Leases and Other Commitments

9 Months Ended

Sep. 30, 2026

Our total operating lease expense for the three and nine months ended September 30, 2026 was $8 million and $22 million, respectively, and $7 million and $20 million for the three and nine months ended September 30, 2025, respectively. The total amount of variable and short-term lease payments was immaterial for all periods presented.

Supplemental balance sheet and cash flow information related to operating leases is as follows:


	As of
	September 30, 2026			December 31, 2025
Operating lease right-of-use assets	$	64		$	43
Accrued liabilities	16			18
Operating lease liabilities	51			29
Total operating lease liabilities	$	67		$	47


Weighted average remaining lease term, years	6			3
Weighted average discount rate	6		%	6		%


	Nine Months Ended September 30,
	2026		2025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	18	$	16
Right-of-use assets obtained in exchange for new lease liabilities:
Operating leases	$	36	$	19

Lease liability maturities:


	Remainder of 2026		2027		2028		2029		2030		Thereafter		Less Imputed Interest		Total
Operating leases	$	6	$	19	$	14	$	10	$	8	$	22	$	(12)	$	67

As of September 30, 2026, we did not have material additional operating leases that have not yet commenced.