XML 39 R32.htm IDEA: XBRL DOCUMENT
v3.26.1

Debt (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2026
Debt Disclosure [Abstract] |
Schedule of Short-Term Debt | The Company’s outstanding debt was as follows:
|  | June 30, 2026 |  |  | December 31, 2025 |
Short-term debt: |  |  |  |  |  |
Term Loan Facility |  | $ | 19 |  |  | $ | 51 |
Convertible Notes |  |  | 1,400 |  |  |  | — |
Debt issuance costs - Convertible Notes |  |  | (20 | ) |  |  | — |
Convertible Notes, net |  |  | 1,380 |  |  |  | — |
Total short-term debt, net |  | $ | 1,399 |  |  | $ | 51 |
Long-term debt: |  |  |  |  |  |
Term Loan Facility |  | $ | 1,462 |  |  | $ | 2,827 |
Debt issuance costs - Term Loan Facility |  |  | (42 | ) |  |  | (55 | )
Term Loan Facility, net |  |  | 1,420 |  |  |  | 2,772 |
Convertible Notes |  |  | — |  |  |  | 1,400 |
Debt issuance costs - Convertible Notes |  |  | — |  |  |  | (22 | )
Convertible Notes, net |  |  | — |  |  |  | 1,378 |
2034 Notes |  |  | 1,142 |  |  |  | — |
Debt issuance costs - 2034 Notes |  |  | (18 | ) |  |  | — |
2034 Notes, net |  |  | 1,124 |  |  |  | — |
Total long-term debt, net |  | $ | 2,544 |  |  | $ | 4,150 |
Summary of Redemption Percentage | At any time and from time to time on or after February 15, 2029, the Company may redeem for cash all or any portion of the 2034 Notes at a redemption price equal to the percentage of principal amount set forth below, plus accrued and unpaid interest, if any, and additional amounts, if any, to, but excluding, the applicable redemption date, if redeemed during the twelve-month period beginning on February 15 of the year indicated below:
Year |  |  |  | Percentage
2029 |  |  |  | 102.125%
2030 |  |  |  | 101.0625%
2031 and thereafter |  |  |  | 100.000%
Schedule of Contractual Maturities of Debt Obligations | Contractual maturities of the Company’s debt obligations as of June 30, 2026 are as follows:
Year |  | Amount |
2026 (remaining) |  | $ | 9 |
2027 |  |  | 19 |
2028 |  |  | 19 |
2029 |  |  | 19 |
2030 |  |  | 1,419 |
Thereafter |  |  | 2,538 |
Schedule of Interest Expense | The Company’s interest expense was as follows:
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2026 |  |  | 2025 |  |  | 2026 |  |  | 2025 |
Term Loan Facility: |  |  |  |  |  |  |  |  |  |  |  |
Contractual interest expense |  | $ | 18 |  |  | $ | 48 |  |  | $ | 45 |  |  | $ | 98 |
Amortization of debt issuance costs as interest expense |  |  | 2 |  |  |  | 5 |  |  |  | 4 |  |  |  | 10 |
Total interest expense on Term Loan Facility |  | $ | 20 |  |  | $ | 53 |  |  | $ | 49 |  |  | $ | 108 |
Convertible Notes: |  |  |  |  |  |  |  |  |  |  |  |
Contractual interest expense |  | $ | 4 |  |  | $ | 4 |  |  | $ | 9 |  |  | $ | 9 |
Amortization of debt issuance costs as interest expense |  |  | 1 |  |  |  | 1 |  |  |  | 2 |  |  |  | 2 |
Total interest expense on Convertible Notes |  | $ | 5 |  |  | $ | 5 |  |  | $ | 11 |  |  | $ | 11 |
2034 Notes: |  |  |  |  |  |  |  |  |  |  |  |
Contractual interest expense |  | $ | 12 |  |  | $ | — |  |  | $ | 20 |  |  | $ | — |
Amortization of debt issuance costs as interest expense |  |  | 1 |  |  |  | — |  |  |  | 1 |  |  |  | — |
Total interest expense on 2034 Notes |  | $ | 13 |  |  | $ | — |  |  | $ | 21 |  |  | $ | — |
Other interest expense (income), net (1) |  | $ | — |  |  | $ | (3 | ) |  | $ | 2 |  |  | $ | (11 | )
Total interest expense |  | $ | 38 |  |  | $ | 55 |  |  | $ | 83 |  |  | $ | 108 |
(1) Other interest expense (income), net primarily consists of interest expense (income) related to the Company’s interest rate swap agreements.

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of debt instruments or arrangements with redemption features. Includes, but is not limited to, description of debt redemption features, percentage price at which debt can be redeemed by the issuer, and period start and end for debt maturity or redemption. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentRedemptionTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of interest income and expense, including, but not limited to, interest income and expense from investments, loans, and securities. + References No definition available. + Details
Name: | us-gaap_InterestIncomeAndInterestExpenseDisclosureTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 470 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-1 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_ScheduleOfShortTermDebtTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration