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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 473 $ 495
Accounts receivable, net of allowance of $18 and $12 1,661 1,647
Other current assets 332 286
Total current assets 2,466 2,428
Long-term assets    
Property and equipment, net of accumulated depreciation of $1,463 and $1,297 923 960
Operating lease assets 2,133 2,227
Goodwill 2,734 2,728
Intangible assets, net of accumulated amortization of $507 and $456 507 570
Other long-term assets 328 306
Total long-term assets 6,625 6,791
Total assets 9,091 9,219
Current liabilities    
Accounts payable 597 717
Accrued expenses 975 995
Current debt 26 67
Current operating lease liabilities 561 560
Other current liabilities 275 193
Total current liabilities 2,434 2,532
Long-term liabilities    
Long-term debt 1,621 1,739
Long-term operating lease liabilities 1,800 1,853
Other long-term liabilities 419 417
Total long-term liabilities 3,840 4,009
Commitments and contingencies (Note 12)
Stockholders’ Equity    
Common Stock, $0.01 par value per share; 300,000 shares authorized, 118,951 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 2,593 2,575
Retained earnings 479 323
Accumulated Other Comprehensive Income (Loss) (“AOCIL”) (289) (254)
Total stockholders’ equity before noncontrolling interests 2,784 2,645
Noncontrolling interests 33 33
Total equity 2,817 2,678
Total liabilities and equity $ 9,091 $ 9,219