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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 25 $ 35
Accounts receivable, net of $15 and $13 in allowances, respectively 1,104 1,227
Other current assets 72 77
Total current assets 1,201 1,339
Property and equipment, net of $365 and $317 in accumulated depreciation, respectively 137 135
Operating lease assets 254 276
Goodwill 1,123 1,123
Identifiable intangible assets, net of $153 and $146 in accumulated amortization, respectively 463 499
Other long-term assets 23 42
Total long-term assets 2,000 2,075
Total assets 3,201 3,414
Current liabilities    
Accounts payable 481 568
Accrued expenses 321 373
Short-term debt and current maturities of long-term debt 16 17
Short-term operating lease liabilities 77 81
Other current liabilities 12 26
Total current liabilities 907 1,065
Long-term debt and obligations under finance leases 387 351
Deferred tax liabilities 54 88
Long-term operating lease liabilities 202 215
Other long-term liabilities 71 83
Total long-term liabilities 714 737
Commitments and Contingencies (Note 11)
Equity    
Preferred stock, $0.01 par value; 10,000 shares authorized; 0 shares issued and outstanding as of September 30, 2025 and December 31, 2024 0 0
Common stock, $0.01 par value; 300,000 shares authorized; 164,103 and 162,517 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively 2 2
Additional paid-in capital 1,922 1,904
Accumulated deficit (338) (284)
Accumulated other comprehensive loss (6) (10)
Total equity 1,580 1,612
Total liabilities and equity $ 3,201 $ 3,414
Common stock, shares outstanding (in shares) 164,103,000 162,517,000
Common stock, shares issued (in shares) 164,103,000 162,517,000