v3.26.1
Debt - Narrative (Details)
 1 Months Ended 3 Months Ended 12 Months Ended
Jul. 01, 2025
USD ($)
May 09, 2025
USD ($)
Apr. 11, 2025
USD ($)
Oct. 31, 2025
USD ($)
Jun. 30, 2024
USD ($)
Nov. 30, 2023
USD ($)
May 31, 2023
USD ($)
Dec. 31, 2025
USD ($)
$ / shares
Mar. 31, 2025
USD ($)
$ / shares
Mar. 31, 2024
USD ($)
agreement
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
$ / shares
Dec. 31, 2023
USD ($)
Mar. 16, 2026
USD ($)
Jan. 31, 2026
Jun. 30, 2025
$ / shares
Oct. 15, 2024
USD ($)
instrument
Mar. 06, 2024
$ / shares
Sep. 27, 2023
$ / shares
Debt Instrument [Line Items]                                      
Proceeds from issuance of long-term debt                     $ 1,140,000,000 $ 907,000,000 $ 1,396,000,000            
Payments on long-term debt                     755,000,000 $ 992,000,000 1,874,000,000            
Total                $ 4,344,000,000     4,344,000,000                
Share price (in dollars per share) | $ / shares                                     $ 15.84
Dividends payable, amount per share (in dollars per share) | $ / shares                 $ 0.50     $ 1.00       $ 0.10      
Long-term debt               4,016,000,000     4,016,000,000 $ 2,814,000,000              
Finance receivables, net               $ 510,000,000     510,000,000 608,000,000              
Interest paid                     $ 272,000,000 214,000,000 201,000,000            
Assumed leverage ratio               7     7                
Special Purpose Entity (SPE)                                      
Debt Instrument [Line Items]                                      
Expected life of loan                     2 years 6 months                
Lexmark Acquisition                                      
Debt Instrument [Line Items]                                      
Assumption of debt $ 323,000,000                                    
Xerox Corporation                                      
Debt Instrument [Line Items]                                      
Proceeds from issuance of long-term debt                     $ 1,140,000,000 907,000,000 1,396,000,000            
Payments on long-term debt                     755,000,000 992,000,000 $ 1,874,000,000            
Total                $ 2,316,000,000     2,316,000,000                
Finance receivables, net               510,000,000     510,000,000 608,000,000              
Xerox Corporation | Related Party                                      
Debt Instrument [Line Items]                                      
Long-term debt               1,872,000,000     1,872,000,000 1,634,000,000              
Secured Debt                                      
Debt Instrument [Line Items]                                      
Payments on long-term debt                 $ 70,000,000                    
Secured loan               $ 0     0 70,000,000              
Finance receivables, net                       $ 58,000,000              
Debt instrument, interest rate, effective percentage                       4.62%              
Senior Secured First Lien Notes Due 2030 | Senior Notes                                      
Debt Instrument [Line Items]                                      
Principal debt     $ 400,000,000                                
Debt interest rate (as percent)     10.25%                                
Debt instrument, percentage of par issued     99.00%                                
Proceeds, net of fees and expenses     $ 366,000,000                                
Senior Secured Second Lien Notes Due 2031 | Senior Notes                                      
Debt Instrument [Line Items]                                      
Principal debt     $ 400,000,000                                
Debt interest rate (as percent)     13.50%                                
Debt instrument, percentage of par issued   95.00% 98.00%                                
Proceeds, net of fees and expenses   $ 93,000,000 $ 392,000,000                                
Proceeds from issuance of long-term debt   100,000,000                                  
Interest payable   1,000,000                                  
Escrow deposit disbursements related to debt agreement 494,000,000                                    
Commitment and underwriting fees, estimated amount payable   15,000,000                                  
Senior Secured Second Lien Notes Due 2031 | Senior Notes | Xerox Corporation                                      
Debt Instrument [Line Items]                                      
Escrow deposits related to debt agreement   $ 2,000,000                                  
Senior Notes due 2025 | Senior Notes                                      
Debt Instrument [Line Items]                                      
Debt interest rate (as percent)     5.00%                                
Term Loan B Facility | Line of Credit | Secured Debt                                      
Debt Instrument [Line Items]                                      
Proceeds from issuance of long-term debt 327,000,000                                    
Payments on long-term debt       $ 41,000,000                              
Debt issuance costs, gross 1,000,000                                    
Senior Notes due 2030 | Senior Notes                                      
Debt Instrument [Line Items]                                      
Principal debt $ 250,000,000                                    
Debt interest rate (as percent) 13.00%                                    
Proceeds from issuance of long-term debt $ 245,000,000                                    
Fair value of warrants 11,000,000                                    
Senior Unsecured Notes Due 2026 | Senior Notes                                      
Debt Instrument [Line Items]                                      
Principal debt $ 125,000,000                                    
Debt interest rate (as percent) 13.00%                                    
Proceeds from issuance of long-term debt $ 116,000,000                                    
Senior Notes due 2026 | Senior Notes                                      
Debt Instrument [Line Items]                                      
Available for maturity extension $ 62,500,000                                    
Maturity extension term 6 months                                    
Fee percentage for maturity extension 0.02                                    
2030 Convertible Notes | Convertible Debt                                      
Debt Instrument [Line Items]                                      
Debt interest rate (as percent)                       3.75%              
2030 Convertible Notes | Convertible Debt | Subsequent Event                                      
Debt Instrument [Line Items]                                      
Debt interest rate (as percent)                             3.75%        
2030 Convertible Notes | Convertible Debt | Capped Calls                                      
Debt Instrument [Line Items]                                      
Capped call, cost                       $ 23,000,000              
Option indexed to issuer's equity, strike price (in dollars per share) | $ / shares               $ 20.84 $ 27.51     $ 28.34              
Option indexed to issuers equity strike price, premium over share price, percentage                       70.00%              
Share price (in dollars per share) | $ / shares                                   $ 16.67  
Term Loan B | Secured Debt                                      
