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Segment and Geographic Information (Tables)
12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Schedule of Geographic Distributions of Revenues, Equity in Earnings of Affiliates, Adjusted Segment EBITDA, Depreciation and Amortization, Assets and Goodwill and Other Intangible Assets The geographic distributions of our revenues, equity in earnings of affiliates, adjusted segment EBITDA, depreciation and amortization, assets and goodwill and other intangible assets are summarized in the following table (dollars in millions) and represent the operating segments under the January 1, 2023 reorganized segment structure:

 

 

 

For the Year Ended December 31,

 

 

 

2023

 

 

2022

 

 

2021

 

Revenues:

 

 

 

 

 

 

 

 

 

National Group

 

$

18,105

 

 

$

16,767

 

 

$

16,329

 

Atlantic Group

 

 

21,167

 

 

 

19,324

 

 

 

19,098

 

American Group

 

 

22,318

 

 

 

20,858

 

 

 

19,636

 

Corporate and other

 

 

3,378

 

 

 

3,284

 

 

 

3,689

 

 

 

$

64,968

 

 

$

60,233

 

 

$

58,752

 

Equity in losses (earnings) of affiliates:

 

 

 

 

 

 

 

 

 

National Group

 

$

(2

)

 

$

(1

)

 

$

(33

)

Atlantic Group

 

 

(3

)

 

 

(3

)

 

 

(2

)

American Group

 

 

(59

)

 

 

(43

)

 

 

(50

)

Corporate and other

 

 

42

 

 

 

2

 

 

 

(28

)

 

 

$

(22

)

 

$

(45

)

 

$

(113

)

Adjusted segment EBITDA:

 

 

 

 

 

 

 

 

 

National Group

 

$

4,000

 

 

$

3,616

 

 

$

4,202

 

Atlantic Group

 

 

4,492

 

 

 

3,881

 

 

 

4,218

 

American Group

 

 

5,208

 

 

 

5,102

 

 

 

4,836

 

Corporate and other

 

 

(974

)

 

 

(532

)

 

 

(612

)

 

 

$

12,726

 

 

$

12,067

 

 

$

12,644

 

Depreciation and amortization:

 

 

 

 

 

 

 

 

 

National Group

 

$

834

 

 

$

801

 

 

$

754

 

Atlantic Group

 

 

989

 

 

 

921

 

 

 

848

 

American Group

 

 

971

 

 

 

937

 

 

 

897

 

Corporate and other

 

 

283

 

 

 

310

 

 

 

354

 

 

 

$

3,077

 

 

$

2,969

 

 

$

2,853

 

 

NOTE 13 — SEGMENT AND GEOGRAPHIC INFORMATION (continued)

 

 

For the Year Ended December 31,

 

 

 

2023

 

 

2022

 

 

2021

 

Adjusted segment EBITDA

 

$

12,726

 

 

$

12,067

 

 

$

12,644

 

Depreciation and amortization

 

 

3,077

 

 

 

2,969

 

 

 

2,853

 

Interest expense

 

 

1,938

 

 

 

1,741

 

 

 

1,566

 

Losses (gains) on sales of facilities

 

 

5

 

 

 

(1,301

)

 

 

(1,620

)

Losses on retirement of debt

 

 

 

 

 

78

 

 

 

12

 

Income before income taxes

 

$

7,706

 

 

$

8,580

 

 

$

9,833

 

 

 

 

December 31,

 

 

 

2023

 

 

2022

 

 

2021

 

Assets:

 

 

 

 

 

 

 

 

 

National Group

 

$

12,487

 

 

$

11,793

 

 

$

11,236

 

Atlantic Group

 

 

16,098

 

 

 

15,092

 

 

 

13,944

 

American Group

 

 

19,786

 

 

 

17,934

 

 

 

17,224

 

Corporate and other

 

 

7,840

 

 

 

7,619

 

 

 

8,338

 

 

 

$

56,211

 

 

$

52,438

 

 

$

50,742

 

 

 

 

National
Group

 

 

Atlantic
Group

 

 

American
Group

 

 

Corporate
and Other

 

 

Total

 

Goodwill and other intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2020

 

$

1,089

 

 

$

1,375

 

 

$

4,996

 

 

$

1,118

 

 

$

8,578

 

Acquisitions

 

 

126

 

 

 

610

 

 

 

66

 

 

 

260

 

 

 

1,062

 

Foreign currency translation, amortization and other

 

 

(3

)

 

 

(15

)

 

 

 

 

 

(82

)

 

 

(100

)

Balance at December 31, 2021

 

 

1,212

 

 

 

1,970

 

 

 

5,062

 

 

 

1,296

 

 

 

9,540

 

Acquisitions

 

 

75

 

 

 

90

 

 

 

90

 

 

 

7

 

 

 

262

 

Foreign currency translation, amortization and other

 

 

(43

)

 

 

(3

)

 

 

 

 

 

(103

)

 

 

(149

)

Balance at December 31, 2022

 

 

1,244

 

 

 

2,057

 

 

 

5,152

 

 

 

1,200

 

 

 

9,653

 

Acquisitions

 

 

 

 

 

8

 

 

 

326

 

 

 

28

 

 

 

362

 

Foreign currency translation, amortization and other

 

 

(3

)

 

 

(1

)

 

 

 

 

 

(66

)

 

 

(70

)

Balance at December 31, 2023

 

$

1,241

 

 

$

2,064

 

 

$

5,478

 

 

$

1,162

 

 

$

9,945