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Condensed Consolidated Statement of Operations and Comprehensive Income (Loss) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Net revenues:        
Site Rental $ 1,593 $ 1,577 $ 4,761 $ 4,929
Services and other 59 90 158 378
Net Revenues 1,652 1,667 4,919 5,307
Operating expenses:        
Site rental [1] 430 420 1,292 1,259
Services and other [1] 30 66 91 268
Selling, general and administrative 153 176 540 581
Asset write-down charges 15 8 24 30
Acquisition and integration costs 0 0 0 1
Depreciation, amortization and accretion 432 439 1,301 1,315
Restructuring Charges 48 72 104 72
Total operating expenses 1,108 1,181 3,352 3,526
Operating income (loss) 544 486 1,567 1,781
Interest expense and amortization of deferred financing costs, net (236) (217) (692) (627)
Interest income 6 3 14 10
Other income (expense) (6) 0 (5) (4)
Income (Loss) before Income Taxes, Noncontrolling Interest 308 272 884 1,160
Benefit (provision) for income taxes (5) (7) (19) (21)
Net Income (Loss) Attributable to Parent 303 265 865 1,139
Foreign currency translation adjustments 0 0 (1) 0
Total other comprehensive income (loss) [2] 0 0 (1) 0
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $ 303 $ 265 $ 864 $ 1,139
Earnings Per Share, Basic $ 0.70 $ 0.61 $ 1.99 $ 2.63
Earnings Per Share, Diluted $ 0.70 $ 0.61 $ 1.99 $ 2.63
Weighted-average common shares outstanding, basic 435 434 434 434
Weighted-average common shares outstanding, diluted 436 434 435 434
[1] Exclusive of depreciation, amortization and accretion shown separately.
[2] See the condensed consolidated statement of operations and other comprehensive income (loss) for the components of other comprehensive income (loss).