v3.26.3
UNAUDITED CONDENSED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 351 $ 38
Accounts receivable, net of allowance for doubtful accounts 226 211
Prepaid and other current assets 44 32
Total current assets 621 281
Property and equipment, net of accumulated depreciation 25 19
Right of use assets 75 16
Goodwill 8,845 8,845
Other intangible assets, net 3,566 3,789
Other non-current assets 65 45
Total assets 13,197 12,995
Current liabilities:    
Accounts payable 73 56
Due to related parties – current $ 0 $ 19
Notes Payable, Current, Related Party [Extensible Enumeration] Related Party Related Party
Accrued compensation $ 56 $ 64
Unearned revenue 87 78
Other current liabilities 106 45
Total current liabilities 322 262
Long-term debt 1,981 0
Operating lease liabilities 73 11
Deferred tax liability, net 989 1,006
Due to related parties – non-current $ 0 $ 230
Notes Payable, Noncurrent, Related Party [Extensible Enumeration] Related Party Related Party
Other non-current liabilities $ 5 $ 1
Total liabilities 3,370 1,510
Commitments and Contingencies (Note 10)
Equity:    
Common stock - $0.01 par value - Authorized XX,000,000, YY,000,000 and ZZZ shares outstanding as of September 30, 2026 and December 31, 2025, respectively. 3 0
Additional paid-in capital 9,777 0
Retained earnings 24 0
Former Parent investment 0 11,489
Accumulated other comprehensive income (loss) 23 (4)
Total equity 9,827 11,485
Total liabilities and equity $ 13,197 $ 12,995