XML 13 R7.htm IDEA: XBRL DOCUMENT v3.25.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net income $ 188 $ 99
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 258 262
Unrealized (gain) loss on foreign currency and derivative instruments (4) 2
Amortization of debt issuance costs and original issue discount 20 23
Loss on extinguishment of debt 8 52
Stock-based compensation 46 37
Provision for excess and obsolete inventory 37 41
Deferred income taxes (125) (168)
Other 0 5
Changes in operating assets and liabilities    
Trade accounts receivable 24 (7)
Inventories (54) 11
Other current and non-current assets 12 17
Accounts payable 31 (21)
Current and non-current accrued compensation 55 (26)
Income taxes payable 21 53
Other current and non-current liabilities (14) (28)
Net cash provided by operating activities 503 352
Cash flows from investing activities:    
Purchases of investments (1) 0
Proceeds from sale of long-lived assets 3 1
Purchases of property, plant and equipment (98) (67)
Net cash used in investing activities (96) (66)
Cash flows from financing activities:    
Repurchase of common stock (45) 0
Proceeds from borrowings 0 2,161
Payments of borrowings (338) (2,198)
Purchase of capped calls related to Convertible Notes 0 (167)
Payments of deferred financing fees 0 (33)
Dividend payments (44) (44)
Net payments related to employee stock awards (6) (12)
Other financing activities (4) (10)
Net cash used in financing activities (437) (303)
Effect of exchange rate changes on cash and cash equivalents 13 3
Decrease in cash and cash equivalents (17) (14)
Cash and cash equivalents at beginning of period 714 875
Cash and cash equivalents at end of period 697 861
Supplemental noncash financing activities    
Right of use assets obtained in exchange for new finance lease liabilities $ 46 $ 12