CONSOLIDATED INTERIM STATEMENTS OF EQUITY (DEFICIT) (UNAUDITED) - USD ($)
$ in Millions |
Total |
Common Stock |
Treasury Stock |
Additional Paid-in Capital |
Retained Deficit |
Accumulated Other Comprehensive (Loss) / Income |
| Common stock, beginning balance (in shares) at Dec. 31, 2024 |
[1] |
|
241,000,000
|
|
|
|
|
|
| Beginning balance at Dec. 31, 2024 |
|
$ (673)
|
$ 0
|
|
$ (306)
|
$ 1,213
|
$ (1,653)
|
$ 73
|
| Treasury stock, beginning balance (in shares) at Dec. 31, 2024 |
|
|
|
|
35,000,000
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
| Net income |
|
62
|
|
|
|
|
62
|
|
| Share repurchases (in shares) |
|
|
|
|
3,000,000
|
|
|
|
| Share repurchases |
|
(30)
|
|
|
$ (30)
|
|
|
|
| Excise tax on share repurchases |
|
0
|
|
|
|
|
|
|
| Shares issued under stock plan, net of shares withheld for employee taxes (in shares) |
[1] |
|
1,000,000
|
|
|
|
|
|
| Shares issued under stock plan, net of shares withheld for employee taxes |
|
(3)
|
|
|
(3)
|
|
|
|
| Other comprehensive income/(loss), net of tax |
|
(62)
|
|
|
|
|
|
(62)
|
| Stock-based compensation |
|
6
|
|
|
|
6
|
|
|
| Common stock, ending balance (in shares) at Mar. 31, 2025 |
[1] |
|
242,000,000
|
|
|
|
|
|
| Ending balance at Mar. 31, 2025 |
|
(700)
|
$ 0
|
|
$ (339)
|
1,219
|
(1,591)
|
11
|
| Treasury stock, ending balance (in shares) at Mar. 31, 2025 |
|
|
|
|
38,000,000
|
|
|
|
| Common stock, beginning balance (in shares) at Dec. 31, 2024 |
[1] |
|
241,000,000
|
|
|
|
|
|
| Beginning balance at Dec. 31, 2024 |
|
(673)
|
$ 0
|
|
$ (306)
|
1,213
|
(1,653)
|
73
|
| Treasury stock, beginning balance (in shares) at Dec. 31, 2024 |
|
|
|
|
35,000,000
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
| Net income |
|
226
|
|
|
|
|
|
|
| Other comprehensive income/(loss), net of tax |
|
(219)
|
|
|
|
|
|
|
| Common stock, ending balance (in shares) at Sep. 30, 2025 |
[1] |
|
242,000,000
|
|
|
|
|
|
| Ending balance at Sep. 30, 2025 |
|
(813)
|
$ 0
|
|
$ (447)
|
1,232
|
(1,452)
|
(146)
|
| Treasury stock, ending balance (in shares) at Sep. 30, 2025 |
|
|
|
|
47,000,000
|
|
|
|
| Common stock, beginning balance (in shares) at Mar. 31, 2025 |
[1] |
|
242,000,000
|
|
|
|
|
|
| Beginning balance at Mar. 31, 2025 |
|
(700)
|
$ 0
|
|
$ (339)
|
1,219
|
(1,591)
|
11
|
| Treasury stock, beginning balance (in shares) at Mar. 31, 2025 |
|
|
|
|
38,000,000
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
| Net income |
|
87
|
|
|
|
|
87
|
|
| Share repurchases (in shares) |
|
|
|
|
3,000,000
|
|
|
|
| Share repurchases |
|
(22)
|
|
|
$ (22)
|
|
|
|
| Excise tax on share repurchases |
|
0
|
|
|
|
|
|
|
| Shares issued under stock plan, net of shares withheld for employee taxes |
|
(1)
|
|
|
(1)
|
|
|
|
| Other comprehensive income/(loss), net of tax |
|
(170)
|
|
|
|
|
|
(170)
|
| Dividends |
|
(13)
|
|
|
|
|
(13)
|
|
| Stock-based compensation |
|
7
|
|
|
|
7
|
|
|
| Common stock, ending balance (in shares) at Jun. 30, 2025 |
[1] |
|
242,000,000
|
|
|
|
|
|
| Ending balance at Jun. 30, 2025 |
|
(812)
|
$ 0
|
|
$ (362)
|
1,226
|
(1,517)
|
(159)
|
| Treasury stock, ending balance (in shares) at Jun. 30, 2025 |
|
|
|
|
41,000,000
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
| Net income |
|
77
|
|
|
|
|
77
|
|
| Share repurchases (in shares) |
|
|
|
|
6,000,000
|
|
|
|
| Share repurchases |
|
(84)
|
|
|
$ (84)
|
|
|
|
| Excise tax on share repurchases |
|
(1)
|
|
|
(1)
|
|
|
|
| Other comprehensive income/(loss), net of tax |
|
13
|
|
|
|
|
|
13
|
| Dividends |
|
(12)
|
|
|
|
|
(12)
|
|
| Stock-based compensation |
|
6
|
|
|
|
6
|
|
|
| Common stock, ending balance (in shares) at Sep. 30, 2025 |
[1] |
|
242,000,000
|
|
|
|
|
|
| Ending balance at Sep. 30, 2025 |
|
(813)
|
$ 0
|
|
$ (447)
|
1,232
|
(1,452)
|
(146)
|
| Treasury stock, ending balance (in shares) at Sep. 30, 2025 |
|
|
|
|
47,000,000
|
|
|
