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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 134 $ 196
Restricted cash 128 110
Receivables, net of allowance for credit losses of $34 and $35, respectively 629 585
Inventories 169 158
Prepaid expenses, deposits and other current assets 124 134
Total current assets 1,184 1,183
Non-current assets:    
Restricted cash 5 6
Receivables, net of allowance for credit losses of $5 93 97
Property and equipment, net 291 286
Operating lease right-of-use assets 42 44
Goodwill 2,919 2,890
Intangible assets, net 429 454
Software, net 166 161
Deferred income taxes 256 229
Other assets 70 71
Total assets 5,455 5,421
Current liabilities:    
Current portion of long-term debt 23 23
Accounts payable 244 216
Accrued liabilities 434 447
Income taxes payable 52 49
Total current liabilities 753 735
Deferred income taxes 12 12
Operating lease liabilities 29 31
Other long-term liabilities 157 160
Long-term debt, excluding current portion 3,884 3,847
Total liabilities 4,835 4,785
Commitments and contingencies (Note 15)
Stockholders’ equity:    
Common stock, par value $0.001 per share, 199 shares authorized; 118 and 117 shares issued, respectively, and 85 and 86 shares outstanding, respectively 1 1
Additional paid-in capital 1,226 1,200
Retained earnings 1,098 1,016
Treasury stock, at cost, 33 and 31 shares, respectively (1,383) (1,216)
Accumulated other comprehensive loss (322) (365)
Total stockholders’ equity 620 636
Total liabilities and stockholders’ equity $ 5,455 $ 5,421