Income Taxes (Tables)

9 Months Ended

Sep. 30, 2024

Income Tax Disclosure [Abstract]

Reconciliation of the (Benefit) Provision for Income Taxes

A reconciliation of the provision (benefit) for income taxes to the amounts computed by applying the statutory federal income tax rate to income (loss) before income taxes is as follows for the periods presented:

	Nine months ended September 30,
	2024			2023
	(in millions)
Income tax expense (benefit) at the federal statutory rate	$	18		$	20
State income taxes, net of effect of federal tax benefit		7			7
Unrecognized tax benefits and related interest		4			7
Stock-based compensation		13			21
Research tax credit		(6	)		(3	)
Change in valuation allowance		—			9
IRS audit settlement		41			31
Transfer pricing reserves adjustment		(4	)		24
Other, net		11			(1	)
Provision (benefit) for income taxes	$	84		$	115