v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 147 $ 167
Restricted cash 102 94
Accounts Receivable, Net, Current 614 689
Inventories, net 185 169
Prepaid expenses, deposits and other current assets 157 164
Total current assets 1,205 1,283
Non-current assets:    
Restricted cash 4 5
Receivables, net of allowance for credit losses of $3 and $2, respectively 94 96
Property and equipment, net 347 348
Operating lease right-of-use assets 42 43
Goodwill 3,370 3,371
Net Balance 769 808
Software, net 195 191
Deferred income taxes 279 254
Other assets 60 63
Total assets 6,365 6,462
Current liabilities:    
Current portion of long-term debt 58 53
Accounts payable 147 189
Accrued liabilities 437 535
Income taxes payable 34 26
Total current liabilities 676 803
Deferred income taxes 10 11
Operating lease liabilities 28 29
Other long-term liabilities 258 264
Long-term debt, excluding current portion 5,082 5,110
Total liabilities 6,054 6,217
Commitments and contingencies (Note 15)
Stockholders’ equity:    
Common stock, par value $0.001 per share, 199.0 shares authorized; 78.7 and 118.6 shares issued, respectively, and 78.7 and 77.1 shares outstanding, respectively 1 1
Additional paid-in capital 185 1,276
Retained earnings 351 1,292
Treasury stock, at cost, 41.5 shares as of December 31, 2025 0 (2,101)
Accumulated other comprehensive loss (226) (223)
Total stockholders’ equity 311 245
Total liabilities and stockholders’ equity $ 6,365 $ 6,462