Subsequent Events	6 Months Ended
Jun. 30, 2025
Subsequent Events [Abstract]
Subsequent Events	12. SUBSEQUENT EVENTS On August 3, 2025, the Company entered into a definitive agreement (Agreement) with Amphenol Corporation, a Delaware corporation (Amphenol), pursuant to which Amphenol has agreed to acquire the Company’s CCS segment in exchange for $10.5 billion in cash, to be paid by Amphenol upon closing. The Company expects net proceeds after fees and taxes to be approximately $10.0 billion. The sale is expected to close within the first half of 2026, subject to customary closing conditions, including receipt of applicable regulatory and shareholder approvals. The CCS segment provides wired infrastructure for data centers, enterprise and service providers on a global scale. In connection with the transaction and as required by the Agreement, the Company currently expects to repay or redeem its existing indebtedness on or shortly after the closing date. After repaying debt, redeeming preferred stock, and placing a modest leverage on the remaining company, the Company expects to have excess cash by which to pay a dividend after the deal closes. The divestiture of the CCS segment is expected to meet the “held for sale” criteria in the third quarter of 2025, and the Company has determined that it represents a strategic shift that will have a major effect on the Company’s operations. As such, the results of operations will be reclassified to discontinued operations on the Condensed Consolidated Statements of Operations and retrospectively for all periods presented beginning in the third quarter of 2025. In addition, the assets and liabilities will be presented separately on the Condensed Consolidated Balance Sheets for both current and prior periods beginning in the third quarter of 2025. On July 4, 2025, President Trump signed into law the One Big Beautiful Bill Act (OBBBA). The OBBBA makes permanent key elements of the Tax Cuts and Jobs Act, including 100% bonus depreciation, domestic research cost expensing and the business interest expense limitation. ASC 740, Income Taxes, requires the effects of changes in tax rates and laws to be recognized in the period in which the legislation is enacted. Consequently, the Company will evaluate the impacts of the newly enacted tax law and identify any other changes required to its financial statements as a result of the OBBBA and such evaluations will be reflected on the Company’s Quarterly Report on Form 10-Q for the third quarter of 2025.

Subsequent Events

6 Months Ended

Jun. 30, 2025

12. SUBSEQUENT EVENTS

On August 3, 2025, the Company entered into a definitive agreement (Agreement) with Amphenol Corporation, a Delaware corporation (Amphenol), pursuant to which Amphenol has agreed to acquire the Company’s CCS segment in exchange for $10.5 billion in cash, to be paid by Amphenol upon closing. The Company expects net proceeds after fees and taxes to be approximately $10.0 billion. The sale is expected to close within the first half of 2026, subject to customary closing conditions, including receipt of applicable regulatory and shareholder approvals. The CCS segment provides wired infrastructure for data centers, enterprise and service providers on a global scale.

In connection with the transaction and as required by the Agreement, the Company currently expects to repay or redeem its existing indebtedness on or shortly after the closing date. After repaying debt, redeeming preferred stock, and placing a modest leverage on the remaining company, the Company expects to have excess cash by which to pay a dividend after the deal closes.

The divestiture of the CCS segment is expected to meet the “held for sale” criteria in the third quarter of 2025, and the Company has determined that it represents a strategic shift that will have a major effect on the Company’s operations. As such, the results of operations will be reclassified to discontinued operations on the Condensed Consolidated Statements of Operations and retrospectively for all periods presented beginning in the third quarter of 2025. In addition, the assets and liabilities will be presented separately on the Condensed Consolidated Balance Sheets for both current and prior periods beginning in the third quarter of 2025.

On July 4, 2025, President Trump signed into law the One Big Beautiful Bill Act (OBBBA). The OBBBA makes permanent key elements of the Tax Cuts and Jobs Act, including 100% bonus depreciation, domestic research cost expensing and the business interest expense limitation. ASC 740, Income Taxes, requires the effects of changes in tax rates and laws to be recognized in the period in which the legislation is enacted. Consequently, the Company will evaluate the impacts of the newly enacted tax law and identify any other changes required to its financial statements as a result of the OBBBA and such evaluations will be reflected on the Company’s Quarterly Report on Form 10-Q for the third quarter of 2025.