v3.25.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 136 $ 196
Restricted cash 130 110
Receivables, net of allowance for credit losses of $27 and $35, respectively 643 585
Inventories 187 158
Prepaid expenses, deposits and other current assets 141 134
Total current assets 1,237 1,183
Non-current assets:    
Restricted cash 5 6
Receivables, net of allowance for credit losses of $7 and $5, respectively. 93 97
Property and equipment, net 351 286
Operating lease right-of-use assets 44 44
Goodwill 3,355 2,890
Intangible assets, net 882 454
Software, net 176 161
Deferred income taxes 272 229
Other assets 75 71
Total assets 6,490 5,421
Current liabilities:    
Current portion of long-term debt 38 23
Accounts payable 248 216
Accrued liabilities 358 447
Income taxes payable 53 49
Total current liabilities 697 735
Deferred income taxes 13 12
Operating lease liabilities 30 31
Other long-term liabilities 230 160
Long-term debt, excluding current portion 4,818 3,847
Total liabilities 5,788 4,785
Commitments and contingencies (Note 15)
Stockholders’ equity:    
Common stock, par value $0.001 per share, 199 shares authorized; 118 and 117 shares issued, respectively, and 84 and 86 shares outstanding, respectively 1 1
Additional paid-in capital 1,242 1,200
Retained earnings 1,193 1,016
Treasury stock, at cost, 34 and 31 shares, respectively (1,484) (1,216)
Accumulated other comprehensive loss (250) (365)
Total stockholders’ equity 702 636
Total liabilities and stockholders’ equity $ 6,490 $ 5,421