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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Net revenues $ 2,254 $ 1,990 $ 4,236 $ 3,709
Cost of revenues 1,551 1,375 2,913 2,552
Gross profit 703 615 1,323 1,157
Selling, general, and administrative expenses 528 472 1,045 930
Operating income 175 143 278 227
Interest expense, net 36 37 66 75
Investment expense (income) and other, net 1 (2) 3 (2)
Other expense, net 37 35 69 73
Income before income taxes 138 108 209 154
Income tax provision 39 31 53 42
Net income 99 77 156 112
Net income attributable to common shareholders:        
Net income attributable to common shareholders $ 89 $ 69 $ 140 $ 100
Net income per common share:        
Basic (in dollars per share) $ 0.21 $ 0.17 $ 0.32 $ 0.24
Diluted (in dollars per share) $ 0.20 $ 0.16 $ 0.32 $ 0.24
Weighted average shares outstanding:        
Basic (in shares) 432,738,694 415,269,213 432,114,533 415,560,022
Diluted (in shares) 436,896,510 427,649,550 435,988,487 422,271,774
Series A Preferred Stock        
Net income attributable to common shareholders:        
Income allocable to Series A Preferred Stock $ (10) $ (8) $ (16) $ (12)