v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 897 $ 905
Trade and other receivables, net of allowance for credit losses of $78 million and $91 million, respectively 819 1,143
Inventories 1,193 1,061
Other current assets 192 190
Total current assets 3,101 3,299
Property and equipment, net of accumulated depreciation of $1,075 million and $958 million, respectively 465 502
Intangible assets not subject to amortization (note 5):    
Goodwill 830 2,217
Tradenames 1,190 2,120
Intangible assets not subject to amortization 2,020 4,337
Intangible assets subject to amortization, net (note 5) 419 402
Operating lease right-of-use assets 585 600
Other assets, at cost, net of accumulated amortization 109 103
Total assets 6,699 9,243
Current liabilities:    
Accounts payable 648 776
Accrued liabilities 824 953
Current portion of debt, $86 million and $282 million measured at fair value (note 6) 86 867
Other current liabilities 80 128
Total current liabilities 1,638 2,724
Long-term debt (note 6) 4,834 4,101
Deferred income tax liabilities 1,130 1,313
Preferred stock (note 7) 1,272 1,272
Operating lease liabilities 592 598
Other liabilities 121 120
Total liabilities 9,587 10,128
Stockholders' equity:    
Additional paid-in capital 141 138
Accumulated other comprehensive earnings (loss), net of taxes 295 (15)
Retained earnings (accumulated deficit) (3,416) (1,094)
Total stockholders' equity (2,980) (971)
Noncontrolling interests in equity of subsidiaries 92 86
Total equity (2,888) (885)
Commitments and contingencies (note 9)
Total liabilities and equity 6,699 9,243
Series A common stock    
Stockholders' equity:    
Common stock value
Series B common stock    
Stockholders' equity:    
Common stock value
Series C common stock    
Stockholders' equity:    
Common stock value