XML 10 R4.htm IDEA: XBRL DOCUMENT v3.25.1
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Net revenues:    
Net revenues $ 936 $ 868
Cost of revenues:    
Cost of revenues 492 453
Gross profit 444 415
Research and development 70 70
Selling, general and administrative 185 170
Acquisition and integration costs 0 1
Restructuring and other 16 3
Fees and expenses related to amendments to the Term Loan Facility 2 3
Amortization of intangible assets 60 62
Income from operations 111 106
Interest income (3) (6)
Interest expense 53 87
Loss on extinguishment of debt 3 9
Other (income) expense, net (1) (3)
Income before income taxes 59 19
Provision for income taxes 7 4
Net income 52 15
Other comprehensive income (loss), net of tax:    
Changes in value of financial instruments designated as cash flow hedges (16) 32
Foreign currency translation adjustments 54 (114)
Change in net investment hedge (19) 20
Unrecognized pension gain (loss) 4 1
Unrealized gain on investments 0 7
Total comprehensive income (loss) $ 75 $ (39)
Net income per share:    
Basic $ 0.77 $ 0.22
Diluted $ 0.77 $ 0.22
Weighted average common shares outstanding:    
Basic 67.4 67.0
Diluted 67.7 67.4
Products [Member]    
Net revenues:    
Net revenues $ 819 $ 754
Cost of revenues:    
Cost of revenues 437 398
Services [Member]    
Net revenues:    
Net revenues 117 114
Cost of revenues:    
Cost of revenues $ 55 $ 55