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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
OPERATING REVENUE        
Operating revenues $ 1,593 $ 1,763 $ 4,783 $ 5,311
OPERATING EXPENSES        
Cost of services and products (exclusive of depreciation and amortization) 691 779 2,021 2,281
Selling, general and administrative 264 342 890 946
Net loss on sale of business 0 28 17 113
Operating expenses - affiliates 282 172 782 571
Depreciation and amortization 342 354 1,069 1,056
Goodwill impairment 0 0 0 1,970
Total operating expenses 1,579 1,675 4,779 6,937
OPERATING INCOME (LOSS) 14 88 4 (1,626)
OTHER (EXPENSE) INCOME        
Interest expense (226) (123) (595) (336)
Net gain on early retirement of debt (Note 5) 0 0 54 0
Other income (expense), net 57 (39) 68 (27)
Total other expense, net (94) (146) (301) (316)
LOSS BEFORE INCOME TAXES (80) (58) (297) (1,942)
Income tax benefit (24) (13) (76) (14)
NET LOSS (56) (45) (221) (1,928)
Non-Affiliates        
OPERATING REVENUE        
Operating revenues 1,530 1,706 4,600 5,144
Affiliates        
OPERATING REVENUE        
Operating revenues 63 57 183 167
OTHER (EXPENSE) INCOME        
Interest income - affiliate $ 75 $ 16 $ 172 $ 47