XML 13 R2.htm IDEA: XBRL DOCUMENT v3.22.2
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
OPERATING REVENUE $ 4,612 $ 4,924 $ 9,288 $ 9,953
OPERATING EXPENSES        
Cost of services and products (exclusive of depreciation and amortization) 2,058 2,115 4,043 4,251
Selling, general and administrative 815 762 1,615 1,518
Depreciation and amortization 827 1,041 1,635 2,191
Total operating expenses 3,700 3,918 7,293 7,960
OPERATING INCOME 912 1,006 1,995 1,993
OTHER (EXPENSE) INCOME        
Interest expense (337) (384) (689) (773)
Other (expense) income, net (122) 52 (52) 86
Total other expense, net (459) (332) (741) (687)
INCOME BEFORE INCOME TAXES 453 674 1,254 1,306
Income tax expense 109 168 311 325
NET INCOME $ 344 $ 506 $ 943 $ 981
BASIC AND DILUTED EARNINGS PER COMMON SHARE        
BASIC (in dollars per share) $ 0.34 $ 0.47 $ 0.93 $ 0.90
DILUTED (in dollars per share) $ 0.34 $ 0.46 $ 0.93 $ 0.90
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING        
BASIC (in shares) 1,012,943 1,086,453 1,010,686 1,084,464
DILUTED (in shares) 1,016,620 1,093,402 1,015,917 1,092,494