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Inventory Financing Arrangement
12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Inventory Financing Arrangement Inventory Financing Arrangement
On July 29, 2025, we entered into an inventory financing arrangement whereby we agree with our counterparty to sell certain inventory, with short payment terms, and subsequently we repurchase such inventory at an agreed upon price with terms not to exceed 360 days. The agreed upon repurchase price is generally calculated as the original sale price plus financing charges and a nominal spread. As of December 31, 2025, we financed inventory of $50 million and we incurred $2 million of accrued interest, which were included in “Obligations under inventory financing arrangements” and “Accrued Liabilities”, respectively, on the
Consolidated Balance Sheets. For the year ended December 31, 2025 we recorded $2 million of financing charges within “Interest Expense” on the Consolidated Statement of Operations.

In January 2026, we repaid in cash our payable due to the counterparty and shortly thereafter, we entered into a new inventory financing arrangement on terms similar to those referenced above. The amount financed in this new transaction remains at $50 million.