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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net income (loss) $ 190 $ (1,841) $ 333
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 348 397 216
Amortization of inventory step-up to fair value 0 0 52
Goodwill and intangible asset impairments 0 1,902 0
Unrealized (gain) loss on foreign currency fluctuations and derivative instruments 13 32 13
Amortization of debt issuance costs and original issue discount 30 33 56
Loss on extinguishment of debt 57 8 0
Gain on sale of long-lived assets 0 (2) (7)
Stock-based compensation 48 54 45
Provision for excess and obsolete inventory 56 64 21
Deferred income taxes (226) (234) (46)
Other 8 5 3
Changes in operating assets and liabilities, net of acquired assets and liabilities:      
Trade accounts receivable (36) 114 (4)
Inventories 20 (76) (236)
Other current and non-current assets 25 50 28
Accounts payable 21 (99) 61
Current and non-current accrued compensation (32) (5) (31)
Income taxes payable 49 (64) 19
Other current and non-current liabilities (43) (19) 6
Net cash provided by operating activities 528 319 529
Cash flows from investing activities:      
Acquisitions of businesses, net of cash acquired 0 0 (4,473)
Purchases of investments 0 0 (1)
Maturities of investments 0 0 77
Proceeds from sale of long-lived assets 1 3 9
Purchases of property, plant and equipment (118) (87) (164)
Net cash used in investing activities (117) (84) (4,552)
Cash flows from financing activities:      
Proceeds from borrowing 2,161 216 5,237
Payments of borrowings (2,427) (403) (962)
Purchase of capped calls related to Convertible Notes (167) 0 0
Payments of deferred financing fees (33) (9) (249)
Dividend payments (59) (59) (52)
Net payments related to employee stock awards (9) (1) (1)
Other financing activities (15) (3) (2)
Net cash (used in) provided by financing activities (549) (259) 3,971
Effect of exchange rate changes on cash and cash equivalents (23) (10) (5)
Decrease in cash and cash equivalents (161) (34) (57)
Cash and cash equivalents at beginning of period 875 909 966
Cash and cash equivalents at end of period 714 875 909
Cash paid during the period for:      
Interest 268 305 110
Income taxes $ 145 $ 180 $ 133