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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
OPERATING REVENUE        
Operating revenues $ 1,626 $ 1,600 $ 3,273 $ 3,190
OPERATING EXPENSES        
Cost of services and products (exclusive of depreciation and amortization) 694 658 1,415 1,330
Selling, general and administrative 297 289 548 626
Gain (Loss) on Disposition of Business 0 (5) 0 17
Operating expenses - affiliates 257 262 513 500
Depreciation and amortization 342 363 680 727
Total operating expenses 1,590 1,567 3,156 3,200
OPERATING INCOME (LOSS) 36 33 117 (10)
OTHER (EXPENSE) INCOME        
Interest expense (203) (240) (418) (369)
Net (loss) gain on early retirement of debt (Note 4) (236) 0 (270) 54
Other income (expense), net 23 (3) 39 11
Total other expense, net (343) (168) (505) (207)
LOSS BEFORE INCOME TAXES (307) (135) (388) (217)
Income tax benefit (81) (34) (102) (52)
NET LOSS (226) (101) (286) (165)
Non-Affiliates        
OPERATING REVENUE        
Operating revenues 1,558 1,539 3,133 3,070
Affiliates        
OPERATING REVENUE        
Operating revenues 68 61 140 120
OTHER (EXPENSE) INCOME        
Interest income - affiliate $ 73 $ 75 $ 144 $ 97