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Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Net revenues $ 7,018 $ 6,928 $ 6,558
Cost of revenues 4,840 4,988 4,844
Gross profit 2,178 1,940 1,714
Selling, general, and administrative expenses 1,694 1,581 1,552
Operating income 484 359 162
Interest expense, net 146 145 125
Loss (gain) on extinguishment of debt, net 1 7 (5)
Investment expense (income) and other, net 7 (25) (51)
Other expense, net 154 127 69
Income before income taxes 330 232 93
Income tax provision 80 79 20
Net income 250 153 73
Net (loss) income attributable to common shareholders:      
Less stock conversion of Series B Preferred Stock (372) 0 0
Net (loss) income attributable to common shareholders $ (224) $ (161) $ 29
Net (loss) income per common share:      
Basic (in dollars per share) $ (0.84) $ (0.68) $ 0.10
Diluted (in dollars per share) $ (0.84) $ (0.68) $ 0.10
Weighted-average shares outstanding:      
Basic (in shares) 267,675,764 235,136,849 233,201,569
Diluted (in shares) 267,675,764 235,136,849 266,080,747
Series A Preferred Stock      
Net (loss) income attributable to common shareholders:      
Stock dividend attributable to Series Preferred Stock $ (95) $ (270) $ 0
Series B Preferred Stock      
Net (loss) income attributable to common shareholders:      
Stock dividend attributable to Series Preferred Stock $ (7) $ (44) $ (44)