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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 321 $ 425
Restricted cash 95 90
Receivables, net of allowance for credit losses of $37 and $38, respectively 575 506
Inventories 186 177
Prepaid expenses, deposits and other current assets 112 113
Total current assets 1,289 1,311
Non-current assets:    
Restricted cash 6 6
Receivables, net of allowance for credit losses of $7 and $3, respectively 60 37
Property and equipment, net 269 236
Operating lease right-of-use assets 45 52
Goodwill 2,925 2,945
Intangible assets, net 529 605
Software, net 162 158
Deferred income taxes 180 142
Other assets 73 60
Total assets 5,538 5,552
Current liabilities:    
Current portion of long-term debt 22 22
Accounts payable 277 241
Accrued liabilities 362 404
Income taxes payable 35 29
Total current liabilities 696 696
Deferred income taxes 19 20
Operating lease liabilities 31 39
Other long-term liabilities 157 180
Long-term debt, excluding current portion 3,849 3,852
Total liabilities 4,752 4,787
Commitments and contingencies (Note 15)
Stockholders’ equity:    
Common stock, par value $0.001 per share, 199 shares authorized; 117 and 116 shares issued, respectively, and 89 and 90 shares outstanding, respectively 1 1
Additional paid-in capital 1,175 1,118
Retained earnings 844 680
Treasury stock, at cost, 28 and 26 shares, respectively (927) (751)
Accumulated other comprehensive loss (307) (283)
Total stockholders’ equity 786 765
Total liabilities and stockholders’ equity $ 5,538 $ 5,552