v3.26.1
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Net revenues:        
Net revenues $ 1,248 $ 973 $ 2,326 $ 1,910
Cost of revenues:        
Cost of revenues 653 520 1,225 1,013
Gross profit 595 453 1,101 897
Research and development 76 76 157 145
Selling, general and administrative 200 175 389 361
Restructuring and other 6 5 9 21
Legal settlement 0 0 3 0
Fees and expenses related to debt activities 0 0 18 2
Amortization of intangible assets 62 62 125 122
Income from operations 251 135 400 246
Interest income (2) (4) (4) (7)
Interest expense 38 55 83 108
Loss on extinguishment of debt 4 2 9 5
Other (income) expense, net (2) 10 (2) 9
Income before income taxes 213 72 314 131
Provision for income taxes 38 10 56 17
Net income 175 62 258 114
Other comprehensive income (loss), net of tax:        
Changes in value of financial instruments designated as cash flow hedges 2 (9) 7 (25)
Foreign currency translation adjustments 25 190 (9) 245
Change in net investment hedges 6 (40) 55 (60)
Unrecognized pension (loss) gain (3) 0 (1) 4
Total comprehensive income $ 205 $ 203 $ 310 $ 278
Net income per common share:        
Basic $ 2.59 $ 0.92 $ 3.83 $ 1.69
Diluted $ 2.41 $ 0.92 $ 3.6 $ 1.69
Weighted average common shares outstanding:        
Basic 67.6 67.2 67.5 67.3
Diluted 72.7 67.4 71.9 67.5
Products [Member]        
Net revenues:        
Net revenues $ 1,104 $ 848 $ 2,058 $ 1,668
Cost of revenues:        
Cost of revenues 582 463 1,096 900
Services [Member]        
Net revenues:        
Net revenues 144 125 268 242
Cost of revenues:        
Cost of revenues $ 71 $ 57 $ 129 $ 113