v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities    
Net income $ 53 $ 57
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 43 53
Stock-based compensation expense 53 63
Deferred income taxes 4 8
Loss on Blue Chip Swap 0 3
Changes in assets and liabilities:    
Receivables (59) 38
Inventories 13 (9)
Current payables and accrued expenses (54) (64)
Deferred revenue 11 (53)
Other assets and liabilities (13) (26)
Net cash provided by operating activities 51 70
Investing activities    
Expenditures for property and equipment (5) (9)
Additions to capitalized software 0 (1)
Other investing activities, net (1) (3)
Net cash used in investing activities (6) (13)
Financing activities    
Repurchases of common stock (72) (171)
Repayments of long-term borrowings (12) (6)
Payments of finance leases (33) (37)
Other financing activities, net (2) (6)
Net cash used in financing activities (119) (220)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 23 (22)
Decrease in cash, cash equivalents and restricted cash (51) (185)
Cash, cash equivalents and restricted cash at beginning of period 421 486
Cash, cash equivalents and restricted cash at end of period 370 301
Supplemental cash flow disclosure:    
Assets acquired under operating lease 2 1
Assets acquired under finance lease 52 18
Reconciliation of cash, cash equivalents and restricted cash to the Condensed Consolidated Balance Sheets:    
Cash and cash equivalents 369  
Restricted cash 1  
Total cash, cash equivalents and restricted cash $ 370 $ 301