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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenue      
Revenue $ 28,823 $ 31,543 $ 26,989 Close
Operating Costs and Expenses      
Cost of operations (excluding depreciation and amortization shown below) 26,526 27,446 20,482
Depreciation and amortization 1,127 634 785
Impairment losses 26 206 544
Selling, general and administrative costs 1,968 1,228 1,293
Provision for credit losses 251 11 698
Acquisition-related transaction and integration costs 119 52 93
Total operating costs and expenses 30,017 29,577 23,895 Close
Gain on sale of assets 1,578 52 247 Close
Operating Income 384 2,018 3,341 Close
Other Income/(Expense)      
Equity in earnings of unconsolidated affiliates 16 6 17
Impairment losses on investments (102) 0 0
Other income, net 47 56 63
Gain/(Loss) on debt extinguishment 109 0 (77)
Interest expense (667) (417) (485)
Total other expense (597) (355) (482) Close
(Loss)/Income Before Income Taxes (213) 1,663 2,859 Close
Income tax (benefit)/expense (11) 442 672 Close
Net (Loss)/Income (202) 1,221 2,187 Close
Less: Cumulative dividends attributable to Series A Preferred Stock 54 0 0
Net (Loss)/ Income Available for Common Stockholders, basic (256) 1,221 2,187
Net (Loss)/ Income Available for Common Stockholders, diluted $ (256) $ 1,221 $ 2,187
(Loss)/Income Per Share      
Weighted average number of common shares outstanding — basic (in shares) 228,000 236,000 245,000
Weighted average number of common shares outstanding — diluted (in shares) 228,000 236,000 245,000
(Loss)/Income per Weighted Average Common Share - Basic (in usd per share) $ (1.12) $ 5.17 $ 8.93
(Loss)/Income per weighted average common share — diluted (in usd per share) $ (1.12) $ 5.17 $ 8.93