XML 31 R4.htm IDEA: XBRL DOCUMENT v3.26.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Net revenues $ 1,982 $ 1,719
Cost of revenues 1,362 1,177
Gross profit 620 542
Selling, general, and administrative expenses 517 458
Operating income 103 84
Interest expense, net 30 38
Investment expense and other, net 2 0
Other expense, net 32 38
Income before income taxes 71 46
Income tax provision 14 11
Net income 57 35
Net income attributable to common shareholders:    
Net income attributable to common shareholders $ 51 $ 31
Net income per common share:    
Basic (in dollars per share) $ 0.12 $ 0.07
Diluted (in dollars per share) $ 0.12 $ 0.07
Weighted average shares outstanding:    
Basic (in shares) 431,490,373 415,850,831
Diluted (in shares) 435,080,464 417,415,581
Series A Preferred Stock    
Net income attributable to common shareholders:    
Income allocable to Series A Preferred Stock $ (6) $ (4)