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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating activities:    
Net (loss) income $ 28 $ (120)
Adjustments to reconcile net income (loss) to net cash from operating activities:    
Depreciation and amortization 132 138
Deferred tax charge 18 29
Equity-based compensation 58 58
Allowance for credit losses 4 7
Loss on early extinguishment of debt 2 38
Fair value movement on earnout derivative liabilities (80) 14
Other, net 17 14
Changes in working capital:    
Accounts receivable (129) 24
Prepaid expenses and other current assets (15) (26)
Due from affiliates (8) (4)
Due to affiliates (3) (11)
Accounts payable, accrued expenses and other current liabilities 146 66
Defined benefit pension funding (20) (20)
Proceeds from termination of interest rate swap contracts 31 0
Net cash from operating activities 181 207
Investing activities:    
Business acquisition, net of cash and restricted cash acquired (138) 0
Purchase of property and equipment (90) (75)
Proceeds from foreign exchange forward contracts 27 0
Other 0 5
Net cash used in investing activities (201) (70)
Financing activities:    
Proceeds from senior secured term loans 99 1,397
Repayment of senior secured term loans (110) (1,372)
Repurchase of common shares (34) (55)
Contributions for ESPP and proceeds from exercise of stock options 8 27
Payment of taxes withheld on vesting of equity awards (42) (22)
Payment of debt financing costs 0 (25)
Prepayment penalty and other costs related to early extinguishment of debt 0 (26)
Other (2) (3)
Net cash used in financing activities (81) (79)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 21 3
Net (decrease) increase in cash, cash equivalents and restricted cash (80) 61
Cash, cash equivalents and restricted cash, beginning of period 561 489
Cash, cash equivalents and restricted cash, end of period 481 550
Supplemental cash flow information:    
Cash paid for income taxes, net 45 13
Cash paid for interest (net of interest received) 71 75
Non-cash additions for operating lease right-of-use assets 3 26
Non-cash additions for finance lease 1 5
Issuance of common shares pursuant to the CWT acquisition 408 0
Cash, cash equivalents and restricted cash consist of:    
Cash and cash equivalents 427  
Cash and cash equivalents (included within held for sale assets - see notes 3 and 5) 5  
Restricted cash (included in other non-current assets) 49  
Cash, cash equivalents and restricted cash $ 481 $ 550