v3.26.1
LEASES
 3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
LEASES LEASES
The Company has operating and finance leases for its office facilities, data centers, and certain vehicles. The Company's leases have remaining terms up to nine years. The leases contain various renewal and termination options. The period that is subject to an option to extend the lease is included in the lease term if it is reasonably certain that the option will be exercised. The period that is subject to an option to terminate the lease is included if it is reasonably certain that the option will not be exercised.
Lease costs related to the Company's operating and finance leases included in the condensed consolidated statements of operations were as follows (in millions):
Three Months Ended
March 31,
Operating lease costs:20262025
Cost of revenue$2 $3 
Selling and marketing (excluding customer base amortization)5 4 
Software development2 2 
General and administrative2 1 
Total operating lease costs11 10 
Finance lease costs:
Amortization of ROU assets
1 1 
Interest on lease liabilities— 1 
Total finance lease costs
1 2 
Total lease costs
$12 $12 
Finance lease costs primarily relate to vehicles used by the Company's research teams, and the amortization of the ROU assets is recorded to cost of revenue in the condensed consolidated statements of operations. The impact of lease costs related to short-term leases was not material for the three months ended March 31, 2026 and 2025.
Supplemental balance sheet information related to operating leases was as follows (in millions):
BalanceBalance Sheet LocationMarch 31,
2026		December 31, 2025
Operating lease liabilities$158$161
Less: imputed interest2021
Present value of lease liabilities138140
Less: current portion of lease liabilitiesLease liabilities2323
Long-term lease liabilitiesLease and other long-term liabilities$115$117
Weighted-average remaining lease term in years55
Weighted-average discount rate4.7 %4.7 %
ROU Assets
Lease right-of-use assets$120$123
Finance lease liabilities
$10$12
Less: imputed interest11
Present value of lease liabilities911
Less: current portion of lease liabilitiesLease liabilities55
Long-term lease liabilitiesLease and other long-term liabilities$4$6
Weighted-average remaining lease term in years22
Weighted-average discount rate6.3 %6.3 %
ROU Assets
Property and equipment, net$12$13
Supplemental cash flow information related to leases was as follows (in millions):
Three Months Ended
March 31,
20262025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used in operating leases$8 $11 
Financing cash flows used in finance leases$1 $1 
ROU assets obtained in exchange for new lease obligations:
Operating leases$5 $1 
LEASES LEASES
The Company has operating and finance leases for its office facilities, data centers, and certain vehicles. The Company's leases have remaining terms up to nine years. The leases contain various renewal and termination options. The period that is subject to an option to extend the lease is included in the lease term if it is reasonably certain that the option will be exercised. The period that is subject to an option to terminate the lease is included if it is reasonably certain that the option will not be exercised.
Lease costs related to the Company's operating and finance leases included in the condensed consolidated statements of operations were as follows (in millions):
Three Months Ended
March 31,
Operating lease costs:20262025
Cost of revenue$2 $3 
Selling and marketing (excluding customer base amortization)5 4 
Software development2 2 
General and administrative2 1 
Total operating lease costs11 10 
Finance lease costs:
Amortization of ROU assets
1 1 
Interest on lease liabilities— 1 
Total finance lease costs
1 2 
Total lease costs
$12 $12 
Finance lease costs primarily relate to vehicles used by the Company's research teams, and the amortization of the ROU assets is recorded to cost of revenue in the condensed consolidated statements of operations. The impact of lease costs related to short-term leases was not material for the three months ended March 31, 2026 and 2025.
Supplemental balance sheet information related to operating leases was as follows (in millions):
BalanceBalance Sheet LocationMarch 31,
2026		December 31, 2025
Operating lease liabilities$158$161
Less: imputed interest2021
Present value of lease liabilities138140
Less: current portion of lease liabilitiesLease liabilities2323
Long-term lease liabilitiesLease and other long-term liabilities$115$117
Weighted-average remaining lease term in years55
Weighted-average discount rate4.7 %4.7 %
ROU Assets
Lease right-of-use assets$120$123
Finance lease liabilities
$10$12
Less: imputed interest11
Present value of lease liabilities911
Less: current portion of lease liabilitiesLease liabilities55
Long-term lease liabilitiesLease and other long-term liabilities$4$6
Weighted-average remaining lease term in years22
Weighted-average discount rate6.3 %6.3 %
ROU Assets
Property and equipment, net$12$13
Supplemental cash flow information related to leases was as follows (in millions):
Three Months Ended
March 31,
20262025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used in operating leases$8 $11 
Financing cash flows used in finance leases$1 $1 
ROU assets obtained in exchange for new lease obligations:
Operating leases$5 $1