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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 1,495 $ 781
Accounts receivable net of allowance for doubtful accounts of $1 333 360
Inventories 316 315
Other current assets 89 82
Total Current Assets 2,233 1,538
Marketable securities 24 11
Property, plant and equipment, net 862 803
Intangible assets, net 794 822
Goodwill 2,075 2,075
Other non-current assets 94 87
TOTAL ASSETS 6,082 5,336
Current Liabilities    
Accounts payable 190 212
Product warranty liability 34 31
Current portion of long-term debt 5 5
Deferred revenue 34 41
Other current liabilities 197 217
Total Current Liabilities 460 506
Product warranty liability 50 36
Deferred revenue 103 95
Long-term debt 2,885 2,395
Deferred income taxes 557 501
Other non-current liabilities 160 152
TOTAL LIABILITIES 4,215 3,685
Commitments and Contingencies
STOCKHOLDERS’ EQUITY    
Preferred stock, $0.01 par value, 100,000,000 shares authorized, none issued and outstanding 0 0
Paid in capital 1,960 1,940
Accumulated deficit (38) (239)
Accumulated other comprehensive loss, net of tax (56) (51)
TOTAL STOCKHOLDERS’ EQUITY 1,867 1,651
TOTAL LIABILITIES & STOCKHOLDERS’ EQUITY 6,082 5,336
Voting Common Stock    
STOCKHOLDERS’ EQUITY    
Common stock 1 1
Non-voting Common Stock    
STOCKHOLDERS’ EQUITY    
Common stock $ 0 $ 0