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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 148 $ 167
Restricted cash 98 94
Accounts Receivable, Net, Current 640 689
Inventories, net 193 169
Prepaid expenses, deposits and other current assets 161 164
Total current assets 1,240 1,283
Non-current assets:    
Restricted cash 4 5
Receivables, net of allowance for credit losses of $3 and $2, respectively 97 96
Property and equipment, net 346 348
Operating lease right-of-use assets 39 43
Goodwill 3,365 3,371
Intangible assets, net 725 808
Software, net 209 191
Deferred income taxes 288 254
Other assets 51 63
Total assets 6,364 6,462
Current liabilities:    
Current portion of long-term debt 63 53
Accounts payable 199 189
Accrued liabilities 410 535
Income taxes payable 43 26
Total current liabilities 715 803
Deferred income taxes 11 11
Operating lease liabilities 25 29
Other long-term liabilities 242 264
Long-term debt, excluding current portion 5,069 5,110
Total liabilities 6,062 6,217
Commitments and contingencies (Note 15)
Stockholders’ equity:    
Common stock, par value $0.001 per share, 199.0 shares authorized; 77.0 and 118.6 shares issued(1), respectively, and 77.0 and 77.1 shares outstanding(1), respectively 1 1
Additional paid-in capital 186 1,276
Retained earnings 353 1,292
Treasury stock, at cost, 41.5 shares as of December 31, 2025 0 (2,101)
Accumulated other comprehensive loss (238) (223)
Total stockholders’ equity 302 245
Total liabilities and stockholders’ equity $ 6,364 $ 6,462