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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue        
Revenue $ 7,223 $ 7,946 $ 21,311 $ 22,016
Operating Costs and Expenses        
Cost of operations (excluding depreciation and amortization shown below) 7,239 6,406 17,229 20,137
Depreciation and amortization 352 359 1,045 921
Impairment losses 0 0 15 0
Selling, general and administrative costs (excluding amortization of customer acquisition costs of $55, $36, $144 and $84, respectively, which are included in depreciation and amortization shown separately above) 645 602 1,739 1,502
Acquisition-related transaction and integration costs 7 18 22 111
Total operating costs and expenses 8,243 7,385 20,050 22,671
Gain on sale of assets 208 0 209 202
Operating (Loss)/Income (812) 561 1,470 (453)
Other Income/(Expense)        
Equity in earnings of unconsolidated affiliates 6 6 13 16
Other income, net 5 14 38 43
Loss on debt extinguishment 0 0 (260) 0
Interest expense (213) (173) (528) (472)
Total other expense (202) (153) (737) (413)
(Loss)/Income Before Income Taxes (1,014) 408 733 (866)
Income tax (benefit)/expense (247) 65 251 (182)
Net (Loss)/Income (767) 343 482 (684)
Less: Cumulative dividends attributable to Series A Preferred Stock 17 17 51 38
Net (Loss)/Income Available to Common Stockholders, basic (784) 326 431 (722)
Net (Loss)/Income Available for Common Stockholders, diluted $ (784) $ 326 $ 431 $ (722)
(Loss)/Income per Share        
Weighted average number of common shares outstanding — basic (in shares) 207,000 230,000 207,000 230,000
(Loss)/Income per Weighted Average Common Share — Basic (in usd per share) $ (3.79) $ 1.42 $ 2.08 $ (3.14)
Weighted average number of common shares outstanding — diluted (in shares) 207,000 232,000 213,000 230,000
(Loss)/Income per Weighted Average Common Share — Diluted (in usd per share) $ (3.79) $ 1.41 $ 2.02 $ (3.14)