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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Net revenues:        
Net revenues $ 988 $ 896 $ 2,898 $ 2,652
Cost of revenues:        
Cost of revenues 527 464 1,540 1,385
Gross profit 461 432 1,358 1,267
Research and development 76 70 222 206
Selling, general and administrative 180 167 539 498
Acquisition and integration costs 0 3 0 6
Restructuring and other 4 1 26 6
Fees and expenses related to amendments to the Term Loan Facility 0 2 2 5
Amortization of intangible assets 63 61 184 184
Income from operations 138 128 385 362
Interest income (3) (6) (11) (17)
Interest expense 53 64 162 230
Loss on extinguishment of debt 2 5 8 52
Other expense (income), net 2 5 11 (3)
Income before income taxes 84 60 215 100
Provision (benefit) for income taxes 10 (2) 27 1
Net income 74 62 188 99
Other comprehensive income (loss), net of tax:        
Changes in value of financial instruments designated as cash flow hedges (2) (59) (28) (27)
Foreign currency translation adjustments (23) 184 223 18
Change in net investment hedge 0 (28) (60) 0
Unrecognized pension gain (loss) 0 (3) 4 0
Unrealized gain on investments 0 13 0 22
Total comprehensive income (loss) $ 49 $ 169 $ 327 $ 112
Net income per share:        
Basic $ 1.1 $ 0.92 $ 2.79 $ 1.48
Diluted $ 1.1 $ 0.92 $ 2.78 $ 1.47
Weighted average common shares outstanding:        
Basic 67.3 67.4 67.3 67.2
Diluted 67.6 67.6 67.6 67.5
Products [Member]        
Net revenues:        
Net revenues $ 860 $ 776 $ 2,528 $ 2,301
Cost of revenues:        
Cost of revenues 466 410 1,367 1,220
Services [Member]        
Net revenues:        
Net revenues 128 120 370 351
Cost of revenues:        
Cost of revenues $ 61 $ 54 $ 173 $ 165