Debt Instrument [Line Items]                                      
Principal debt           $ 550,000,000                          
Debt discount           17,000,000                          
Debt issuance costs, net           9,000,000                          
Proceeds from issuance of debt           $ 524,000,000                          
Total                $ 706,000,000     706,000,000                
Term Loan B | Secured Debt | Term One | Fed Funds Effective Rate Overnight Index Swap Rate                                      
Debt Instrument [Line Items]                                      
Initial rate spread           0.50%                          
Term Loan B | Secured Debt | Term One | Secured Overnight Financing Rate (SOFR)                                      
Debt Instrument [Line Items]                                      
Initial rate spread           1.00%                          
Term Loan B | Secured Debt | Term One | SOFR, Applicable Margin                                      
Debt Instrument [Line Items]                                      
Initial rate spread           3.00%                          
Term Loan B | Secured Debt | Term Two | Secured Overnight Financing Rate (SOFR) | Minimum                                      
Debt Instrument [Line Items]                                      
Base rate (as percent)           0.50%                          
Term Loan B | Secured Debt | Term Two | SOFR, Applicable Margin                                      
Debt Instrument [Line Items]                                      
Initial rate spread           4.00%                          
Term Loan B | Secured Debt | Term Two | Alternate Base Rate (ABR)                                      
Debt Instrument [Line Items]                                      
Initial rate spread           3.00%                          
Term Loan B, Tranche One | Secured Debt                                      
Debt Instrument [Line Items]                                      
Total                $ 406,000,000     $ 406,000,000                
Average interest rate (as percent)               7.73%     7.73%                
Term Loan B, Tranche Two | Secured Debt                                      
Debt Instrument [Line Items]                                      
Total                $ 175,000,000     $ 175,000,000                
Average interest rate (as percent)               7.67%     7.67%                
Term Loan B, Tranche Three | Secured Debt                                      
Debt Instrument [Line Items]                                      
Total                $ 125,000,000     $ 125,000,000                
Average interest rate (as percent)               7.72%     7.72%                
Term Loan B - Year 2026 | Secured Debt                                      
Debt Instrument [Line Items]                                      
Debt interest rate (as percent)           7.50%                          
Term Loan B - Thereafter | Secured Debt                                      
Debt Instrument [Line Items]                                      
Debt interest rate (as percent)           10.00%                          
ABL Facility | Revolving Credit Facility                                      
Debt Instrument [Line Items]                                      
Debt issuance costs, net             $ 7,000,000                        
Initial rate spread         0.10%                            
Expected life of loan             5 years                        
Period prior to final scheduled maturity date for Material Springer Debt             91 days                        
Line of credit facility, maximum borrowing capacity         $ 425,000,000   $ 300,000,000                        
Remaining minimum borrowing capacity base         $ 31,875,000   $ 22,500,000                        
Remaining minimum borrowing capacity base percentage         10.00%   10.00%                        
Line of credit facility, accordion feature, increase limit         $ 250,000,000                            
Letter of credit, credit facility sub-facility, maximum borrowing amount         $ 100,000,000                            
ABL Facility | Revolving Credit Facility | Subsequent Event                                      
Debt Instrument [Line Items]                                      
Line of credit facility, current borrowing capacity                           $ 382,000,000          
Long-term line of credit                           0          
Remaining borrowing capacity                           289,000,000          
ABL Facility | Revolving Credit Facility | Fed Funds Effective Rate Overnight Index Swap Rate                                      
Debt Instrument [Line Items]                                      
Initial rate spread         0.50%                            
ABL Facility | Revolving Credit Facility | Secured Overnight Financing Rate (SOFR)                                      
Debt Instrument [Line Items]                                      
Initial rate spread         1.00%                            
ABL Facility | Revolving Credit Facility | Secured Overnight Financing Rate (SOFR) | Minimum                                      
Debt Instrument [Line Items]                                      
Initial rate spread         1.50%                            
Base rate (as percent)         0.00%                            
ABL Facility | Revolving Credit Facility | Secured Overnight Financing Rate (SOFR) | Maximum                                      
Debt Instrument [Line Items]                                      
Initial rate spread         2.00%                            
ABL Facility | Revolving Credit Facility | Alternate Base Rate (ABR) | Minimum                                      
Debt Instrument [Line Items]                                      
Initial rate spread         0.50%                            
ABL Facility | Revolving Credit Facility | Alternate Base Rate (ABR) | Maximum                                      
Debt Instrument [Line Items]                                      
Initial rate spread         1.00%                            
ABL Facility | Letter of Credit | Subsequent Event                                      
Debt Instrument [Line Items]                                      
Letters of credit                           $ 93,000,000          
Secured Promissory Notes                                      
Debt Instrument [Line Items]                                      
Principal debt                                 $ 110,000,000    
Debt instrument, number of instruments held | instrument                                 2    
Intercompany Loan | Senior Notes | Xerox Corporation                                      
Debt Instrument [Line Items]                                      
Interest payable               $ 36,000,000     $ 36,000,000 $ 31,000,000              
Intercompany Loan | Senior Notes | Xerox Corporation | Related Party                                      
Debt Instrument [Line Items]                                      
Proceeds from issuance of long-term debt                   $ 900,000,000                  
Payments on long-term debt                   362,000,000                  
Debt issuance costs, net                   $ 15,000,000                  
Number of agreements entered into | agreement                   2                  
Long-term debt               $ 1,993,000,000     $ 1,993,000,000 $ 2,022,000,000