v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current Assets    
Cash and cash equivalents $ 399 $ 1,495
Accounts receivable - net of allowance for doubtful accounts of $6 and $1, respectively 911 333
Inventories 840 316
Other current assets 239 89
Total Current Assets 2,389 2,233
Property, plant and equipment, net 1,660 862
Intangible assets, net 1,607 794
Goodwill 2,812 2,075
Other non-current assets 249 118
TOTAL ASSETS 8,717 6,082
Current Liabilities    
Accounts payable 806 190
Product warranty liability 65 34
Current portion of long-term debt 20 5
Deferred revenue 73 34
Other current liabilities 358 197
Total Current Liabilities 1,322 460
Product warranty liability 63 50
Deferred revenue 105 103
Long-term debt 4,094 2,885
Deferred income taxes 839 557
Other non-current liabilities 315 160
TOTAL LIABILITIES 6,738 4,215
Commitments and contingencies (see Note Q)
STOCKHOLDERS’ EQUITY    
Preferred stock, $0.01 par value, 100,000,000 shares authorized, none issued and outstanding 0 0
Paid in capital 1,973 1,960
Retained earnings (accumulated deficit) 139 (38)
Accumulated other comprehensive loss, net of tax (134) (56)
TOTAL STOCKHOLDERS’ EQUITY 1,979 1,867
TOTAL LIABILITIES & STOCKHOLDERS’ EQUITY 8,717 6,082
Voting Common Stock    
STOCKHOLDERS’ EQUITY    
Common stock 1 1
Non-voting Common Stock    
STOCKHOLDERS’ EQUITY    
Common stock $ 0 $ 0