XML 16 R2.htm IDEA: XBRL DOCUMENT v3.23.1Close
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenue    
Revenue $ 7,722 $ 7,896 Close
Operating Costs and Expenses    
Cost of operations (excluding depreciation and amortization shown below) 8,778 4,930
Depreciation and amortization 190 183
Selling, general and administrative costs 426 347
Acquisition-related transaction and integration costs 71 8
Total operating costs and expenses 9,465 5,468 Close
Gain/(loss) on sale of assets 199 (3) Close
Operating (Loss)/Income (1,544) 2,425 Close
Other Income/(Expense)    
Equity in earnings/(losses) of unconsolidated affiliates 5 (15) Close
Other income, net 16 0
Interest expense (148) (103)
Total other expense (127) (118) CloseClose
(Loss)/Income Before Income Taxes (1,671) 2,307 Close
Income tax (benefit)/expense (336) 571 Close
Net (Loss)/Income (1,335) 1,736 Close
Less: Cumulative dividends attributable to Series A Preferred Stock 4 0
Net (Loss) Income Available to Common Stockholders, basic (1,339) 1,736
Net (Loss) Income Available to Common Stockholders, diluted $ (1,339) $ 1,736
(Loss)/Income per Share    
Weighted average number of common shares outstanding — basic (in shares) 230,000 242,000
Weighted average number of common shares outstanding — diluted (in shares) 230,000 242,000
(Loss)/Income per Weighted Average Common Share — Basic (in usd per share) $ (5.82) $ 7.17
(Loss)/Income per Weighted Average Common Share — Diluted (in usd per share) $ (5.82) $ 7.17