Accrued Expenses and Other Current Liabilities

12 Months Ended

Dec. 31, 2025

Accrued Expenses and Other Current Liabilities

NOTE 7: ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

Accrued expenses and other current liabilities consisted of the following as of the dates presented:


	December 31, 2025		December 31, 2024
	(in millions)
Accrued salary, bonus, and other employee-related benefits	$	70	$	74
Accrued marketing costs		68		67
Finance lease liability - current portion (1)		7		7
Operating lease liabilities - current portion (1)		7		6
Non-income taxes payable (2)		9		18
Accrued legal contingencies (3)		—		10
Investment tax credit (4)		20		—
Restructuring and other related reorganization costs (5)		20		5
Other		48		62
Total	$	249	$	249

(1)

Refer to “Note 5: Leases” for further information regarding our lease obligations.

(2)

Amounts are primarily related to unpaid digital services taxes.

(3)

Refer to “Note 11: Commitments and Contingencies” for further information.

(4)

Refer to “Note 10: Income Taxes” for further information.

(5)

The following table summarizes our restructuring and other related reorganization costs for the periods presented:


	Employee Severance and Benefits			Other (1)			Total
	(in millions)
Accrued liability as of December 31, 2023	$	13		$	—		$	13
Charges (1)		3			18			21
Payments		(11	)		(18	)		(29	)
Accrued liability as of December 31, 2024	$	5		$	—		$	5
Charges (2)(3)		43			—			43
Payments		(28	)		—			(28	)
Accrued liability as of December 31, 2025	$	20		$	—		$	20

During the fourth quarter of 2024, the Company approved and subsequently initiated a set of actions across its businesses in order to reduce its cost structure, improve operational efficiencies, and realign its workforce with its strategic initiatives. As a result, the Company incurred and paid a one-time contract termination fee to a third-party professional services firm of $18 million within its Hotels and Other segment (formerly Brand Tripadvisor segment). In addition, these actions also included estimated pre-tax restructuring and other related reorganization costs of $3 million during the three months ended December 31, 2024, which consisted of employee severance and related benefits, and was paid during the first quarter of 2025.