XML 18 R7.htm IDEA: XBRL DOCUMENT v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
OPERATING ACTIVITIES        
Net loss $ (226) $ (101) $ (286) $ (165)
Adjustments to reconcile net loss to net cash provided by operating activities:        
Depreciation and amortization 342 363 680 727
Net loss on sale of business 0 (5) 0 17
Deferred income taxes     (101) (52)
Net loss (gain) on early retirement of debt 236 0 270 (54)
Changes in current assets and liabilities:        
Accounts receivable     (97) (52)
Accounts payable     196 (114)
Change in deferred revenue     726 152
Changes in other assets and liabilities, net     2 165
Other, net     51 5
Net cash provided by operating activities     1,182 559
INVESTING ACTIVITIES        
Capital expenditures     (692) (444)
Proceeds from sale of property, plant and equipment and other assets     7 11
Net cash used in investing activities     (685) (1,635)
FINANCING ACTIVITIES        
Net proceeds from issuance of long-term debt     4,261 1,325
Payments of long-term debt     (4,125) (15)
Distributions     0 (1,756)
Contributions     0 210
Debt issuance and extinguishment costs and related fees     (306) (210)
Net cash used in financing activities     (170) (446)
Net increase (decrease) in cash, cash equivalents and restricted cash     327 (1,522)
Cash, cash equivalents and restricted cash at beginning of period     602 2,020
Cash, cash equivalents and restricted cash at end of period 929 498 929 498
Supplemental cash flow information:        
Income taxes paid, net     (1) (1)
Interest paid (net of capitalized interest of $25 and $13)     (429) (283)
Supplemental non-cash information regarding financing activities:        
Cancellation of term loans as part of refinancing (Note 4)     (121) 0
Issuance of term loan as part of refinancing (Note 4)     121 0
Cash, cash equivalents and restricted cash:        
Cash and cash equivalents 927 496 927 496
Restricted cash included in Other current assets, net 2 0 2 0
Restricted cash included in Other assets, net 0 2 0 2
Total $ 929 $ 498 929 498
Non-Affiliates        
Changes in current assets and liabilities:        
Other current assets and liabilities, net     (92) (8)
Affiliates        
Changes in current assets and liabilities:        
Other current assets and liabilities, net     (167) (62)
INVESTING ACTIVITIES        
Increase in notes receivable - affiliate     $ 0 $ (1,202)