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Condensed Consolidated Statements of Cash Flows (Unaudited)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
USD ($)
Sep. 30, 2025
USD ($)
Sep. 30, 2024
USD ($)
Operating activities      
Net income $ 40 $ 93 $ 89
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization   67 78
Stock-based compensation expense   82 92
Deferred income taxes   24 5
Loss on Blue Chip Swap 0 1 3
Changes in assets and liabilities:      
Receivables   (75) 39
Inventories   13 (3)
Current payables and accrued expenses   (66) (37)
Deferred revenue   17 (97)
Other assets and liabilities   (11) (22)
Net cash provided by operating activities   145 147
Investing activities      
Expenditures for property and equipment   (10) (17)
Additions to capitalized software   (1) (1)
Other investing activities, net   (1) (5)
Net cash used in investing activities   (12) (23)
Financing activities      
Repurchases of common stock   (102) (186)
Repayments of long-term borrowings   (19) (13)
Payments of finance leases   (51) (54)
Other financing activities, net   3 (1)
Net cash used in financing activities   (169) (254)
Effect of exchange rate changes on cash, cash equivalents and restricted cash   22 (8)
Decrease in cash, cash equivalents and restricted cash   (14) (138)
Cash, cash equivalents and restricted cash at beginning of period   421 486
Cash, cash equivalents and restricted cash at end of period 407 407 348
Supplemental cash flow disclosure:      
Assets acquired under operating lease   2 1
Assets acquired under finance lease   67 25
Reconciliation of cash, cash equivalents and restricted cash to the Condensed Consolidated Balance Sheets:      
Cash and cash equivalents 406 406  
Restricted cash 1 1  
Total cash, cash equivalents and restricted cash $ 407 $ 407 $ 348