v3.26.1
Divestitures and Discontinued Operations (Tables)
 6 Months Ended
Jun. 30, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Disposal Groups
Summarized financial information for the Company's Discontinued Operations is as follows:
Three Months Ended
June 30,		Six Months Ended
June 30,
(in millions)2026202520262025
Revenue$133 $151 $269 $285 
Operating Costs and Expenses
Cost of services (excluding depreciation and amortization)123 128 249 240 
Selling, general and administrative (excluding depreciation and amortization)12 10 25 20 
Depreciation and amortization6 6 12 14 
Other (income) expenses, net37 1 37 (1)
Total Operating Costs and Expenses178 145 323 273 
Income (Loss) Before Income Taxes(45)6 (54)12 
Income tax expense (benefit)2 4 4 5 
Net Income (Loss) from Discontinued Operations$(47)$2 $(58)$7 
The following is a summary of the major categories of assets and liabilities that have been reclassified as held for sale in connection with the pending Public Transit and Tolling divestitures described above:
(in millions)June 30, 2026December 31, 2025
Accounts Receivable, net$137 $159 
Other current assets95 87 
Contract assets55 70 
Land, building and equipment, net17 14 
Operating lease right-of-use assets20 23 
Deferred contract costs, net49 54 
Other long-term assets42 45 
Write-down to fair value(29)— 
Assets of discontinued operations held for sale$386 $452 
Accounts payable$29 $34 
Accrued compensation and benefits costs36 37 
Contract liabilities34 30 
Other current liabilities67 70 
Operating lease liabilities15 18 
Other long-term liabilities25 28 
Liabilities of discontinued operations held for sale$206 $217 
The following is a summary of selected financial information of the discontinued operations:
Six Months Ended
June 30,
(in millions)20262025
Non-cash expenses
Depreciation of buildings and equipment$2 $2 
Amortization of product software6 6 
Amortization of deferred customer contract costs4 6 
Write-down of assets to estimated fair value less costs to sell31 — 
Capital and other expenditures
Cost of additions to land, buildings and equipment3 2 
Cost of additions to product software4 1 
Costs to obtain and fulfill a contract— 6