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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 778 $ 781
Accounts receivable - net of allowance for doubtful accounts of $1 375 360
Inventories 341 315
Other current assets 93 82
Total Current Assets 1,587 1,538
Marketable securities 19 11
Property, plant and equipment, net 814 803
Intangible assets, net 818 822
Goodwill 2,076 2,075
Other non-current assets 97 87
TOTAL ASSETS 5,411 5,336
Current Liabilities    
Accounts payable 231 212
Product warranty liability 32 31
Current portion of long-term debt 5 5
Deferred revenue 36 41
Other current liabilities 168 217
Total Current Liabilities 472 506
Product warranty liability 47 36
Deferred revenue 100 95
Long-term debt 2,394 2,395
Deferred income taxes 496 501
Other non-current liabilities 149 152
TOTAL LIABILITIES 3,658 3,685
Commitments and contingencies (see Note P)
STOCKHOLDERS’ EQUITY    
Preferred stock, $0.01 par value, 100,000,000 shares authorized, none issued and outstanding 0 0
Paid in capital 1,946 1,940
Accumulated deficit (157) (239)
Accumulated other comprehensive loss, net of tax (37) (51)
TOTAL STOCKHOLDERS’ EQUITY 1,753 1,651
TOTAL LIABILITIES & STOCKHOLDERS’ EQUITY 5,411 5,336
Voting Common Stock    
STOCKHOLDERS’ EQUITY    
Common stock 1 1
Non-voting Common Stock    
STOCKHOLDERS’ EQUITY    
Common stock $ 0 $ 0