Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 1,465 $ 1,055
Trade and other receivables, net 255 115
Contract assets 87 114
Other current assets 302 89
Total current assets 2,109 1,373
Property and equipment, at cost 1,138 1,087
Accumulated depreciation (256) (219)
Property and equipment, net 882 868
Goodwill 6,877 7,025
Intangible assets subject to amortization, net 4,843 5,102
Deferred income tax assets 528 539
Other assets 640 491
Total assets 15,879 15,398
Current liabilities:    
Accounts payable and accrued liabilities 417 575
Current portion of debt 72 52
Deferred revenue 1,117 263
Other current liabilities 59 49
Total current liabilities 1,665 939
Long-term debt 4,852 5,048
Deferred income tax liabilities 589 656
Other liabilities 395 305
Total liabilities 7,501 6,948
Redeemable noncontrolling interests in equity of subsidiary 759 693
Stockholders' equity:    
Preferred stock, $.01 par value. Authorized 50,000,000 shares; no shares issued
Additional paid-in capital 6  
Accumulated other comprehensive earnings (loss), net of taxes (149) (30)
Retained earnings 7,759 7,785
Total equity 7,619 7,757
Commitments and contingencies
Total liabilities and equity 15,879 15,398
Series A common stock    
Stockholders' equity:    
Common stock value 0 0
Series B common stock    
Stockholders' equity:    
Common stock value 0 0
Series C common stock    
Stockholders' equity:    
Common stock value $ 3 $ 2