v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($)
$ in Millions
Total
Common Stock
Additional Paid-in Capital
(Accumulated Deficit) Retained Earnings
Accumulated Other Comprehensive Loss
Beginning balance at May. 31, 2025   $ 0 $ 0 $ 2,400 $ (7)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income $ 113        
Ending balance at Jun. 30, 2025   0 0 1,736 (6)
Beginning balance at May. 31, 2025   0 0 2,400 (7)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income 404     404  
Foreign currency translation adjustments         1
Net transfers from (to) Parent [1]       (1,057)  
Ending balance at Sep. 30, 2025 1,741 0 0 1,747 (6)
Beginning balance at Jun. 30, 2025   0 0 1,736 (6)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income 291     291  
Net transfers from (to) Parent [1]       (280)  
Ending balance at Sep. 30, 2025 1,741 0 0 1,747 (6)
Beginning balance at May. 31, 2026 (497) 15 0 (509) (3)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income 83        
Ending balance at Jun. 30, 2026   15 8 (427) (5)
Beginning balance at May. 31, 2026 (497) 15 0 (509) (3)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income 230     230  
Foreign currency translation adjustments         (3)
Net transfers from (to) Parent [1]     (5) (1)  
Employee incentive plans and other [2]     24    
Ending balance at Sep. 30, 2026 (252) 15 19 (280) (6)
Beginning balance at Jun. 30, 2026   15 8 (427) (5)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income 147     147  
Foreign currency translation adjustments         (1)
Employee incentive plans and other [2]     11    
Ending balance at Sep. 30, 2026 $ (252) $ 15 $ 19 $ (280) $ (6)
[1] Refer to Note 12, Related Party Transactions, for additional information on Net transfers from (to) Parent.
[2] Shares issued under employee incentive plans totaled 7,630 and 15,671 shares during the three- and four-month periods ended September 30, 2026, respectively. No shares were issued under employee incentive plans during the three- and four-month periods ended September 30, 2025.