Annual report [Section 13 and 15(d), not S-K Item 405]

Property and Equipment (Tables)

v3.25.4
Property and Equipment (Tables)
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Schedule of Property and Equipment, Net Depreciation is calculated using the straight-line method over the following estimated useful life of the asset:
Satellite system
 15
years
Capitalized software and hardware 2 - 7 years
Other (a)
3 - 30 years
(a)     Includes leasehold improvements which are depreciated over the lesser of useful life or remaining lease term.
Property and equipment, net, consists of the following:
  December 31, 2025 December 31, 2024
Satellite system $ 1,931  $ 1,598 
Capitalized software and hardware 2,854  2,429 
Construction in progress 565  988 
Other
 725  718 
Total property and equipment 6,075  5,733 
Accumulated depreciation (3,815) (3,624)
Property and equipment, net $ 2,260  $ 2,109 
Construction in progress consists of the following:
  December 31, 2025 December 31, 2024
Satellite system $ 413  $ 751 
Capitalized software and hardware 74  197 
Other 78  40 
Construction in progress $ 565  $ 988 
Schedule of Orbiting Satellites The chart below provides certain information on our satellites as of December 31, 2025:
Satellite Description Year Delivered Estimated End of
Depreciable Life		 FCC License Expiration Year
SIRIUS FM-5 2009 2024 2030
SIRIUS FM-6 2013 2028 2030
XM-5 2010 2025 2026
SXM-8 2021 2036 2029
SXM-9
 2025 2040 2033
SXM-10
 2025 2040 2033