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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
OPERATING REVENUE $ 3,221,000,000 $ 3,641,000,000 $ 9,779,000,000 $ 11,040,000,000
OPERATING EXPENSES        
Cost of services and products (exclusive of depreciation and amortization) 1,692,000,000 1,850,000,000 4,997,000,000 5,407,000,000
Selling, general and administrative 696,000,000 791,000,000 2,261,000,000 2,302,000,000
Net loss on sale of business 0 22,000,000 17,000,000 112,000,000
Depreciation and amortization 707,000,000 755,000,000 2,198,000,000 2,234,000,000
Goodwill impairment 0 0 0 8,793,000,000
Total operating expenses 3,095,000,000 3,418,000,000 9,473,000,000 18,848,000,000
OPERATING INCOME (LOSS) 126,000,000 223,000,000 306,000,000 (7,808,000,000)
OTHER (EXPENSE) INCOME        
Interest expense (351,000,000) (295,000,000) (1,015,000,000) (868,000,000)
Net (loss) gain on early retirement of debt (Note 5) (1,000,000) 0 277,000,000 618,000,000
Other income (expense), net 54,000,000 (13,000,000) 321,000,000 (37,000,000)
Total other expense, net (298,000,000) (308,000,000) (417,000,000) (287,000,000)
LOSS BEFORE INCOME TAXES (172,000,000) (85,000,000) (111,000,000) (8,095,000,000)
Income tax (benefit) expense (24,000,000) (7,000,000) 29,000,000 208,000,000
NET LOSS $ (148,000,000) $ (78,000,000) $ (140,000,000) $ (8,303,000,000)
BASIC AND DILUTED LOSS PER COMMON SHARE        
BASIC (in dollars per share) $ (0.15) $ (0.08) $ (0.14) $ (8.45)
DILUTED (in dollars per share) $ (0.15) $ (0.08) $ (0.14) $ (8.45)
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING        
BASIC (in shares) 988,794 983,550 986,963 982,853
DILUTED (in shares) 988,794 983,550 986,963 982,853