v3.26.1
Segments (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Reconciliation of Revenues and Income from Segments to Consolidated
The Company’s reportable segment information is presented below:
Three Months Ended June 30,Six Months Ended June 30,
(in millions)2026202520262025
Revenues
Commercial Solutions$1,793 $1,651 $3,547 $3,223 
Research & Development Solutions2,575 2,366 4,972 4,623 
Total revenues4,368 4,017 8,519 7,846 
Cost of revenues, exclusive of depreciation and amortization
Commercial Solutions1,132 1,042 2,253 2,022 
Research & Development Solutions1,801 1,652 3,476 3,203 
Total cost of revenues, exclusive of depreciation and amortization2,933 2,694 5,729 5,225 
Selling, general and administrative expenses
Commercial Solutions242 230 494 467 
Research & Development Solutions248 241 498 471 
Total selling, general and administrative expenses reportable segments490 471 992 938 
Segment profit
Commercial Solutions419 379 800 734 
Research & Development Solutions526 473 998 949 
Total segment profit945 852 1,798 1,683 
General corporate and unallocated expenses(84)(38)(84)(79)
Depreciation and amortization(292)(276)(580)(541)
Restructuring costs(63)(32)(114)(61)
Total income from operations506 506 1,020 1,002 
Interest income(7)(10)(17)(21)
Interest expense197 182 389 347 
Loss on extinguishment of debt3 — 3 4 
Other expense, net12 11 16 26 
Income before income taxes and equity in earnings (losses) of unconsolidated affiliates$301 $323 $629 $646