v3.26.1
INTANGIBLE ASSETS
3 Months Ended
Mar. 31, 2026
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
INTANGIBLE ASSETS INTANGIBLE ASSETS
Intangible assets consist of the following (in millions, except amortization period data):
March 31,
2026
December 31,
2025
Weighted-
Average
Amortization
Period (in years)
Acquired technology and data$474 $471 8
Accumulated amortization(72)(55) 
Acquired technology and data, net402 416  
Acquired customer base1,347 1,330 15
Accumulated amortization(439)(403) 
Acquired customer base, net908 927  
Acquired trade names and other intangible assets524 524 14
Accumulated amortization(151)(146) 
Acquired trade names and other intangible assets, net373 378  
Acquired above-market leases42 42 9
Accumulated amortization(15)(14)
Acquired above-market leases, net27 28 
Acquired in-place leases31 31 9
Accumulated amortization(10)(9)
Acquired in-place leases, net21 22 
Intangible assets, net$1,731 $1,771  
Intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of such assets may not be recoverable. The Company did not recognize any impairment losses on intangible assets during the three months ended March 31, 2026 or 2025. During the three months ended March 31, 2026, the Company did not have any intangible assets that were fully amortized from the acquired intangible assets and accumulated amortization.