v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 1,019 $ 1,496
Trade and other receivables, net of allowance for credit losses of $62 million and $76 million, respectively 669 1,016
Inventories 805 832
Other current assets 650 219
Total current assets 3,143 3,563
Property and equipment, net of accumulated depreciation of $908 million and $897 million, respectively 288 316
Goodwill 777 800
Tradenames 1,190 1,190
Intangible assets subject to amortization, net (note 4) 246 315
Operating lease right-of-use assets 450 461
Note receivable - related party (note 1) 0 1,740
Other noncurrent assets 80 54
Assets held for sale noncurrent (note 6) 17 17
Total assets 6,191 8,456
Current liabilities:    
Accounts payable 391 664
Accrued liabilities 538 727
Current debt (note 5) 1 5,023
Other current liabilities 49 52
Total current liabilities 979 6,466
Long-term debt (note 5) 0 1
Deferred Income Tax Liabilities, Net 171 173
Operating lease liabilities 450 460
Other liabilities 69 88
Liabilities subject to compromise (note 2) 5,093 0
Total liabilities 6,762 7,188
Equity:    
Common stock, $0.01 par value, 1 authorized share 0 0
Additional paid-in capital 9,462 11,205
Accumulated deficit (9,804) (9,748)
Accumulated other comprehensive earnings (loss) (303) (262)
Total stockholder's equity (deficit) (645) 1,195
Noncontrolling interest in equity of subsidiary 74 73
Total equity (571) 1,268
Total liabilities and equity $ 6,191 $ 8,456