| ACCUMULATED OTHER COMPREHENSIVE LOSS AND STOCKHOLDERS’ DEFICIT |
ACCUMULATED OTHER COMPREHENSIVE LOSS AND STOCKHOLDERS’ DEFICIT The following tables detail the accumulated other comprehensive loss activity for the 2026 first half and 2025 first half: | | | | | | | | | | | | | | | | | | | (in millions) | Foreign Currency Translation Adjustments | | Other Adjustments | | Accumulated Other Comprehensive Loss | | Balance as of December 31, 2025 | $ | (649) | | | $ | 7 | | | $ | (642) | | Other comprehensive (loss) income(1) | (54) | | | 11 | | | (43) | | | Balance as of June 30, 2026 | $ | (703) | | | $ | 18 | | | $ | (685) | |
| | | | | | | | | | | | | | | | | | | (in millions) | Foreign Currency Translation Adjustments | | Other Adjustments | | Accumulated Other Comprehensive Loss | | Balance as of December 31, 2024 | $ | (1,091) | | | $ | 28 | | | $ | (1,063) | | Other comprehensive income (loss) (1) | 420 | | | (31) | | | 389 | | | Balance as of June 30, 2025 | $ | (671) | | | $ | (3) | | | $ | (674) | | | | | | | |
(1)Other comprehensive (loss) income includes intra-entity foreign currency transactions that are of a long-term investment nature, which resulted in gains of $20 million for the 2026 first half and losses of $68 million for the 2025 first half. The following tables detail the changes in common shares outstanding and stockholders’ deficit for the 2026 first half and 2025 first half: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (in millions, except per share amounts) | | | Common Shares Outstanding | | | Total | | Class A Common Stock | | Additional Paid-in-Capital | | Retained Earnings | | Treasury Stock, at Cost | | Accumulated Other Comprehensive Loss | | 265.9 | | | Balance as of December 31, 2025 | $ | (3,771) | | | $ | 5 | | | $ | 6,352 | | | $ | 18,414 | | | $ | (27,900) | | | $ | (642) | | | — | | | Net income | 648 | | | — | | | — | | | 648 | | | — | | | — | | | — | | | Other comprehensive loss | (73) | | | — | | | — | | | — | | | — | | | (73) | | | — | | | Dividends ($0.67 per share) | (178) | | | — | | | — | | | (178) | | | — | | | — | | | 0.9 | | | Stock-based compensation plans | (14) | | | — | | | (41) | | | — | | | 27 | | | — | | | (2.1) | | | Purchase of treasury stock | (704) | | | — | | | — | | | — | | | (704) | | | — | | | 264.7 | | | Balance as of March 31, 2026 | $ | (4,092) | | | $ | 5 | | | $ | 6,311 | | | $ | 18,884 | | | $ | (28,577) | | | $ | (715) | | | — | | | Net income | 766 | | | — | | | — | | | 766 | | | — | | | — | | | — | | | Other comprehensive income | 30 | | | — | | | — | | | — | | | — | | | 30 | | | — | | | Dividends ($0.73 per share) | (192) | | | — | | | — | | | (192) | | | — | | | — | | | 0.1 | | | Stock-based compensation plans | 64 | | | — | | | 63 | | | — | | | 1 | | | — | | | (3.0) | | | Purchase of treasury stock | (1,101) | | | — | | | — | | | — | | | (1,101) | | | — | | | 261.8 | | | Balance as of June 30, 2026 | $ | (4,525) | | | $ | 5 | | | $ | 6,374 | | | $ | 19,458 | | | $ | (29,677) | | | $ | (685) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Common Shares Outstanding | | | Total | | Class A Common Stock | | Additional Paid-in-Capital | | Retained Earnings | | Treasury Stock, at Cost | | Accumulated Other Comprehensive Loss | | 276.7 | | | Balance as of December 31, 2024 | $ | (2,992) | | | $ | 5 | | | $ | 6,179 | | | $ | 16,531 | | | $ | (24,644) | | | $ | (1,063) | | | — | | | Net income | 665 | | | — | | | — | | | 665 | | | — | | | — | | | — | | | Other comprehensive income | 101 | | | — | | | — | | | — | | | — | | | 101 | | | — | | | Dividends ($0.63 per share) | (174) | | | — | | | — | | | (174) | | | — | | | — | | | 1.1 | | | Stock-based compensation plans | (13) | | | — | | | (44) | | | — | | | 31 | | | — | | | (2.8) | | | Purchase of treasury stock | (755) | | | — | | | — | | | — | | | (755) | | | — | | | 275.0 | | | Balance as of March 31, 2025 | $ | (3,168) | | | $ | 5 | | | $ | 6,135 | | | $ | 17,022 | | | $ | (25,368) | | | $ | (962) | | | — | | | Net income | 763 | | | — | | | — | | | 763 | | | — | | | — | | | — | | | Other comprehensive income | 288 | | | — | | | — | | | — | | | — | | | 288 | | | — | | | Dividends ($0.67 per share) | (183) | | | — | | | — | | | (183) | | | — | | | — | | | (0.1) | | | Stock-based compensation plans | 58 | | | — | | | 58 | | | — | | | — | | | — | | | (2.8) | | | Purchase of treasury stock | (722) | | | — | | | — | | | — | | | (722) | | | — | | | 272.1 | | | Balance as of June 30, 2025 | $ | (2,964) | | | $ | 5 | | | $ | 6,193 | | | $ | 17,602 | | | $ | (26,090) | | | $ | (674) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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