v3.26.1
Acquisitions and Divestitures (Tables)
 12 Months Ended
Dec. 31, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Business Acquisitions
The following table summarizes the purchase price allocations for our acquisitions as of the acquisition dates. There were no acquisitions for the year ended 2023.
Year Ended December 31, 2025Year Ended December 31, 2024
Weighted-Average Life
Acquisitions(1)
Weighted-Average Life
Acquisitions(1)
Accounts/finance receivables$346 $58 
Inventories422 4 
Equipment on operating leases, net65 — 
Land, Buildings and Equipments, net243 5 
Intangible assets:
Customer relationships10 years530 10 years134 
Trademarks7 years110 1 year2 
Technology7 years123 — 
Goodwill(2)
248 286 
Other assets441 6 
Total Assets acquired2,528 495 
Liabilities assumed(1,531)(124)
Acquisition-related debt(323)(210)
Total Acquisition, net of cash acquired$674 $161 
_____________
(1)For additional details related to our 2025 and 2024 acquisition activity, see below.
(2)Our 2025 and 2024 acquisitions included approximately $2 and $42, respectively, of goodwill that is expected to be deductible for tax purposes. Goodwill resulting from our 2025 acquisition is allocated to the Print and Other Segment.
The table below details the total fair value of consideration paid for the ITsavvy Acquisition:
November 20, 2024
Cash$194 
Secured promissory notes due in 2025, net of $3 discount
107 
Secured promissory notes due in 2026, net of $7 discount
103 
Total Fair value of consideration transferred$404 
Schedule of Assets Acquired and Liabilities Assumed
The following table summarizes the preliminary allocation of total purchase consideration to the assets acquired and the liabilities assumed as of the date of the acquisition. Certain amounts have been updated to reflect working capital and measurement period adjustments, the impacts of which were not material to the Consolidated Statements of (Loss) Income:
July 1, 2025
Assets acquired
Cash and cash equivalents$93 
Accounts receivable, net280 
Finance receivables, net(1)
22 
Inventories 422 
Other current assets131 
Finance receivables due after one year, net(1)
44 
Equipment on operating lease, net65 
Land, buildings and equipment, net243 
Intangible assets, net763 
Goodwill246 
Deferred tax assets25 
Other long-term assets266 
Total Assets acquired$2,600 
Liabilities assumed
Accounts payable$476 
Accrued compensation and benefits costs56 
Accrued expenses and other current liabilities(2)
518 
Long-term debt323 
Pension and other benefit liabilities118 
Post-retirement medical benefits6 
Other long-term liabilities(2)
335 
Total Liabilities assumed$1,832 
Net Assets acquired$768 
_____________
(1)Comprised of sales-type lease receivables.
(2)Includes Deferred revenue accounted for in accordance with ASC 606, Revenue from Contracts with Customers.
The following table summarizes the final allocation of total purchase consideration to the assets acquired and the liabilities assumed as of the date of the acquisition. Certain amounts have been updated to reflect working capital and measurement period adjustments, the impacts of which were not material to the Consolidated Statements of (Loss) Income and resulted in a final allocation to Goodwill of $288, as compared to the original allocation of Goodwill of $286 at the time of acquisition:
November 20, 2024
Assets acquired
Cash and cash equivalents$34 
Accounts receivable, net58 
Inventories 4 
Other current assets15 
Land, buildings and equipment, net5 
Intangible assets, net136 
Goodwill288 
Other long-term assets10 
Total Assets acquired$550 
Liabilities assumed
Accounts payable$57 
Accrued compensation and benefits costs7 
Accrued expenses and other current liabilities(1)
30 
Deferred tax liability18 
Other long-term liabilities(1)
34 
Total Liabilities assumed$146 
Net Assets acquired$404 
____________
(1)Includes Deferred revenue accounted for in accordance with ASC 606 Revenue.
Schedule of Fair Value Estimates of Identifiable Intangible Assets and Their Weighted-Average Useful Lives
The following table is a summary of the fair value estimates of the identifiable intangible assets and their estimated average useful lives:
July 1, 2025Estimated Useful Life
Customer relationships$530 10 years
Developed technology123 7 years
Trademarks110 7 years
Total Identifiable intangible assets$763 
Intangible Assets
The following table is a summary of the fair value estimates of the identifiable intangible assets and their estimated average useful lives:
November 20, 2024Estimated Useful Life
Customer relationships$134 10 years
Trademarks2 1 year
Total consideration transferred$136 
Schedule of Pro Forma Information and Contributed Aggregate Revenues from Respective Acquisitions The following table summarizes the pro forma financial information:
Year Ended December 31,
20252024
Total revenue$7,962 $8,620 
Net loss(968)(1,680)