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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 347 $ 425
Restricted cash 54 90
Receivables, net of allowance for credit losses of $34 and $38, respectively 580 506
Inventories 183 177
Prepaid expenses, deposits and other current assets 115 113
Total current assets 1,279 1,311
Non-current assets:    
Restricted cash 6 6
Receivables, net of allowance for credit losses of $7 and $3, respectively 93 37
Property and equipment, net 281 236
Operating lease right-of-use assets 47 52
Goodwill 2,954 2,945
Intangible assets, net 494 605
Software, net 168 158
Deferred income taxes 215 142
Other assets 59 60
Total assets 5,596 5,552
Current liabilities:    
Current portion of long-term debt 23 22
Accounts payable 200 241
Accrued liabilities 429 404
Income taxes payable 28 29
Total current liabilities 680 696
Deferred income taxes 20 20
Operating lease liabilities 33 39
Other long-term liabilities 155 180
Long-term debt, excluding current portion 3,850 3,852
Total liabilities 4,738 4,787
Commitments and contingencies (Note 15)
Stockholders’ equity:    
Common stock, par value $0.001 per share, 199 shares authorized; 118 and 116 shares issued, respectively, and 89 and 90 shares outstanding, respectively 1 1
Additional paid-in capital 1,182 1,118
Retained earnings 908 680
Treasury stock, at cost, 29 and 26 shares, respectively (972) (751)
Accumulated other comprehensive loss (261) (283)
Total stockholders’ equity 858 765
Total liabilities and stockholders’ equity $ 5,596 $ 5,552