v3.23.3
Income Taxes
 9 Months Ended
Sep. 30, 2023
Income Tax Disclosure [Abstract]  
Income Taxes Income TaxesOur effective income tax rate was (0.2)% and 4.0% for the three months ended September 30, 2023 and 2022, respectively, and was (0.5)% and 2.0% for the nine months ended September 30, 2023 and 2022, respectively. The effective tax rate for each period differs from the statutory rate primarily as a result of having a full valuation allowance maintained against our deferred tax assets, along with the release of a portion of our valuation allowance as a result of acquisitions. The benefit (provision) for income taxes was $0 and $4 for the three months ended September 30, 2023 and 2022, respectively, and $(1) and $4 for the nine months ended September 30, 2023 and 2022, respectively. The change in the benefit (provision) is primarily driven by changes in the provision recorded on the earnings of our non-US subsidiaries and a non-recurring benefit recognized in the three and nine months ended September 30, 2022 from the acquisition of Sling of $5. The non-recurring benefit resulted from the release of a portion of our valuation allowance due to temporary differences available as a source of income to realize the benefit of certain pre-existing Toast, Inc. deferred tax assets.