CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024
Operating Activities
Net Income	$ 1,950	$ 1,222
Adjustments:
Depreciation and amortization	829	780
Net deferred income tax expense	4	5
(Gain) loss on derivative instruments not designated as hedges	(56)	40
Share-based compensation expense	92	83
Equity investment income	(155)	(97)
Amortization of debt issuance costs, discounts and premiums	46	51
Loss on extinguishment of debt and inducement expense	10	133
Changes in operating assets and liabilities:
Increase in trade and other receivables, net	(51)	(16)
Decrease in inventories	17	6
Increase in prepaid expenses and other assets	(142)	(196)
Increase in accounts payable trade	24	18
Decrease in accrued expenses and other liabilities	(21)	(47)
Increase in customer deposits	883	934
Other, net	(57)	(15)
Net cash provided by operating activities	3,373	2,901
Investing Activities
Purchases of property and equipment	(1,264)	(2,382)
Cash received on settlement of derivative financial instruments	111	12
Cash paid on settlement of derivative financial instruments	(11)	(92)
Investments in and loans to unconsolidated affiliates	(77)	(20)
Cash received on loans from unconsolidated affiliates	70	9
Proceeds from sale of unconsolidated affiliates	15	0
Other, net	10	(21)
Net cash used in investing activities	(1,146)	(2,494)
Financing Activities
Debt proceeds	730	4,698
Debt issuance costs	(28)	(87)
Repayments of debt	(1,945)	(4,974)
Premium on repayment of debt	(2)	(104)
Repurchase of common stock	(241)	0
Dividends paid	(348)	0
Other, net	(53)	(44)
Net cash used in financing activities	(1,887)	(511)
Effect of exchange rate changes on cash and cash equivalents	7	(2)
Net increase (decrease) in cash and cash equivalents	347	(106)
Cash and cash equivalents at beginning of period	388	497
Cash and cash equivalents at end of period	735	391
Cash paid during the period for:
Interest, net of amount capitalized	443	621
Non-cash Investing Activities
Purchase of property and equipment included in accounts payable and accrued expenses and other liabilities	61	34
Non-cash Financing Activity
Non-cash inducement on convertible notes exchange	$ 7	$ 0