v3.25.3
Combined Statements of Equity - USD ($)
$ in Millions
Member's investment
Additional paid-in capital
Retained earnings (deficit)
Total
Beginning balance at Dec. 31, 2022 $ 1,750   $ (259) $ 1,491
Net earnings (loss)     41 41
Stock-based compensation 19     19
Dividends paid to parent     (65) (65)
Other (3)     (3)
Ending balance at Dec. 31, 2023 1,766   (283) 1,483
Net earnings (loss)     54 54
Stock-based compensation 11     11
Contributions from (distributions to) former member     (150) (150)
Other 1     1
Ending balance at Sep. 30, 2024 1,778   (379) 1,399
Beginning balance at Dec. 31, 2023 1,766   (283) 1,483
Net earnings (loss)     70 70
Stock-based compensation 13     13
Dividends paid to parent     (150) (150)
Other (2)     (2)
Ending balance at Dec. 31, 2024 1,777   (363) 1,414
Beginning balance at Jun. 30, 2024 1,774   (400) 1,374
Net earnings (loss)     21 21
Stock-based compensation 4     4
Ending balance at Sep. 30, 2024 1,778   (379) 1,399
Beginning balance at Dec. 31, 2024 1,777   (363) 1,414
Net earnings (loss)     (325) (325)
Stock-based compensation 7 $ 2   9
Change in capitalization in connection with the Separation (1,778) 2,058   280
Other (6)     (6)
Ending balance at Sep. 30, 2025   2,060 (688) 1,372
Beginning balance at Jun. 30, 2025 1,778 0 (301) 1,477
Net earnings (loss)     (387) (387)
Stock-based compensation   2   2
Change in capitalization in connection with the Separation $ (1,778) 2,058   280
Ending balance at Sep. 30, 2025   $ 2,060 $ (688) $ 1,372