Related party (Tables)

6 Months Ended

Jun. 30, 2025

Allocations for management costs and corporate support services provided to the Company prior to the

Spin-off were as follows:


	For the three months ended June 30,		For the six months ended June 30,
(In millions)	2025	2024	2025	2024
Cost of revenues	$8	$5	$16	$15
Selling, general and administrative expenses	25	26	44	44
Total	$33	$31	$60	$59

The components of Net transfers to Parent on the unaudited condensed consolidated statements of

cash flows and the reconciliation to the corresponding amounts presented within the unaudited condensed

consolidated statements of equity, which includes certain non-cash elements, were as follows:


	For the six months ended June 30,
(In millions)	2025	2024
Net transfers to Parent as reflected on the unaudited condensed consolidated statements of cash flows (1)	$(91)	$(204)
Equity contribution from Parent related to the settlement of Related-party notes payable	1,999	—
Other non-cash activities with Parent, net(2)	25	26
Net transfers (to) from Parent as reflected on the unaudited condensed consolidated statements of equity	$1,933	$(178)

__________________

(1)Net transfers to Parent as reflected on the unaudited condensed consolidated statements of cash flows includes general financing activities

and allocation of Parent’s corporate expenses.

(2)Other non-cash activities with Parent, net primarily consist of the net contribution from Parent from the completion of the bond exchange as

described in Note 10 (Debt) for the six months ended June 30, 2025 and income taxes paid by Parent for the six months ended June 30,

2024