v3.25.1
Discontinued Operations and Disposal Groups (Tables)
 3 Months Ended
Mar. 31, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Disposal Groups, Including Discontinued Operations The tables below set forth the assets and liabilities related to discontinued operations as of March 31, 2025 and December 31, 2024 and results of operations related to discontinued operations for the three months ended March 31, 2025 and 2024. See note 11 to our condensed consolidated financial statements for a discussion of our reportable segment.
March 31, 2025December 31, 2024
ASSETS
Current assets:
Receivables, net
$316 $349 
Other current assets(a)
126 80 
Total current assets
442 429 
Property and equipment(b)
8,976 8,918 
Other intangible assets, net(b)
1,704 1,744 
Operating lease right-of-use assets and other assets, net
302 306 
Valuation allowance for assets held for sale
(819)— 
Total assets
$10,605 $11,397 
LIABILITIES
Current liabilities:
Accounts payable
$150 $144 
Deferred revenues
345 336 
Operating lease liabilities and other accrued liabilities
186 223 
Current maturities of debt and other obligations
8 7 
Total current liabilities
689 710 
Debt and other long-term obligations22 20 
Operating lease liabilities
166 173 
Deferred revenue and other long-term liabilities
1,330 1,341 
Total liabilities
$2,207 $2,244 
Three Months Ended March 31,
20252024
Net revenues
$532 $526 
Operating expenses(b)
448 507 
Income (loss) from discontinued operations before income taxes
84 19 
Benefit (provision) for income taxes
(2)(2)
Income (loss) from discontinued operations before gain (loss) from disposal, net of tax(c)
$82 $17 
(a)As of March 31, 2025 and December 31, 2024, inclusive of $39 million and $20 million, respectively, in cash and cash equivalents.
(b)Following the classification of the Fiber Business as "held for sale", the Company ceased depreciation and amortization of assets included in discontinued operations.
(c)Exclusive of the gain (loss) from disposal of discontinued operations, net of tax, as presented on the condensed consolidated statement of operations and comprehensive income (loss).