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Condensed Consolidated Statement of Operations and Comprehensive Income (Loss) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Net revenues:    
Site Rental $ 1,576 $ 1,369
Services and other 166 116
Net Revenues 1,742 1,485
Operating expenses:    
Site rental [1] 396 381
Services and other [1] 113 81
Selling, general and administrative 181 164
Asset write-down charges 14 3
Depreciation, amortization and accretion 420 408
Total operating expenses 1,124 1,037
Operating income (loss) 618 448
Interest expense and amortization of deferred financing costs (164) (170)
Gains (losses) on retirement of long-term obligations (26) [2] (143)
Interest income 0 1
Other income (expense) (1) (8)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 427 128
Benefit (provision) for income taxes (6) (7)
Income (loss) from continuing operations 421 121
Net gain (loss) from disposal of discontinued operations, net of tax 0 (63)
Income (loss) from discontinued operations, net of tax 0 (63)
Net income (loss) 421 58
Foreign currency translation adjustments 1 $ 1 [3]
Total other comprehensive income (loss) [3] $ 1  
Income (loss) from continuing operations, per share - basic $ 0.97 $ 0.28
Income (loss) from discontinued operations, per share - basic 0 (0.15)
Income (loss) from continuing operations, per share - diluted 0.97 0.28
Income (loss) from discontinued operations, per share - diluted $ 0 $ (0.15)
Weighted-average common shares outstanding, basic 433 432
Weighted-average common shares outstanding, diluted 434 433
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $ 422 $ 59
[1] Exclusive of depreciation, amortization and accretion shown separately.
[2] Inclusive of the write off of respective deferred financing costs.
[3] See the condensed consolidated statement of operations and other comprehensive income (loss) for the components of other comprehensive income (loss).