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Related Party Transactions
9 Months Ended
Sep. 30, 2025
Related Party Transactions [Abstract]  
Related Party Transactions Related Party Transactions
The Company has related party sales and purchases with the indirect majority stockholder and its other affiliates that occur in the regular course of business. Related party sales are included in revenues and were $4 million and $11 million for the three and nine months ended September 30, 2025, respectively, and $6 million and $17 million for the three and nine months ended September 30, 2024, respectively. Related party purchases are included in cost of revenues and were $3 million and $5 million for the three and nine months ended September 30, 2025 and 2024. The receivables with the indirect majority stockholder and its other affiliates of $11 million and $19 million, respectively, and payables of $5 million and $4 million, respectively, as of September 30, 2025 and December 31, 2024, are included in accounts receivable, net and accounts payable in our Consolidated Balance Sheets. In addition, there were related party balances in contract assets of $4 million and $12 million at September 30, 2025 and December 31, 2024, respectively.
The Company has an equity investment of $21 million in a private company that is included in other noncurrent assets in our Consolidated Balance Sheets. As there is not a readily determinable fair value, the investment is measured at cost and will be adjusted if we identify an observable price change or an impairment. Additionally, the Company holds two board seats in the investee. Related party sales with this company were $5 million for the nine months ended September 30, 2025. We also had $6 million of related party balances in contract assets with this company at September 30, 2025.