Quarterly report [Sections 13 or 15(d)]

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY

v3.25.3
CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - USD ($)
shares in Thousands, $ in Millions
Total
Cumulative Effect, Adjustment
Common Stock
Former Parent's investment
Retained earnings
Retained earnings
Cumulative Effect, Adjustment
Accumulated other comprehensive loss
Additional Paid-in Capital
Treasury Stock
Noncontrolling interest
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Beginning balance $ 13,102 $ (1) $ 0 $ (5,284) $ 15,353 $ (1) $ 7     $ 3,026
Beginning balance (in shares) at Dec. 31, 2023     0              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income (loss) (2,362)       (1,952)         (410)
Other comprehensive loss (39)           (37)     (2)
Share-based compensation 170     131 15         24
Exercise of options and RSU vestings in period 0     (55)           55
Withholding taxes on net share settlements of share-based compensation (39)     (39)            
Dividends paid (51)                 (51)
Tax sharing adjustment with Former Parent 82     82            
Other, net (3)     (3)            
Change in capitalization in connection with the Split-Off (in shares)     339,000              
Change in capitalization in connection with the Split-Off 0     5,168 (2,526)         (2,642)
Ending balance (in shares) at Sep. 30, 2024     339,000              
Ending balance at Sep. 30, 2024 10,859   $ 0 0 10,889   (30)     0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Beginning balance 13,722 $ (4) $ 0 (5,242) 15,859 $ (4) (19)     3,124
Beginning balance (in shares) at Jun. 30, 2024     0              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income (loss) (2,958)       (2,456)         (502)
Other comprehensive loss (11)           (11)     0
Share-based compensation 64     41 16         7
Exercise of options and RSU vestings in period (in shares)     1,000              
Exercise of options and RSU vestings in period 0     (30)           30
Withholding taxes on net share settlements of share-based compensation (16)     (16)            
Dividends paid (17)                 (17)
Tax sharing adjustment with Former Parent 82     82            
Other, net (3)     (3)            
Change in capitalization in connection with the Split-Off (in shares)     339,000              
Change in capitalization in connection with the Split-Off 0     5,168 (2,526)         (2,642)
Ending balance (in shares) at Sep. 30, 2024     339,000              
Ending balance at Sep. 30, 2024 10,859   $ 0 0 10,889   (30)     0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Beginning balance 10,859   0 $ 0 10,889   (30)     $ 0
Beginning balance $ 11,074   $ 0   11,121   (46) $ 0 $ (1)  
Beginning balance (in shares) at Dec. 31, 2024     339,000              
Beginning balance, treasury stock (in shares) at Dec. 31, 2024 26               0  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income (loss) $ 706       706          
Other comprehensive loss (4)           (4)      
Share-based compensation 171             171    
Exercise of options and RSU vestings in period (in shares)     2,000              
Withholding taxes on net share settlements of share-based compensation (27)             (27)    
Dividends paid (274)       (221)     (53)    
Shares repurchased (in shares)                 4,000  
Shares repurchased (90)               $ (90)  
Shares retired (in shares)     (4,000)           (4,000)  
Shares retired 0             (91) $ 91  
Ending balance (in shares) at Sep. 30, 2025     337,000              
Ending balance at Sep. 30, 2025 $ 11,556   $ 0   11,606   (50) 0 $ 0  
Ending balance, treasury stock (in shares) at Sep. 30, 2025 0               0  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Beginning balance $ 11,329   $ 0   11,378   (48) 0 $ (1)  
Beginning balance (in shares) at Jun. 30, 2025     337,000              
Beginning balance, treasury stock (in shares) at Jun. 30, 2025                 0  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income (loss) 297       297          
Other comprehensive loss (2)           (2)      
Share-based compensation 54             54    
Withholding taxes on net share settlements of share-based compensation (11)             (11)    
Dividends paid (91)       (69)     (22)    
Shares repurchased (in shares)                 1,000  
Shares repurchased (20)               $ (20)  
Shares retired (in shares)     (1,000)           (1,000)  
Shares retired 0             (21) $ 21  
Ending balance (in shares) at Sep. 30, 2025     337,000              
Ending balance at Sep. 30, 2025 $ 11,556   $ 0   11,606   (50) 0 $ 0  
Ending balance, treasury stock (in shares) at Sep. 30, 2025 0               0  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Beginning balance $ 11,556   $ 0   $ 11,606   $ (50) $ 0 $ 0