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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 426 $ 495
Accounts receivable, net of allowance of $11 and $12 1,605 1,647
Other current assets 280 286
Total current assets 2,311 2,428
Long-term assets    
Property and equipment, net of accumulated depreciation of $1,361 and $1,297 964 960
Operating lease assets 2,168 2,227
Goodwill 2,765 2,728
Intangible assets, net of accumulated amortization of $477 and $456 555 570
Other long-term assets 327 306
Total long-term assets 6,779 6,791
Total assets 9,090 9,219
Current liabilities    
Accounts payable 652 717
Accrued expenses 908 995
Current debt 84 67
Current operating lease liabilities 568 560
Other current liabilities 209 193
Total current liabilities 2,421 2,532
Long-term liabilities    
Long-term debt 1,697 1,739
Long-term operating lease liabilities 1,800 1,853
Other long-term liabilities 453 417
Total long-term liabilities 3,950 4,009
Commitments and contingencies (Note 11)
Stockholders’ Equity    
Common Stock, $0.01 par value per share; 300,000 shares authorized, 118,889 and 118,728 issued and outstanding 1 1
Preferred Stock, $0.01 par value per share; 10,000 shares authorized, none issued and outstanding 0 0
Additional paid-in capital 2,580 2,575
Retained earnings 348 323
Accumulated other comprehensive loss (244) (254)
Total stockholders’ equity before noncontrolling interests 2,685 2,645
Noncontrolling interests 34 33
Total equity 2,719 2,678
Total liabilities and equity $ 9,090 $ 9,219