v3.26.1
CONDENSED COMBINED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Jun. 30, 2025
Current assets:      
Cash and cash equivalents $ 186 $ 38  
Due from related parties – current $ 17 $ 8  
Other Receivable, after Allowance for Credit Loss, Current, Related Party [Extensible Enumeration] Related Party Related Party  
Accounts receivable, net of allowance for doubtful accounts: 2026 – $2; 2025 – $2 $ 216 $ 203  
Prepaid and other current assets 47 32  
Total current assets 466 281  
Property and equipment, net of accumulated depreciation: 2026 – $84; 2025 – $81 18 19  
Right of use assets 33 16  
Goodwill 8,845 8,845  
Other intangible assets, net 3,640 3,789  
Other non-current assets 58 45  
Total assets 13,060 12,995  
Current liabilities:      
Accounts payable 63 56  
Due to related parties – current $ 0 $ 19  
Notes Payable, Current, Related Party [Extensible Enumeration] Related Party Related Party  
Accrued compensation and contributions to retirement plans $ 41 $ 64  
Unearned revenue 102 78  
Other current liabilities 42 45  
Total current liabilities 248 262  
Long-term debt 1,981 0  
Operating lease liabilities 27 11  
Deferred tax liability, net 967 1,006  
Due to related parties – non-current $ 0 $ 230  
Notes Payable, Noncurrent, Related Party [Extensible Enumeration] Related Party Related Party  
Other non-current liabilities $ 2 $ 1  
Total liabilities 3,225 1,510  
Commitments and Contingencies  
Equity:      
Parent company investment 9,833 11,489  
Accumulated other comprehensive income (loss) 2 (4)  
Total equity 9,835 11,485 $ 11,617
Total liabilities and equity $ 13,060 $ 12,995  

Source

10-Q XBRL Zip