XML 16 R2.htm IDEA: XBRL DOCUMENT v3.24.1.u1Close
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenue    
Revenue $ 7,429 $ 7,722 Close
Operating Costs and Expenses    
Cost of operations (excluding depreciation and amortization shown below) 5,685 8,778
Depreciation and amortization 268 190
Selling, general and administrative costs 591 426
Acquisition-related transaction and integration costs 9 71
Total operating costs and expenses 6,553 9,465 Close
(Loss)/gain on sale of assets (4) 199 Close
Operating Income/(Loss) 872 (1,544) Close
Other Income/(Expense)    
Equity in earnings of unconsolidated affiliates 3 5
Other income, net 30 16
Loss on debt extinguishment (58) 0
Interest expense (152) (148)
Total other expense (177) (127) Close
Income/(Loss) Before Income Taxes 695 (1,671) Close
Income tax expense/(benefit) 184 (336) Close
Net Income/(Loss) 511 (1,335) Close
Less: Cumulative dividends attributable to Series A Preferred Stock 17 4
Net Income/(Loss) Available to Common Stockholders, basic 494 (1,339)
Net Income/(Loss) Available to Common Stockholders, diluted $ 494 $ (1,339)
Income/(Loss) per Share    
Weighted average number of common shares outstanding — basic (in shares) 209,000 230,000
Income/(Loss) per Weighted Average Common Share — Basic (in usd per share) $ 2.36 $ (5.82)
Weighted average number of common shares outstanding — diluted (in shares) 214,000 230,000
Income/(Loss) per Weighted Average Common Share — Diluted (in usd per share) $ 2.31 $ (5.82)