|
| Common stock, beginning balance (in shares) at Dec. 31, 2025 |
[1] |
|
243,000,000
|
|
|
|
|
|
| Beginning balance at Dec. 31, 2025 |
|
$ (802)
|
$ 0
|
|
$ (520)
|
1,240
|
(1,384)
|
(138)
|
| Treasury stock, beginning balance (in shares) at Dec. 31, 2025 |
|
51,993,388
|
|
|
52,000,000
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
| Net income |
|
$ 95
|
|
|
|
|
95
|
|
| Share repurchases (in shares) |
|
|
|
|
4,000,000
|
|
|
|
| Share repurchases |
|
(87)
|
|
|
$ (87)
|
|
|
|
| Excise tax on share repurchases |
|
(1)
|
|
|
$ (1)
|
|
|
|
| Shares issued under stock plan, net of shares withheld for employee taxes (in shares) |
|
|
2,000,000
|
[1] |
1,000,000
|
|
|
|
| Shares issued under stock plan, net of shares withheld for employee taxes |
|
(17)
|
|
|
$ (17)
|
|
|
|
| Other comprehensive income/(loss), net of tax |
|
40
|
|
|
|
|
|
40
|
| Dividends |
|
(16)
|
|
|
|
|
(16)
|
|
| Stock-based compensation |
|
7
|
|
|
|
7
|
|
|
| Common stock, ending balance (in shares) at Mar. 31, 2026 |
[1] |
|
245,000,000
|
|
|
|
|
|
| Ending balance at Mar. 31, 2026 |
|
(781)
|
$ 0
|
|
$ (625)
|
1,247
|
(1,305)
|
(98)
|
| Treasury stock, ending balance (in shares) at Mar. 31, 2026 |
|
|
|
|
57,000,000
|
|
|
|
| Common stock, beginning balance (in shares) at Dec. 31, 2025 |
[1] |
|
243,000,000
|
|
|
|
|
|
| Beginning balance at Dec. 31, 2025 |
|
$ (802)
|
$ 0
|
|
$ (520)
|
1,240
|
(1,384)
|
(138)
|
| Treasury stock, beginning balance (in shares) at Dec. 31, 2025 |
|
51,993,388
|
|
|
52,000,000
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
| Net income |
|
$ 293
|
|
|
|
|
|
|
| Other comprehensive income/(loss), net of tax |
|
111
|
|
|
|
|
|
|
| Common stock, ending balance (in shares) at Sep. 30, 2026 |
[1] |
|
245,000,000
|
|
|
|
|
|
| Ending balance at Sep. 30, 2026 |
|
$ (618)
|
$ 0
|
|
$ (714)
|
1,261
|
(1,138)
|
(27)
|
| Treasury stock, ending balance (in shares) at Sep. 30, 2026 |
|
60,222,446
|
|
|
60,000,000
|
|
|
|
| Common stock, beginning balance (in shares) at Mar. 31, 2026 |
[1] |
|
245,000,000
|
|
|
|
|
|
| Beginning balance at Mar. 31, 2026 |
|
$ (781)
|
$ 0
|
|
$ (625)
|
1,247
|
(1,305)
|
(98)
|
| Treasury stock, beginning balance (in shares) at Mar. 31, 2026 |
|
|
|
|
57,000,000
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
| Net income |
|
101
|
|
|
|
|
101
|
|
| Share repurchases (in shares) |
|
|
|
|
1,000,000
|
|
|
|
| Share repurchases |
|
(28)
|
|
|
$ (28)
|
|
|
|
| Excise tax on share repurchases |
|
1
|
|
|
1
|
|
|
|
| Shares issued under stock plan, net of shares withheld for employee taxes |
|
(3)
|
|
|
(3)
|
|
|
|
| Other comprehensive income/(loss), net of tax |
|
44
|
|
|
|
|
|
44
|
| Dividends |
|
(16)
|
|
|
|
|
(16)
|
|
| Stock-based compensation |
|
7
|
|
|
|
7
|
|
|
| Common stock, ending balance (in shares) at Jun. 30, 2026 |
[1] |
|
245,000,000
|
|
|
|
|
|
| Ending balance at Jun. 30, 2026 |
|
(675)
|
$ 0
|
|
$ (655)
|
1,254
|
(1,220)
|
(54)
|
| Treasury stock, ending balance (in shares) at Jun. 30, 2026 |
|
|
|
|
58,000,000
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
|
| Net income |
|
97
|
|
|
|
|
97
|
|
| Share repurchases (in shares) |
|
|
|
|
2,000,000
|
|
|
|
| Share repurchases |
|
(57)
|
|
|
$ (57)
|
|
|
|
| Excise tax on share repurchases |
|
(1)
|
|
|
(1)
|
|
|
|
| Shares issued under stock plan, net of shares withheld for employee taxes |
|
(1)
|
|
|
(1)
|
|
|
|
| Other comprehensive income/(loss), net of tax |
|
27
|
|
|
|
|
|
27
|
| Dividends |
|
(15)
|
|
|
|
|
(15)
|
|
| Stock-based compensation |
|
7
|
|
|
|
7
|
|
|
| Common stock, ending balance (in shares) at Sep. 30, 2026 |
[1] |
|
245,000,000
|
|
|
|
|
|
| Ending balance at Sep. 30, 2026 |
|
$ (618)
|
$ 0
|
|
$ (714)
|
$ 1,261
|
$ (1,138)
|
$ (27)
|
| Treasury stock, ending balance (in shares) at Sep. 30, 2026 |
|
60,222,446
|
|
|
60,000,000
|
|
|
|
|
|