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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 412 $ 460
Accounts receivable, net of allowances of $45 and $43, respectively 973 954
Other current assets 208 199
Current assets of discontinued operations 0 17
Total current assets 1,593 1,630
Long-term assets    
Property and equipment, net of $1,853 and $1,679 in accumulated depreciation, respectively 3,075 1,832
Operating lease assets 708 719
Goodwill 1,498 1,472
Identifiable intangible assets, net of $452 and $392 in accumulated amortization, respectively 422 407
Other long-term assets 196 209
Total long-term assets 5,899 4,639
Total assets 7,492 6,269
Current liabilities    
Accounts payable 532 521
Accrued expenses 775 774
Short-term borrowings and current maturities of long-term debt 69 59
Short-term operating lease liabilities 121 107
Other current liabilities 93 30
Current liabilities of discontinued operations 0 16
Total current liabilities 1,590 1,507
Long-term liabilities    
Long-term debt 3,335 2,473
Deferred tax liability 337 319
Employee benefit obligations 91 93
Long-term operating lease liabilities 588 606
Other long-term liabilities 285 259
Total long-term liabilities 4,636 3,750
Stockholders’ equity    
Common stock, $0.001 par value; 300 shares authorized; 116 and 115 shares issued and outstanding as of December 31, 2023 and 2022, respectively 0 0
Additional paid-in capital 1,298 1,238
Retained earnings (accumulated deficit) 185 (4)
Accumulated other comprehensive loss (217) (222)
Total equity 1,266 1,012
Total liabilities and equity $ 7,492 $ 6,269