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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 229 $ 412
Accounts receivable, net of allowances of $44 and $45, respectively 1,077 973
Other current assets 222 208
Total current assets 1,528 1,593
Long-term assets    
Property and equipment, net of $1,892 and $1,853 in accumulated depreciation, respectively 3,257 3,075
Operating lease assets 727 708
Goodwill 1,484 1,498
Identifiable intangible assets, net of $463 and $452 in accumulated amortization, respectively 406 422
Other long-term assets 201 196
Total long-term assets 6,076 5,899
Total assets 7,603 7,492
Current liabilities    
Accounts payable 570 532
Accrued expenses 782 775
Short-term borrowings and current maturities of long-term debt 63 69
Short-term operating lease liabilities 129 121
Other current liabilities 79 93
Total current liabilities 1,622 1,590
Long-term liabilities    
Long-term debt 3,323 3,335
Deferred tax liability 342 337
Employee benefit obligations 89 91
Long-term operating lease liabilities 598 588
Other long-term liabilities 297 285
Total long-term liabilities 4,649 4,636
Stockholders’ equity    
Common stock, $0.001 par value; 300 shares authorized; 116 shares issued and outstanding as of March 31, 2024 and December 31, 2023 0 0
Additional paid-in capital 1,302 1,298
Retained earnings 252 185
Accumulated other comprehensive loss (222) (217)
Total equity 1,332 1,266
Total liabilities and equity $ 7,603 $ 7,492