v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating activities    
Net (loss) income $ (266) $ 114
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 143 122
Provision for severance benefits 67 56
Equity-based compensation 122 121
Non-cash operating lease expense 143 116
Deferred income taxes (28) 11
Other 98 1
Change in operating assets and liabilities, net of acquisition:    
Accounts receivable, net (8) (80)
Inventories 128 (18)
Other assets (41) (111)
Accounts payable 53 111
Accrued expenses (97) (93)
Other liabilities (130) 4
Net cash provided by operating activities 184 354
Investing activities    
Purchases of property and equipment (296) (239)
Proceeds from sale of property and equipment 2 1
Other investing activities (8) 25
Net cash used in investing activities (302) (213)
Financing activities    
Proceeds from issuance of common stock, equity-based compensation plan 1 0
Repurchase of Class A common stock (391) 0
Proceeds from short-term borrowings and long-term debt 1,936 295
Repayment of short-term borrowings and long-term debt (1,198) (267)
Other financing activities 0 (12)
Net cash provided by financing activities 348 16
Effect of exchange rate changes on cash and cash equivalents and restricted cash (251) 12
Net (decrease) increase in cash and cash equivalents and restricted cash (21) 169
Cash and cash equivalents and restricted cash, as of beginning of period 6,412 6,031
Cash and cash equivalents and restricted cash, as of end of period $ 6,391 $ 6,200