v3.25.1
Derivatives and Hedging (Tables)
 3 Months Ended
Mar. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
As of January 1, 2025, the Company had two interest rate swap agreements with the following terms that were accounted for as cash flow hedges:
Notional Amount
(in $ millions)		PeriodFixed Interest Rate
$400September 2024 to July 20283.242 %
$500September 2024 to July 20293.226 %
Schedule of Balance Sheet Location and Fair Value of Company's Derivative Instruments, on a Gross Basis, Under ASC 815
The following table presents the balance sheet location and fair value of the Company’s derivative instruments, on a gross basis, under ASC 815:
(in $ millions)Balance sheet
Location		March 31, 2025December 31, 2024
Derivatives designated as hedging instruments
Interest rate swapsOther non-current assets$— $27 
Interest rate swapsOther non-current liabilities$(19)$— 
Cross currency interest rate swaps
Other non-current liabilities
$(7)$— 
Derivatives not designated as hedging instruments
Foreign currency forward contracts
Other current liabilities
$(1)$— 
Earnout sharesEarnout derivative liabilities(59)$(133)
Schedule of Impact of Changes in Fair Values of Derivatives on Other Comprehensive Income (Loss) and on Net Income (Loss)
The table below presents the impact of changes in fair values of derivatives on other comprehensive income (loss) and on net income (loss):
Amount of gain/(loss) recognized in
other comprehensive income (loss)		Statement of
operations location		Amount of gain/(loss) recognized in
 statements of operations
Three months ended
March 31,		Three months ended
March 31,
2025202420252024
Derivatives designated as hedging instruments
Interest rate swaps$(15)$5 NA— — 
Interest rate swaps re-classed to consolidated statements of operations(4)(2)Interest expense$4 $2 
Cross currency interest rate swap(7)— NA— — 
Derivatives not designated as hedging instruments
Foreign currency forward contracts— — 
Other (loss) income, net
9 — 
Earnout Shares— — Fair value movement on earnout derivative liabilities74 18 
$87 $20