v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 2,774 $ 2,362
Accounts receivable, net 1,782 1,145
Inventories, net 2,072 1,497
Vendor rebates receivable 531 427
Income tax receivable 45 31
Prepaid expenses and other current assets 3,144 84
Total current assets 10,348 5,546
Property and equipment, net 825 689
Goodwill 6,211 5,111
Intangibles, net 4,402 3,819
Operating lease right-of-use assets, net 824 690
Other assets, net 55 32
Total assets 22,665 15,887
Current liabilities:    
Accounts payable 1,505 819
Accrued expenses 821 574
Current portion of operating lease liabilities 136 108
Current portion of finance lease liabilities 53 49
Total current liabilities 2,515 1,550
Borrowings under revolving lines of credit 11 0
Long-term debt, net 6,029 3,057
Deferred income tax liabilities, net 929 847
Operating lease liabilities 678 562
Finance lease liabilities 130 139
Other long-term liabilities 34 25
Total liabilities 10,326 6,180
Commitments and contingencies (Note 11)
Stockholders’ equity:    
Common stock, $0.00001 par value per share; authorized 2,000.0 shares; 725.4 and 674.5 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 0 0
Additional paid-in capital 10,079 9,047
Retained earnings (accumulated deficit) (761) (395)
Accumulated other comprehensive income (loss) 3 (2)
Total stockholders’ equity 10,378 9,707
Total liabilities, mezzanine equity and stockholders’ equity 22,665 15,887
Series C Preferred Stock    
Mezzanine Equity [Abstract]    
Series C Preferred Stock, $0.001 par value per share; 0.2 shares and 0.0 shares authorized, issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 1,961 0
Mandatory Convertible Preferred Stock    
Stockholders’ equity:    
Preferred stock 558 558
Convertible Preferred Stock    
Stockholders’ equity:    
Preferred stock $ 499 $ 499