Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2026

Fair Value Disclosures [Abstract]

Schedule of Fair Value of Assets and Liabilities Measured on Recurring Basis

Assets and liabilities of the Company are measured at fair value on a recurring basis as of June 30, 2026, and are summarized as follows:

			Fair Value Measurements at Reporting Date Using
Description	June 30, 2026		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Cash equivalents
Money market funds	$	145	$	145	$	—	$	—
Time deposits		12		—		12		—
Equity securities		6		6		—		—
Available-for-sale securities:
Group insurance contracts		6		—		6		—
Derivatives
Foreign exchange forward contracts		2		—		2		—
Interest rate swaps - non-current		10		—		10		—
Pension and deferred compensation plan assets		30		—		30		—
Total assets	$	211	$	151	$	60	$	—
Liabilities:
Derivatives
Foreign exchange forward contracts - current	$	1	$	—	$	1	$	—
Total liabilities	$	1	$	—	$	1	$	—
Reported as follows:
Assets:
Cash and cash equivalents(1)	$	157	$	145	$	12	$	—
Other current assets		2		—		2		—
Total current assets	$	159	$	145	$	14	$	—
Other assets	$	52	$	6	$	46	$	—
Liabilities:
Other current liabilities	$	1	$	—	$	1	$	—

(1)The cash and cash equivalents amount presented in the table above does not include cash of $454 as of June 30, 2026.

Assets and liabilities of the Company are measured at fair value on a recurring basis as of December 31, 2025, and are summarized as follows:

			Fair Value Measurements at Reporting Date Using
Description	December 31, 2025		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Cash equivalents
Money market funds	$	246	$	246	$	—	$	—
Time deposits		11		—		11		—
Equity securities		2		2		—		—
Available-for-sale securities:
Group insurance contracts		6		—		6		—
Derivatives
Foreign exchange forward contracts		1		—		1		—
Interest rate swaps - current		1		—		1		—
Interest rate swaps - non-current		5		—		5		—
Pension and deferred compensation plan assets		27		—		27		—
Total assets	$	299	$	248	$	51	$	—
Liabilities:
Derivatives
Foreign exchange forward contracts - current	$	2	$	—	$	2	$	—
Interest rate swaps - current		5		—		5		—
Total liabilities	$	7	$	—	$	7	$	—
Reported as follows:
Assets:
Cash and cash equivalents (1)	$	257	$	246	$	11	$	—
Other current assets		2		—		2		—
Total current assets	$	259	$	246	$	13	$	—
Other assets	$	40	$	2	$	38	$	—
Liabilities:
Other current liabilities	$	7	$	—	$	7	$	—

(1)The cash and cash equivalents amount presented in the table above does not include cash of $418 as of December 31, 2025.

Schedule of Estimated Carrying Value and Fair Value of Company's Debt

The estimated carrying value and fair value of the Company’s debt were as follows:

	June 30, 2026				December 31, 2025
	Carrying Value		Fair Value		Carrying Value		Fair Value
Term Loan Facility	$	1,481	$	1,488	$	2,878	$	2,900
Convertible Notes		1,400		4,133		1,400		1,792
2034 Notes		1,142		1,130		—		—
Total	$	4,023	$	6,751	$	4,278	$	4,692