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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
OPERATING REVENUE $ 3,268,000,000 $ 3,661,000,000 $ 6,558,000,000 $ 7,399,000,000
OPERATING EXPENSES        
Cost of services and products (exclusive of depreciation and amortization) 1,653,000,000 1,740,000,000 3,305,000,000 3,557,000,000
Selling, general and administrative 742,000,000 790,000,000 1,565,000,000 1,511,000,000
(Gain) loss on sale of business (5,000,000) 13,000,000 17,000,000 90,000,000
Depreciation and amortization 743,000,000 746,000,000 1,491,000,000 1,479,000,000
Goodwill impairment 0 8,793,000,000 0 8,793,000,000
Total operating expenses 3,133,000,000 12,082,000,000 6,378,000,000 15,430,000,000
OPERATING INCOME (LOSS) 135,000,000 (8,421,000,000) 180,000,000 (8,031,000,000)
OTHER (EXPENSE) INCOME        
Interest expense (373,000,000) (294,000,000) (664,000,000) (573,000,000)
Net gain on early retirement of debt (Note 5) 3,000,000 9,000,000 278,000,000 618,000,000
Other income (expense), net 194,000,000 16,000,000 267,000,000 (24,000,000)
Total other (expense) income, net (176,000,000) (269,000,000) (119,000,000) 21,000,000
(LOSS) INCOME BEFORE INCOME TAXES (41,000,000) (8,690,000,000) 61,000,000 (8,010,000,000)
Income tax expense 8,000,000 46,000,000 53,000,000 215,000,000
NET (LOSS) INCOME $ (49,000,000) $ (8,736,000,000) $ 8,000,000 $ (8,225,000,000)
BASIC AND DILUTED (LOSS) EARNINGS PER COMMON SHARE        
BASIC (in dollars per share) $ (0.05) $ (8.88) $ 0.01 $ (8.37)
DILUTED (in dollars per share) $ (0.05) $ (8.88) $ 0.01 $ (8.37)
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING        
BASIC (in shares) 987,239 983,453 986,047 982,505
DILUTED (in shares) 987,239 983,453 987,224 982,505