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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 254 $ 1,731
Accounts receivable, net of allowances of $47 and $46, respectively 1,987 1,680
Other current assets 284 303
Current assets of discontinued operations 25 1,664
Total current assets 2,550 5,378
Long-term assets    
Property and equipment, net of $1,765 and $1,646 in accumulated depreciation, respectively 1,821 1,891
Operating lease assets 829 844
Goodwill 2,493 2,536
Identifiable intangible assets, net of $598 and $536 in accumulated amortization, respectively 603 675
Other long-term assets 237 187
Long-term assets of discontinued operations 0 4,666
Total long-term assets 5,983 10,799
Total assets 8,533 16,177
Current liabilities    
Accounts payable 963 854
Accrued expenses 1,199 1,044
Short-term borrowings and current maturities of long-term debt 56 1,281
Short-term operating lease liabilities 153 152
Other current liabilities 132 102
Current liabilities of discontinued operations 24 1,728
Total current liabilities 2,527 5,161
Long-term debt 3,515 5,240
Deferred tax liability 306 286
Employee benefit obligations 126 131
Long-term operating lease liabilities 677 696
Other long-term liabilities 366 384
Long-term liabilities of discontinued operations 0 1,430
Total long-term liabilities 4,990 8,167
Stockholders’ equity    
Convertible perpetual preferred stock, $0.001 par value; 10 shares authorized; — and 0.001 of Series A shares issued and outstanding as of September 30, 2021 and December 31, 2020, respectively 0 1
Common stock, $0.001 par value; 300 shares authorized; 115 and 102 shares issued and outstanding as of September 30, 2021 and December 31, 2020, respectively 0 0
Additional paid-in capital 1,174 1,998
Retained earnings (accumulated deficit) (79) 868
Accumulated other comprehensive loss (79) (158)
Total stockholders’ equity before noncontrolling interests 1,016 2,709
Noncontrolling interests 0 140
Total equity 1,016 2,849
Total liabilities and equity $ 8,533 $ 16,177