v3.25.4
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Changes in Carrying Amount of Service and Product Warranties

The changes in the carrying amount of service and product warranties are as follows (in millions):

 

Balance at December 31, 2023

 

$

72

 

Net provisions for warranties issued during the year

 

 

22

 

Amounts incurred

 

 

(27

)

Currency translation adjustments and other

 

 

1

 

Balance at December 31, 2024

 

$

68

 

Net provisions for warranties issued during the year

 

 

29

 

Amounts incurred

 

 

(31

)

Currency translation adjustments and other

 

 

2

 

Balance at December 31, 2025

 

$

68

 

Computation of Weighted Average Basic and Diluted Shares Outstanding

The following table sets forth the computation of weighted average basic and diluted shares outstanding (in millions, except per share data):

 

 

Year Ended December 31,

 

 

 

2025

 

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income attributable to Company

 

$

145

 

 

$

635

 

 

$

993

 

Denominator:

 

 

 

 

 

 

 

 

 

Basic—weighted average common shares outstanding

 

 

372

 

 

 

392

 

 

 

393

 

Dilutive effect of employee stock options and other unvested
   stock awards

 

 

3

 

 

 

4

 

 

 

4

 

Diluted—weighted average common shares outstanding

 

 

375

 

 

 

396

 

 

 

397

 

 

 

 

 

 

 

 

 

 

Net income attributable to Company per share:

 

 

 

 

 

 

 

 

 

Basic

 

$

0.39

 

 

$

1.62

 

 

$

2.53

 

Diluted

 

$

0.39

 

 

$

1.60

 

 

$

2.50

 

 

 

 

 

 

 

 

 

 

Cash dividends per share

 

$

0.51

 

 

$

0.275

 

 

$

0.20