XML 23 R6.htm IDEA: XBRL DOCUMENT v3.25.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating activities    
Net income $ 44 $ 20
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 20 27
Stock-based compensation expense 22 34
Deferred income taxes 10 12
Loss on Blue Chip Swap 0 2
Changes in assets and liabilities:    
Receivables (73) (25)
Inventories 5 (3)
Current payables and accrued expenses (30) (30)
Deferred revenue 39 (6)
Other assets and liabilities (29) (4)
Net cash provided by operating activities 8 27
Investing activities    
Expenditures for property and equipment (1) (6)
Other investing activities, net 0 (2)
Net cash used in investing activities (1) (8)
Financing activities    
Repurchases of common stock (44) (124)
Repayments of long-term borrowings (6) 0
Payments of finance leases (16) (20)
Other financing activities, net (2) (6)
Net cash used in financing activities (68) (150)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 9 (17)
Decrease in cash, cash equivalents and restricted cash (52) (148)
Cash, cash equivalents and restricted cash at beginning of period 421 486
Cash, cash equivalents and restricted cash at end of period 369 338
Supplemental cash flow disclosure:    
Assets acquired under operating lease 1 0
Assets acquired under finance lease 33 11
Reconciliation of cash, cash equivalents and restricted cash to the Condensed Consolidated Balance Sheets:    
Cash and cash equivalents 368  
Restricted cash 1  
Total cash, cash equivalents and restricted cash $ 369 $ 338