v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 442 $ 434
Accounts receivable (net of allowance for credit losses of $10 and $9 as of March 31, 2026 and December 31, 2025, respectively) 1,007 869
Due from affiliates 54 51
Prepaid expenses and other current assets 254 215
Total current assets 1,757 1,569
Property and equipment, net 302 308
Equity method investments 44 43
Goodwill 1,663 1,671
Other intangible assets, net 821 851
Operating lease right-of-use assets 62 66
Deferred tax assets 330 298
Other non-current assets 100 110
Total assets 5,079 4,916
Current liabilities:    
Accounts payable 603 515
Due to affiliates 23 25
Accrued expenses and other current liabilities 781 757
Current portion of operating lease liabilities 25 26
Current portion of long-term debt 62 58
Total current liabilities 1,494 1,381
Long-term debt, net of unamortized debt discount and debt issuance costs 1,455 1,360
Deferred tax liabilities 106 99
Pension liabilities 154 163
Long-term operating lease liabilities 64 62
Earnout derivative liabilities 6 37
Other non-current liabilities 136 153
Total liabilities 3,415 3,255
Commitments and Contingencies (see note 8)
Redeemable non-controlling interest 50 49
Shareholders’ equity:    
Additional paid-in capital 3,273 3,277
Accumulated deficit (1,414) (1,466)
Accumulated other comprehensive loss (84) (75)
Treasury shares, at cost (23,169,857 and 17,253,780 shares as of March 31, 2026 and December 31, 2025, respectively) (166) (128)
Total equity of the Company’s shareholders 1,609 1,608
Equity attributable to non-controlling interest in subsidiaries 5 4
Total shareholders’ equity 1,614 1,612
Total liabilities, redeemable non-controlling interest and and shareholders’ equity 5,079 4,916
Class A common stock    
Shareholders’ equity:    
Class A common stock (par value $0.0001; 3,000,000,000 shares authorized; 545,696,620 and 538,342,297 shares issued, 522,526,763 and 521,088,517 shares outstanding as of March 31, 2026 and December 31, 2025, respectively) $ 0 $ 0