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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
OPERATING REVENUE $ 4,390 $ 4,887 $ 13,678 $ 14,840
OPERATING EXPENSES        
Cost of services and products (exclusive of depreciation and amortization) 1,999 2,151 6,042 6,402
Selling, general and administrative 792 654 2,407 2,172
Gain on sale of business (593) 0 (593) 0
Depreciation and amortization 808 951 2,443 3,142
Total operating expenses 3,006 3,756 10,299 11,716
OPERATING INCOME 1,384 1,131 3,379 3,124
OTHER (EXPENSE) INCOME        
Interest expense (363) (377) (1,052) (1,150)
Other (expense) income, net (84) (38) (136) 48
Total other expense, net (447) (415) (1,188) (1,102)
INCOME BEFORE INCOME TAXES 937 716 2,191 2,022
Income tax expense 359 172 670 497
NET INCOME $ 578 $ 544 $ 1,521 $ 1,525
BASIC AND DILUTED EARNINGS PER COMMON SHARE        
BASIC (in dollars per share) $ 0.57 $ 0.51 $ 1.50 $ 1.42
DILUTED (in dollars per share) $ 0.57 $ 0.51 $ 1.50 $ 1.41
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING        
BASIC (in shares) 1,013,124 1,062,084 1,011,498 1,077,106
DILUTED (in shares) 1,017,013 1,069,157 1,016,281 1,083,879