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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 377 $ 560
Accounts receivable, net of allowance of $2 at June 30, 2025 and December 31, 2024 577 564
Materials and supplies, net of allowance of $167 and $178 at June 30, 2025 and December 31, 2024, respectively 427 439
Assets held for sale 43 343
Restricted cash and cash equivalents 395 381
Other current assets 181 165
Total current assets 2,000 2,452
Property and equipment 20,957 22,417
Less accumulated depreciation (6,205) (6,586)
Property and equipment, net 14,752 15,831
Deferred tax assets, net 48 45
Other assets 1,011 1,043
Total assets 17,811 19,371
Liabilities and equity    
Accounts payable 253 255
Accrued income taxes 8 31
Debt due within one year 666 686
Other current liabilities 655 691
Total current liabilities 1,582 1,663
Long-term debt 5,885 6,195
Deferred tax liabilities, net 345 499
Other long-term liabilities 645 729
Total long-term liabilities 6,875 7,423
Commitments and contingencies
Shares, $0.10 par value, 1,204,009,681 authorized, 141,262,093 conditionally authorized, 1,204,009,681 issued and 902,249,348 outstanding at June 30, 2025, and 1,057,879,029 authorized, 141,262,093 conditionally authorized, 940,828,901 issued and 875,830,772 outstanding at December 31, 2024 90 87
Additional paid-in capital 14,966 14,880
Accumulated deficit (5,562) (4,545)
Accumulated other comprehensive loss (141) (138)
Total controlling interest shareholders' equity 9,353 10,284
Noncontrolling interest 1 1
Total equity 9,354 10,285
Total liabilities and equity $ 17,811 $ 19,371