v3.26.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 305 $ 195
Accounts receivable, net of allowances of $3 (2026) and $4 (2025) 273 253
Inventories 149 153
Prepaid expenses 21 34
Current tax receivable 13 2
Other current assets 40 16
Total current assets 800 652
Long-term investments 27 28
Property, plant and equipment, net 175 144
Operating lease right of use assets, net 12 26
Goodwill and other intangible assets, net 2 2
Deferred tax assets 288 323
Other noncurrent assets 27 27
Total assets 1,332 1,201
Current liabilities    
Accrued rebates and product returns 548 582
Accounts payable and accrued expenses 181 250
Accrued litigation settlement expenses, current 14 42
Current portion of long-term debt 488 29
Operating lease liabilities, current 7 10
Income taxes payable 63 2
Total current liabilities 1,301 914
Long-term debt, less current portion 0 290
Accrued litigation settlement expenses, noncurrent 42 52
Operating lease liabilities, noncurrent 6 22
Other noncurrent liabilities 42 21
Total liabilities 1,392 1,300
Commitments and contingencies (Note 13)
Stockholders' deficit    
Common stock, par value $0.001 per share (2026) and $0.50 per share (2025). Issued shares: 118 (2026) and 125 (2025) 0 62
Additional paid-in capital 163 112
Accumulated other comprehensive loss (26) (30)
Accumulated deficit (197) (243)
Total stockholders' deficit (60) (98)
Total liabilities and stockholders' deficit $ 1,332 $ 1,201