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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 250 $ 412
Accounts receivable, net of allowances of $45 and $45, respectively 1,088 973
Other current assets 210 208
Total current assets 1,548 1,593
Long-term assets    
Property and equipment, net of $1,954 and $1,853 in accumulated depreciation, respectively 3,305 3,075
Operating lease assets 742 708
Goodwill 1,481 1,498
Identifiable intangible assets, net of $476 and $452 in accumulated amortization, respectively 392 422
Other long-term assets 262 196
Total long-term assets 6,182 5,899
Total assets 7,729 7,492
Current liabilities    
Accounts payable 477 532
Accrued expenses 772 775
Short-term borrowings and current maturities of long-term debt 64 69
Short-term operating lease liabilities 129 121
Other current liabilities 99 93
Total current liabilities 1,542 1,590
Long-term liabilities    
Long-term debt 3,330 3,335
Deferred tax liability 364 337
Employee benefit obligations 88 91
Long-term operating lease liabilities 613 588
Other long-term liabilities 294 285
Total long-term liabilities 4,688 4,636
Stockholders’ equity    
Common stock, $0.001 par value; 300 shares authorized; 116 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively 0 0
Additional paid-in capital 1,322 1,298
Retained earnings 402 185
Accumulated other comprehensive loss (225) (217)
Total equity 1,499 1,266
Total liabilities and equity $ 7,729 $ 7,492