v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (UNAUDITED) - USD ($)
$ in Millions
Total
Common Stock
Additional Paid-in Capital
Accumulated Retained Earnings (Deficit)
Accumulated Other Comprehensive Loss
Noncontrolling Interest
Beginning balance (in shares) at Dec. 31, 2024   97,000,000        
Beginning balance, value at Dec. 31, 2024 $ 1,895 $ 1 $ 1,399 $ 352 $ 0 $ 143
Increase (Decrease) in Equity [Roll Forward]            
Net (loss) income (12)     (17)   5
Activity related to share-based compensation 5   5      
Foreign currency translation adjustments, net of tax (1)       (1)  
Derivative instrument adjustments, net of tax (6)       (6)  
Repurchase and retirement of common stock (in shares)   (4,000,000)        
Repurchase and retirement of common stock (150)   (53) (97)    
Ending balance (in shares) at Mar. 31, 2025   93,000,000        
Ending balance, value at Mar. 31, 2025 1,731 $ 1 1,351 238 (7) 148
Beginning balance (in shares) at Dec. 31, 2024   97,000,000        
Beginning balance, value at Dec. 31, 2024 1,895 $ 1 1,399 352 0 143
Increase (Decrease) in Equity [Roll Forward]            
Foreign currency translation adjustments, net of tax 5          
Ending balance (in shares) at Jun. 30, 2025   89,000,000        
Ending balance, value at Jun. 30, 2025 1,640 $ 1 1,326 167 (5) 151
Beginning balance (in shares) at Mar. 31, 2025   93,000,000        
Beginning balance, value at Mar. 31, 2025 1,731 $ 1 1,351 238 (7) 148
Increase (Decrease) in Equity [Roll Forward]            
Net (loss) income 28     25   3
Activity related to share-based compensation 24   24      
Employee stock plan issuance 8   8      
Foreign currency translation adjustments, net of tax 6       6  
Derivative instrument adjustments, net of tax (4)       (4)  
Repurchase and retirement of common stock (in shares)   (4,000,000)        
Repurchase and retirement of common stock (153)   (57) (96)    
Ending balance (in shares) at Jun. 30, 2025   89,000,000        
Ending balance, value at Jun. 30, 2025 $ 1,640 $ 1 1,326 167 (5) 151
Beginning balance (in shares) at Dec. 31, 2025 83,133,678 83,000,000        
Beginning balance, value at Dec. 31, 2025 $ 1,440 $ 1 1,276 34 (22) 151
Increase (Decrease) in Equity [Roll Forward]            
Net (loss) income 68     66   2
Activity related to share-based compensation (in shares)   1,000,000        
Activity related to share-based compensation (3)   (3)      
Foreign currency translation adjustments, net of tax (3)       (3)  
Repurchase and retirement of common stock (in shares)   (3,000,000)        
Repurchase and retirement of common stock (152)   (47) (105)    
Ending balance (in shares) at Mar. 31, 2026   81,000,000        
Ending balance, value at Mar. 31, 2026 $ 1,350 $ 1 1,226 (5) (25) 153
Beginning balance (in shares) at Dec. 31, 2025 83,133,678 83,000,000        
Beginning balance, value at Dec. 31, 2025 $ 1,440 $ 1 1,276 34 (22) 151
Increase (Decrease) in Equity [Roll Forward]            
Foreign currency translation adjustments, net of tax $ (6)          
Ending balance (in shares) at Jun. 30, 2026 78,017,947 78,000,000        
Ending balance, value at Jun. 30, 2026 $ 1,258 $ 1 1,230 (101) (28) 156
Beginning balance (in shares) at Mar. 31, 2026   81,000,000        
Beginning balance, value at Mar. 31, 2026 1,350 $ 1 1,226 (5) (25) 153
Increase (Decrease) in Equity [Roll Forward]            
Net (loss) income 15     12   3
Activity related to share-based compensation 39   39      
Employee stock plan issuance 8   8      
Foreign currency translation adjustments, net of tax (3)       (3)  
Repurchase and retirement of common stock (in shares)   (3,000,000)        
Repurchase and retirement of common stock $ (151)   (43) (108)    
Ending balance (in shares) at Jun. 30, 2026 78,017,947 78,000,000        
Ending balance, value at Jun. 30, 2026 $ 1,258 $ 1 $ 1,230 $ (101) $ (28) $ 156