v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 15 $ 17
Accounts receivable, net of $15 and $16 in allowances, respectively 1,444 1,226
Other current assets 97 74
Total current assets 1,556 1,317
Property and equipment, net of $412 and $381 in accumulated depreciation, respectively 126 134
Operating lease assets 205 238
Goodwill 1,111 1,111
Identifiable intangible assets, net of $184 and $164 in accumulated amortization, respectively 432 453
Other long-term assets 29 24
Total long-term assets 1,903 1,960
Total assets 3,459 3,277
Current liabilities    
Accounts payable 713 539
Accrued expenses 404 397
Short-term debt and current maturities of long-term debt 36 17
Short-term operating lease liabilities 66 75
Other current liabilities 8 10
Total current liabilities 1,227 1,038
Long-term debt and obligations under finance leases 459 387
Deferred tax liabilities 35 51
Long-term operating lease liabilities 167 191
Other long-term liabilities 65 69
Total long-term liabilities 726 698
Commitments and Contingencies (Note 9)
Equity    
Preferred stock, $0.01 par value; 10,000 shares authorized; 0 shares issued and outstanding as of June 30, 2026 and December 31, 2025 0 0
Common stock, $0.01 par value; 300,000 shares authorized; 164,920 and 164,160 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 2 2
Additional paid-in capital 1,940 1,929
Accumulated deficit (429) (384)
Accumulated other comprehensive loss (7) (6)
Total equity 1,506 1,541
Total liabilities and equity $ 3,459 $ 3,277
Common stock, shares outstanding (in shares) 164,920,000 164,160,000
Common stock, shares issued (in shares) 164,920,000 164,160,000