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Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Net revenues:      
Net revenues $ 3,622 $ 3,547 $ 2,950
Cost of revenues:      
Cost of revenues 1,980 2,000 1,570
Gross profit 1,642 1,547 1,380
Research and development 288 241 200
Selling, general and administrative 675 488 385
Acquisition and integration costs 16 52 30
Restructuring 20 10 11
Fees and expenses related to repricing of Term Loan Facility 2 0 0
Amortization of intangible assets 295 146 55
Goodwill and intangible asset impairments 1,902 0 0
Gain on sale of long-lived assets (2) (7) 0
(Loss) income from operations (1,554) 617 699
Interest income (17) (4) 0
Interest expense 356 177 25
Loss on extinguishment of debt 8 0 0
Other expense, net 27 11 9
(Loss) income before income taxes (1,928) 433 665
(Benefit) provision for income taxes (87) 100 114
Net (loss) income (1,841) 333 551
Other comprehensive (loss) income, net of tax:      
Changes in value of financial instruments designated as cash flow hedges (24) 50 20
Foreign currency translation adjustments (83) 18 (31)
Change in net investment hedge (25) 0 0
Unrecognized pension (loss) gain (9) 12 0
Unrealized loss on investments (23) 0 0
Total comprehensive (loss) income $ (2,005) $ 413 $ 540
Net (loss) income per share:      
Basic $ (27.54) $ 5.57 $ 9.95
Diluted $ (27.54) $ 5.56 $ 9.9
Weighted average common shares outstanding:      
Basic 66.8 59.7 55.4
Diluted 66.8 59.9 55.7
Products [Member]      
Net revenues:      
Net revenues $ 3,200 $ 3,119 $ 2,579
Cost of revenues:      
Cost of revenues 1,748 1,774 1,371
Services [Member]      
Net revenues:      
Net revenues 422 428 371
Cost of revenues:      
Cost of revenues $ 232 $ 226 $ 199