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Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2025

Accounting Policies [Abstract]

Schedule of Segment Reporting Information, by Segment

Segment information for the three and nine months ended September 30, 2025 and 2024 are as follows:

			Three Months Ended September 30,												Nine Months Ended September 30,
			2025						2024						2025						2024
			(in millions)
Net sales and operating revenues			$	5,647					$	3,655					$	14,719					$	10,126
Cost of sales			4,499						2,848						11,578						8,013
Gross profit			1,148						807						3,141						2,113
Compensation and benefits			209						175						609						516
Advertising			102						56						258						165
Market occupancy			17						17						49						52
Logistics			43						29						118						86
Other (1)			224						192						647						561
Other operating expense, net			1						1						3						3
Operating income			552						337						1,457						730
Interest expense, net			125						157						407						503
Loss on debt extinguishment			14						4						16						6
Other expense (income), net			154						29						92						(23)
Net income before income taxes			259						147						942						244
Income tax benefit			(4)						(1)						(2)						(1)
Net income			$	263					$	148					$	944					$	245

(1) Other costs include all other selling, general and administrative expenses such as IT expenses, corporate occupancy, professional services and insurance, limited warranty, and title and registration.

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- References

No definition available.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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