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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Summary of Components of Income (Loss) Before Income Taxes

For the years ended December 31, 2024, 2023, and 2022, the components of income before income taxes are as follows:

			Year Ended December 31,
			2024						2023						2022
U.S. earnings			$	177					$	186					$	40
Foreign earnings			153						46						53
Total earnings			$	330					$	232					$	93

Summary of Income Tax Provision

The income tax provision for the years ended December 31, 2024, 2023, and 2022, consisted of the following:

			Year Ended December 31,
			2024						2023						2022
Current:
U.S. federal			$	47					$	48					$	32
State			14						23						13
Foreign			46						40						22
Total current tax provision			$	107					$	111					$	67
Deferred:
U.S. federal			$	(15)					$	(10)					$	(32)
State			—						(1)						(3)
Foreign			(12)						(21)						(12)
Total deferred tax benefit			$	(27)					$	(32)					$	(47)
Total income tax provision			$	80					$	79					$	20

Summary of Reconciliation of Federal Statutory Income Tax Rate

The reconciliation of the federal statutory income tax rate to the Company’s provision for income taxes is as follows:

			Year Ended December 31,
			2024												2023												2022
Expected provision at statutory federal rate			$	70					21.0		%				$	49					21.0		%				$	19					21.0		%
State tax provision, net of federal benefit			11						3.3		%				17						7.3		%				7						7.5		%
Foreign rate differential			(3)						(0.9		%)				(1)						(0.4)		%				(4)						(4.3		%)
Valuation allowance			(5)						(1.5		%)				8						3.4		%				(1)						(1)		%
Permanent differences and other			3						0.9		%				3						1.3		%				4						4		%
Uncertain tax positions			—						—		%				—						—		%				(1)						(1)		%
Transaction costs			1						0.3		%				—						—		%				3						3.2		%
Withholding taxes on foreign entities			—						—		%				—						—		%				(9)						(10)		%
Section 162(m) limitation			3						0.9		%				3						1.3		%				2						2.1		%
Total provision for income taxes			$	80					24.0		%				$	79					33.9		%				$	20					22.0		%

Summary of Components of Deferred Tax Assets And Liabilities

The components of deferred tax assets and liabilities consisted of the following:

			December 31,
			2024						2023
Deferred tax assets:
Operating and finance lease liabilities			$	68					$	57
Accrued compensation			42						60
Accrued expenses			27						28
Net operating loss carryforwards			22						28
Contingent consideration and compensation liabilities			14						13
Capital loss carryforwards			51						54
Credits			37						38
Reserves and allowances			6						6
Interest limitation			36						2
Other			7						12
Gross deferred tax assets			310						298
Valuation allowances			(92)						(114)
Net deferred tax assets			$	218					$	184
Deferred tax liabilities:
Depreciation on fixed assets			$	39					$	42
Goodwill			44						23
Amortization on identified intangible assets			177						165
Operating lease right-of-use assets			67						56
Derivatives			7						1
Deferred payments			3						4
Pension and post-retirement obligations			16						11
Other			6						2
Gross deferred tax liabilities			$	359					$	304
Net deferred tax liabilities			$	141					$	120

Summary of Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

			Year Ended December 31,
			2024						2023						2022
Gross unrecognized tax benefits at the beginning of the year			$	7					$	8					$	2
Additions for tax positions taken in a prior period (including acquired uncertain tax positions)			3						—						7
Reductions for tax positions taken in a prior period (including acquired uncertain tax positions)			(1)						(1)						—
Additions for tax positions taken in the current period			—						1						1
Reductions for tax positions due to lapse in statute of limitations			—						(1)						—
Foreign currency translation adjustments			—						—						(2)
Gross unrecognized tax benefits as of the end of the year			$	9					$	7					$	8

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of the change in unrecognized tax benefits.

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