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Unaudited Condensed Consolidated Statements of Changes in Stockholders' Equity - USD ($)
$ in Millions
Total
Class B Common Stock
Common Stock
Additional Paid-in Capital
Stockholder Note Receivable - Related Party
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Treasury Stock
Beginning balance at Dec. 31, 2023 $ 871     $ 1,493   $ 271 $ (71) $ (822)
Beginning balance, shares at Dec. 31, 2023   12,799,999 149,775,361          
Beginning balance, shares at Dec. 31, 2023               (24,893,867)
Net Income (Loss) (35)         (35)    
Other comprehensive income (loss), net of tax (7)           (7)  
Issuance of common stock related to exercises of options and vesting of RSUs, shares     2,252,067          
Repurchase of common stock under share repurchase program, shares (Note 10)               (1,366,385)
Repurchase of common stock under share repurchase program, value (Note 10) (25)             $ (25)
Withholding taxes on net share settlements of equity awards (14)     (14)        
Stock-based compensation 67     67        
Ending balance at Jun. 30, 2024 857     1,546   236 (78) $ (847)
Ending balance, shares at Jun. 30, 2024   12,799,999 152,027,428          
Ending balance, shares at Jun. 30, 2024               (26,260,252)
Beginning balance at Mar. 31, 2024 825     1,513   212 (78) $ (822)
Beginning balance, shares at Mar. 31, 2024   12,799,999 151,237,501          
Beginning balance, shares at Mar. 31, 2024               (24,893,867)
Net Income (Loss) $ 24         24    
Issuance of common stock related to exercises of options and vesting of RSUs, shares     789,927          
Repurchase of common stock under share repurchase program, shares (Note 10) (1,400,000)             (1,366,385)
Repurchase of common stock under share repurchase program, value (Note 10) $ (25)             $ (25)
Withholding taxes on net share settlements of equity awards (4)     (4)        
Stock-based compensation 37     37        
Ending balance at Jun. 30, 2024 857     1,546   236 (78) $ (847)
Ending balance, shares at Jun. 30, 2024   12,799,999 152,027,428          
Ending balance, shares at Jun. 30, 2024               (26,260,252)
Beginning balance at Dec. 31, 2024 $ 943     1,605   276 (91) $ (847)
Beginning balance, shares at Dec. 31, 2024 127,394,786 12,799,999 153,655,038          
Beginning balance, shares at Dec. 31, 2024 26,260,252             (26,260,252)
Net Income (Loss) $ 25         25    
Other comprehensive income (loss), net of tax 45           45  
Stockholder note receivable - related party (Note 1) (327)       $ (327)      
Repurchase of common stock related to Merger, net of issuance of common stock as Merger consideration, value (Note 1) 71     39 327     $ (437)
Repurchase of common stock related to Merger, net of issuance of common stock as Merger consideration, shares (Note 1)     3,037,959         (26,823,683)
Retirement of treasury shares, treasury stock value (Note 10)       (1,284)       $ 1,284
Retirement of treasury shares, share (Note 10)   (12,799,999) (40,283,936)          
Retirement of treasury shares, share (Note 10)               53,083,935
Issuance of common stock related to exercises of options and vesting of RSUs, shares     2,449,266          
Repurchase of common stock under share repurchase program, shares (Note 10)               (2,808,080)
Repurchase of common stock under share repurchase program, value (Note 10) (40)             $ (40)
Withholding taxes on net share settlements of equity awards (12)     (12)        
Stock-based compensation 64     64        
Ending balance at Jun. 30, 2025 $ 627     412   301 (46) $ (40)
Ending balance, shares at Jun. 30, 2025 116,050,247 0 118,858,327          
Ending balance, shares at Jun. 30, 2025 2,808,080             (2,808,080)
Beginning balance at Mar. 31, 2025 $ 643     1,627 (327) 265 (75) $ (847)
Beginning balance, shares at Mar. 31, 2025   12,799,999 155,266,930          
Beginning balance, shares at Mar. 31, 2025               (26,260,252)
Net Income (Loss) 36         36    
Other comprehensive income (loss), net of tax 29           29  
Repurchase of common stock related to Merger, net of issuance of common stock as Merger consideration, value (Note 1) $ 71     39 $ 327     $ (437)
Repurchase of common stock related to Merger, net of issuance of common stock as Merger consideration, shares (Note 1)     3,037,959         (26,823,683)
Retirement of treasury shares, treasury stock value (Note 10)       (1,284)       $ 1,284
Retirement of treasury shares, share (Note 10)   (12,799,999) (40,283,936)          
Retirement of treasury shares, share (Note 10)               53,083,935
Issuance of common stock related to exercises of options and vesting of RSUs, shares     837,374          
Repurchase of common stock under share repurchase program, shares (Note 10) (2,800,000)             (2,808,080)
Repurchase of common stock under share repurchase program, value (Note 10) $ (40)             $ (40)
Withholding taxes on net share settlements of equity awards (3)     (3)        
Stock-based compensation 33     33        
Ending balance at Jun. 30, 2025 $ 627     $ 412   $ 301 $ (46) $ (40)
Ending balance, shares at Jun. 30, 2025 116,050,247 0 118,858,327          
Ending balance, shares at Jun. 30, 2025 2,808,080             (2,808,080)