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Trade Payables and Other Liabilities
 3 Months Ended
Mar. 31, 2026
Subclassifications of assets, liabilities and equities [abstract]  
Trade Payables and Other Liabilities Trade Payables and Other Liabilities
March 31, 2026
December 31, 2025
Current:
Trade payables
$
419 
$
491 
Accrued expenses
539 
452 
Contract liabilities(1)
584 
718 
Advances and deposits
70 
44 
Payables for property, plant and equipment and intangible assets
390 
335 
Other(2)
128 
114 
Total
$
2,130 
$
2,154 
Non-current:
Payables for intangible assets
147 
150 
Contract liabilities(1)
491 
512 
Other(2)
238 
200 
Total
$
876 
$
862 
(1)Contract liabilities comprise contractual obligations for payments received in advance of the satisfaction of performance obligations for wafers, as well as NRE services.
(2)Other includes other financial liabilities due from related parties, deferred tax liabilities and non-current advances and deposits.
The following table presents the activities in contract liabilities as of March 31, 2026 and December 31, 2025
March 31, 2026
December 31, 2025
Beginning contract liabilities balance
$
1,230 
$
1,584 
Cash receipts in advance of satisfaction of performance obligations
45 
782 
Released to the consolidated statements of operations
(200)
(1,124)
Other(1)
— 
(12)
Ending contract liabilities balance
$
1,075 
$
1,230 
Current
$
584 
$
718 
Non-current
491 
512 
Total
$
1,075 
$
1,230 
(1)Includes $0 and $15 million primarily due to the unbilled accounts receivable balance applied against the related contract liabilities for a certain customer's non-recurring engineering arrangement as of March 31, 2026 and December 31, 2025, respectively.