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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating activities    
Net income (loss) $ (11) $ 333
Adjustments to reconcile net income (loss) to net cash from operating activities    
Depreciation, amortization and net lease activity 572 546
Stock compensation expense 50 48
Accretion of debt 14 16
Deferred tax expense 4 26
Debt extinguishment loss 0 5
Unrealized (gain) loss on foreign currency option and forward contracts (1) 5
Gains on sales of property and equipment (68) (73)
Other 46 17
Changes in assets and liabilities    
Accounts receivable (152) (190)
Other assets (52) (12)
Accounts payable (105) (153)
Accrued expenses and other liabilities 395 (126)
Net cash provided by operating activities 692 442
Investing activities    
Payment for purchases of property and equipment (377) (413)
Proceeds from sale of property and equipment 148 192
Cash collected on deferred purchase price receivable 0 186
Other 5 0
Net cash used in investing activities (224) (35)
Financing activities    
Proceeds from issuance of debt 1,155 1,751
Proceeds from borrowings related to securitization program 48 0
Proceeds from borrowings on ABL facility 820 1,690
Repayment of borrowings on ABL facility (620) (1,690)
Repayment of debt and finance leases (65) (850)
Payment for debt issuance costs (21) (28)
Purchase of noncontrolling interests (21) 0
Repurchase of common stock (114) (1,347)
Change in bank overdrafts 20 2
Payment for tax withholdings for restricted shares (21) (11)
Other 1 4
Net cash provided by (used in) financing activities 1,182 (479)
Effect of exchange rates on cash, cash equivalents and restricted cash (2) (7)
Net increase (decrease) in cash, cash equivalents and restricted cash 1,648 (79)
Cash, cash equivalents and restricted cash, beginning of period 387 514
Cash, cash equivalents and restricted cash, end of period 2,035 435
Supplemental disclosure of cash flow information    
Leased assets obtained in exchange for new operating lease liabilities 481 559
Leased assets obtained in exchange for new finance lease liabilities 32 35
Cash paid for interest 215 202
Cash paid for income taxes $ 20 $ 89