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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 196 $ 425
Restricted cash 110 90
Receivables, net of allowance for credit losses of $35 and $38, respectively 585 506
Inventories 158 177
Prepaid expenses, deposits and other current assets 134 113
Total current assets 1,183 1,311
Non-current assets:    
Restricted cash 6 6
Receivables, net of allowance for credit losses of $5 and $3, respectively 97 37
Property and equipment, net 286 236
Operating lease right-of-use assets 44 52
Goodwill 2,890 2,945
Intangible assets, net 454 605
Software, net 161 158
Deferred income taxes 229 142
Other assets 71 60
Total assets 5,421 5,552
Current liabilities:    
Current portion of long-term debt 23 22
Accounts payable 216 241
Accrued liabilities 447 404
Income taxes payable 49 29
Total current liabilities 735 696
Deferred income taxes 12 20
Operating lease liabilities 31 39
Other long-term liabilities 160 180
Long-term debt, excluding current portion 3,847 3,852
Total liabilities 4,785 4,787
Commitments and contingencies (Note 19)
Stockholders’ equity:    
Common stock, par value $0.001 per share, 199 shares authorized, 117 and 116 shares issued, respectively, and 86 and 90 shares outstanding, respectively 1 1
Additional paid-in capital 1,200 1,118
Retained earnings 1,016 680
Treasury stock, at cost, 31 and 26 shares, respectively (1,216) (751)
Accumulated other comprehensive loss (365) (283)
Total stockholders’ equity 636 765
Total liabilities and stockholders’ equity $ 5,421 $ 5,552