XML 28 R2.htm IDEA: XBRL DOCUMENT v3.25.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue:        
Total revenue $ 809 $ 818 $ 1,582 $ 1,575
Operating expenses:        
Cost of revenue 219 [1] 236 [2] 430 [3] 456 [4]
Selling, general and administrative 208 220 425 438
Research and development 64 66 129 128
Depreciation, amortization and impairments 99 87 190 173
Restructuring and other 17 34 37 40
Operating income 202 175 371 340
Other (expense) income:        
Interest expense (77) (75) (146) (150)
Loss on debt financing transactions 0 0 (1) 0
Other (expense) income, net (1) 8 4 18
Total other expense, net (78) (67) (143) (132)
Net income before income taxes 124 108 228 208
Income tax expense (29) (26) (51) (44)
Net income $ 95 $ 82 $ 177 $ 164
Basic and diluted net income per share:        
Basic $ 1.12 $ 0.92 $ 2.09 $ 1.83
Diluted $ 1.11 $ 0.90 $ 2.05 $ 1.78
Weighted average number of shares used in per share calculations:        
Basic shares 84 90 85 90
Diluted shares 86 92 86 92
Services        
Revenue:        
Total revenue $ 566 $ 526 $ 1,092 $ 1,044
Operating expenses:        
Cost of revenue [5] 113 111 224 223
Products        
Revenue:        
Total revenue 243 292 490 531
Operating expenses:        
Cost of revenue [5] $ 106 $ 125 $ 206 $ 233
[1] (2) Excludes D&A.
[2]
(5) AEBITDA is described in footnote (5) to the first table in this Note 3.
[3] (2) Excludes D&A.
[4] (2) Excludes D&A.
[5] (1) Excludes D&A.