Accrued Expenses and Other Current Liabilities (Tables)

12 Months Ended

Dec. 31, 2025

Details of 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.

Summary of Restructuring and Other Related Reorganization Costs

(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.

(2)

As a result of these actions taken, as noted above, the Company incurred and paid estimated pre-tax restructuring and other related reorganization costs of $10 million during the year ended December 31, 2025, which consisted of employee severance and related benefits, primarily in our Hotels and Other segment.

(3)

Separately, and unrelated to the restructuring events noted above, during the fourth quarter of 2025, the Company approved and subsequently initiated a series of cost savings actions following a decision to realign its operating model across its Experiences and Hotels and Other segments (formerly Viator and Brand Tripadvisor segments, respectively) to support the Company’s positioning as an experiences-led and AI-enabled company. As a result of these actions taken, the Company incurred estimated pre-tax restructuring and other related reorganization costs of $33 million during the three months ended December 31, 2025, which consisted of employee severance and related benefits, primarily in our Hotels and Other segment, and to lesser extent, our Experiences segment. We expect the majority of remaining unpaid costs as of December 31, 2025 to be disbursed during the first quarter of 2026.