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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenue:        
Total revenue $ 841 $ 817 $ 2,424 $ 2,391
Operating expenses:        
Cost of revenue 217 [1] 246 [2] 647 [3] 701 [4]
Selling, general and administrative 219 220 644 657
Research and development 62 66 192 194
Depreciation, amortization and impairments 108 90 298 264
Restructuring and other 6 36 43 76
Operating income 229 159 600 500
Other (expense) income:        
Interest expense (84) (73) (229) (223)
Loss on debt financing transactions (4) (2) (5) (2)
Other (expense) income, net (2) (3) 1 14
Total other expense, net (90) (78) (233) (211)
Net income before income taxes 139 81 367 289
Income tax expense (25) (17) (76) (61)
Net income $ 114 $ 64 $ 291 $ 228
Basic and diluted net income per share:        
Basic $ 1.37 $ 0.72 $ 3.45 $ 2.55
Diluted $ 1.34 $ 0.71 $ 3.39 $ 2.49
Weighted average number of shares used in per share calculations:        
Basic shares 84 89 84 90
Diluted shares 85 91 86 92
Services        
Revenue:        
Total revenue $ 601 $ 530 $ 1,694 $ 1,573
Operating expenses:        
Cost of revenue [5] 112 112 336 334
Products        
Revenue:        
Total revenue 240 287 730 818
Operating expenses:        
Cost of revenue [5] $ 105 $ 134 $ 311 $ 366
[1] (2) Excludes D&A.
[2] (2) Excludes D&A.
[3] (2) Excludes D&A.
[4] (2) Excludes D&A.
[5] (1) Excludes D&A.