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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenue:        
Total revenue $ 828 $ 809 $ 1,617 $ 1,582
Operating expenses:        
Cost of revenue 210 [1] 219 [2] 404 [3] 430 [4]
Selling, general and administrative 211 208 448 425
Research and development 61 64 128 129
Depreciation, amortization and impairments 117 99 225 190
Restructuring and other 6 17 60 37
Operating income 223 202 352 371
Other (expense) income:        
Interest expense (81) (77) (162) (146)
Gain (Loss) on Extinguishment of Debt 0 0 (2) (1)
Other income (expense), net 8 (1) 23 4
Total other expense, net (73) (78) (141) (143)
Net income before income taxes 150 124 211 228
Income tax expense (30) (29) (39) (51)
Net income $ 120 $ 95 $ 172 $ 177
Basic and diluted net income per share:        
Basic $ 1.55 $ 1.12 $ 2.23 $ 2.09
Diluted $ 1.53 $ 1.11 $ 2.19 $ 2.05
Weighted average number of shares used in per share calculations:        
Basic shares 77.4 84.3 77.3 84.6
Diluted shares 78.5 85.6 78.7 86.2
Services        
Revenue:        
Total revenue $ 601 $ 566 $ 1,195 $ 1,092
Operating expenses:        
Cost of revenue [5] 111 113 221 224
Products        
Revenue:        
Total revenue 227 243 422 490
Operating expenses:        
Cost of revenue [5] $ 99 $ 106 $ 183 $ 206
[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.