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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating activities    
Net income (loss) $ 276 $ (109)
Adjustments to reconcile net income (loss) to net cash from operating activities    
Depreciation, amortization and net lease activity 397 379
Stock compensation expense 25 39
Accretion of debt 10 8
Deferred tax (benefit) expense (1) 3
Debt extinguishment loss 8 0
Unrealized (gain) loss on foreign currency option and forward contracts 1 (1)
Gains on sales of property and equipment (31) (39)
Other 5 42
Changes in assets and liabilities    
Accounts receivable (240) 186
Other assets (77) (84)
Accounts payable (21) (277)
Accrued expenses and other liabilities 187 247
Net cash provided by operating activities 539 394
Investing activities    
Payment for purchases of property and equipment (250) (255)
Proceeds from sale of property and equipment 62 77
Other 34 6
Net cash used in investing activities (154) (172)
Financing activities    
Proceeds from issuance of debt 0 1,161
Proceeds from (repayment of) borrowings related to securitization program (49) 109
Repurchase of debt (1,200) 0
Proceeds from borrowings on ABL facility 0 620
Repayment of borrowings on ABL facility (200) (20)
Repayment of debt and finance leases (53) (40)
Payment for debt issuance costs (5) (21)
Purchase of noncontrolling interests (128) 0
Repurchase of common stock 0 (114)
Change in bank overdrafts 14 23
Payment for tax withholdings for restricted shares (22) (18)
Other 4 1
Net cash provided by (used in) financing activities (1,639) 1,701
Effect of exchange rates on cash, cash equivalents and restricted cash 1 (15)
Net increase (decrease) in cash, cash equivalents and restricted cash (1,253) 1,908
Cash, cash equivalents and restricted cash, beginning of period 2,065 387
Cash, cash equivalents and restricted cash, end of period 812 2,295
Supplemental disclosure of cash flow information    
Leased assets obtained in exchange for new operating lease liabilities, including $281 related to an acquisition in 2021 711 371
Leased assets obtained in exchange for new finance lease liabilities 41 17
Cash paid for interest 136 149
Cash paid for income taxes $ 65 $ 10