v3.25.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Revenue $ 1,241 $ 1,184 $ 2,434 $ 2,389
Cost of sales 528 495 1,037 1,010
Gross profit 713 689 1,397 1,379
Research and development 92 89 186 176
Marketing, selling and administrative 400 354 741 691
Amortization of intangible assets 136 131 264 264
Asset impairment, restructuring and other special charges 1 80 10 126
Interest expense, net of capitalized interest 48 65 88 131
Other expense, net 11 2 23 11
Income (loss) before income taxes 25 (32) 85 (20)
Income tax expense (benefit) 14 18 7 (2)
Net income (loss) $ 11 $ (50) $ 78 $ (18)
Earnings (loss) per share:        
Basic (usd per share) $ 0.02 $ (0.10) $ 0.16 $ (0.04)
Diluted (usd per share) $ 0.02 $ (0.10) $ 0.16 $ (0.04)
Weighted-average shares outstanding:        
Basic (in shares) 496.6 494.2 495.9 493.7
Diluted (in shares) 500.1 494.2 499.6 493.7