v3.26.3
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 139 $ 167
Restricted cash 49 94
Accounts Receivable, Net, Current 632 689
Inventories, net 194 169
Prepaid expenses, deposits and other current assets 177 164
Total current assets 1,191 1,283
Non-current assets:    
Restricted cash 4 5
Receivables, net of allowance for credit losses of $3 and $2, respectively 88 96
Property and equipment, net 355 348
Operating lease right-of-use assets 64 43
Goodwill 3,365 3,371
Intangible assets, net 688 808
Software, net 216 191
Deferred income taxes 290 254
Other assets 58 63
Total assets 6,319 6,462
Current liabilities:    
Current portion of long-term debt 64 53
Accounts payable 136 189
Accrued liabilities 418 535
Income taxes payable 85 26
Total current liabilities 703 803
Deferred income taxes 11 11
Operating lease liabilities 51 29
Other long-term liabilities 214 264
Long-term debt, excluding current portion 4,917 5,110
Total liabilities 5,896 6,217
Commitments and contingencies (Note 15)
Stockholders’ equity:    
Common stock, par value $0.001 per share, 199.0 shares authorized; 77.0 and 118.6 shares issued, respectively, and 76.3 and 77.1 shares outstanding, respectively 1 1
Additional paid-in capital 204 1,276
Retained earnings 486 1,292
Treasury stock, at cost, 0.7 and 41.5 shares, respectively(1) [1] (30) (2,101)
Accumulated other comprehensive loss (238) (223)
Total stockholders’ equity 423 245
Total liabilities and stockholders’ equity $ 6,319 $ 6,462
[1]
(1) Shares issued as of September 30, 2026 include 0.7 million of CDIs held in trust by our equity plan administrator, reserved for future issuance upon the vesting or exercise of Company equity awards. Treasury stock, at cost, as of September 30, 2026 reflects these same CDIs held in trust, which are excluded from shares outstanding.