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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 355 $ 460
Accounts receivable, net of allowances of $45 and $43, respectively 1,059 954
Other current assets 199 199
Current assets of discontinued operations 0 17
Total current assets 1,613 1,630
Long-term assets    
Property and equipment, net of $1,767 and $1,679 in accumulated depreciation, respectively 2,072 1,832
Operating lease assets 695 719
Goodwill 1,465 1,472
Identifiable intangible assets, net of $431 and $392 in accumulated amortization, respectively 366 407
Other long-term assets 217 209
Total long-term assets 4,815 4,639
Total assets 6,428 6,269
Current liabilities    
Accounts payable 473 521
Accrued expenses 827 774
Short-term borrowings and current maturities of long-term debt 66 59
Short-term operating lease liabilities 111 107
Other current liabilities 45 30
Current liabilities of discontinued operations 0 16
Total current liabilities 1,522 1,507
Long-term liabilities    
Long-term debt 2,447 2,473
Deferred tax liability 326 319
Employee benefit obligations 90 93
Long-term operating lease liabilities 584 606
Other long-term liabilities 262 259
Total long-term liabilities 3,709 3,750
Stockholders’ equity    
Common stock, $0.001 par value; 300 shares authorized; 116 and 115 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively 0 0
Additional paid-in capital 1,284 1,238
Retained earnings (accumulated deficit) 127 (4)
Accumulated other comprehensive loss (214) (222)
Total equity 1,197 1,012
Total liabilities and equity $ 6,428 $ 6,269