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Unaudited Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Revenues $ 439 $ 412 $ 820 $ 843
Costs and expenses:        
Selling, general and administrative 79 66 147 151
Depreciation and amortization 89 96 179 191
Depreciation, Depletion and Amortization 89 96 179 191
Impairment loss     14  
Satellite insurance recovery   183   183
Operating income 40 189 11 177
Interest expense, net (48) (49) (97) (98)
Other (income) expense, net (4) (2) (7) 3
(Loss) income before taxes (4) 142 (79) 76
Income tax (benefit) expense (2) 1   2
Equity in (income) loss from joint ventures, net of tax (2) 2 (1) 3
Income (loss) from continuing operations   139 (78) 71
Income from operations of discontinued operations, net of tax 2 9 32 20
Gain on disposal of discontinued operations, net of tax 304   304  
Income from discontinued operations, net of tax 306 9 336 20
Net income $ 306 $ 148 $ 258 $ 91
Basic income per common share:        
Basic income (loss) from continuing operations (in dollars per share)   $ 2.33 $ (1.29) $ 1.19
Basic income from discontinued operations, net of tax (in dollars per share) $ 5.05 0.15 5.56 0.34
Basic income per common share (in dollars per share) 5.05 2.48 4.27 1.53
Diluted income per common share:        
Diluted income (loss) from continued operations (in dollars per share)   2.32 (1.29) 1.19
Diluted income from discontinued operations, net of tax (in dollars per share) 4.94 0.15 5.56 0.33
Diluted income per common share (in dollars per share) $ 4.94 $ 2.47 $ 4.27 $ 1.52
Product        
Revenues:        
Revenues $ 157 $ 144 $ 264 $ 310
Costs and expenses:        
Product and service costs, excluding depreciation and amortization 144 141 289 312
Service        
Revenues:        
Revenues 282 268 556 533
Costs and expenses:        
Product and service costs, excluding depreciation and amortization $ 87 $ 103 $ 180 $ 195