v3.24.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 55 $ 5
Accounts receivable, net of $9 and $12 in allowances, respectively 1,138 743
Other current assets 62 48
Total current assets 1,255 796
Property and equipment, net of $300 and $293 in accumulated depreciation, respectively 175 124
Operating lease assets 333 195
Goodwill 1,027 630
Identifiable intangible assets, net of $130 and $118 in accumulated amortization, respectively 565 68
Other long-term assets 37 12
Total long-term assets 2,137 1,029
Total assets 3,392 1,825
Current liabilities    
Accounts payable 572 414
Accrued expenses 262 199
Short-term debt and current maturities of long-term debt 15 3
Short-term operating lease liabilities 75 53
Other current liabilities 23 13
Total current liabilities 947 682
Long-term debt and obligations under finance leases 352 356
Deferred tax liabilities 115 7
Long-term operating lease liabilities 261 146
Other long-term liabilities 65 40
Total long-term liabilities 793 549
Commitments and Contingencies (Note 12)
Equity    
Preferred stock, $0.01 par value; 10,000 shares authorized; 0 shares issued and outstanding as of September 30, 2024 and December 31, 2023 0 0
Common stock, $0.01 par value; 300,000 shares authorized; 160,790 and 117,026 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively 2 1
Additional paid-in capital 1,914 590
Retained earnings (Accumulated deficit) (259) 6
Accumulated other comprehensive loss (5) (3)
Total equity 1,652 594
Total liabilities and equity $ 3,392 $ 1,825
Common stock, shares outstanding (in shares) 160,790,000 117,026,000
Common stock, shares issued (in shares) 160,790,000 117,026,000