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Tax Receivable Agreement (Tables) | 9 Months Ended
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Sep. 30, 2025
Receivables [Abstract] |
Summary of Changes of Tax Receivable Liability | The following table summarizes the changes in the TRA liabilities (in millions):
| Tax Receivable Agreement Liability
Beginning balance as of December 31, 2024 | $ | 857 |
Fair value remeasurement | (34) |
Payments | (100) |
Ending balance as of September 30, 2025 | 723 |
Less: current portion included in other current liabilities | (164) |
Total long-term tax receivable agreement liability | $ | 559 |

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