v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 1,367 $ 1,972
Trade and other receivables, net of allowance for credit losses of $65 million and $79 million, respectively 694 1,040
Inventories 949 972
Other current assets 678 239
Total current assets 3,688 4,223
Property and equipment, net of accumulated depreciation of $980 million and $974 million, respectively 373 401
Trademarks and Trade Names [Member]    
Goodwill 777 800
Tradenames 1,190 1,190
Intangible assets not subject to amortization, total 1,967 1,990
Intangible assets subject to amortization, net (note 6) 263 336
Operating lease right-of-use assets 553 570
Other assets, at cost, net of accumulated amortization 126 106
Assets held for sale noncurrent (note 9) 17 17
Total assets 6,987 7,643
Current liabilities:    
Accounts payable 439 701
Accrued liabilities 565 801
Current portion of debt, $0 million and $52 million measured at fair value (note 7), respectively 1 5,075
Other current liabilities 94 97
Total current liabilities 1,099 6,674
Long-term debt (note 7) 0 790
Deferred income tax liabilities 970 1,144
Preferred stock (note 8) 0 1,366
Operating lease liabilities 565 580
Other liabilities 85 106
Liabilities Subject to Compromise 8,005 0
Total liabilities 10,724 10,660
Stockholders' equity:    
Additional paid-in capital 142 142
Accumulated other comprehensive earnings (loss), net of taxes (341) 291
Retained earnings (accumulated deficit) (3,620) (3,533)
Total stockholders' equity (deficit) (3,819) (3,100)
Noncontrolling interests in equity of subsidiaries 82 83
Total equity (3,737) (3,017)
Commitments and contingencies (note 9)
Liabilities and Equity 6,987 7,643
Series A common stock    
Stockholders' equity:    
Common stock value 0 0
Series B common stock    
Stockholders' equity:    
Common stock value 0 0
Series C common stock    
Stockholders' equity:    
Common stock value $ 0 $ 0