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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 879.1 $ 1,830.1
Adjustments to reconcile net income to cash provided by operating activities    
Depreciation, amortization and accretion 1,002.8 1,111.1
Stock-based compensation expense 100.7 111.2
Other non-cash items reflected in statements of operations 826.6 (34.5)
Increase in net deferred rent balances (45.3) (152.7)
Right-of-use asset and Operating lease liability, net 29.3 31.3
Changes in unearned revenue 46.8 (32.3)
Increase in assets (219.8) (119.2)
Decrease in liabilities (43.7) (122.9)
Cash provided by operating activities 2,576.5 2,622.1
CASH FLOWS FROM INVESTING ACTIVITIES    
Payments for purchase of property and equipment and construction activities (635.7) (721.9)
Payments for acquisitions, net of cash acquired (332.3) (55.0)
Proceeds from sale of short-term investments and other non-current assets 137.7 251.5
Deposits and other (10.9) 0.1
Cash used for investing activities (841.2) (525.3)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from short-term borrowings, net 0.0 8.7
Borrowings under credit facilities 3,632.3 5,097.9
Proceeds from issuance of senior notes, net 1,560.0 2,374.1
Proceeds from other borrowings 1.2 0.0
Repayments of notes payable, credit facilities, senior notes, secured debt, term loans and finance leases (5,318.2) (7,189.7)
Distributions to noncontrolling interest holders (111.9) (189.2)
Contributions from noncontrolling interest holders 111.3 102.5
Proceeds from stock options and employee stock purchase plan 30.1 23.7
Distributions paid on common stock (1,564.7) (1,559.2)
Deferred financing costs and other financing activities (90.6) (86.9)
Cash used for financing activities (1,750.5) (1,418.1)
Net effect of changes in foreign currency exchange rates on cash and cash equivalents, and restricted cash 116.6 (153.5)
NET INCREASE IN CASH AND CASH EQUIVALENTS, AND RESTRICTED CASH 101.4 525.2
CASH AND CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD 2,108.2 2,093.4
CASH AND CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD 2,209.6 2,618.6
CASH PAID FOR INCOME TAXES (NET OF REFUNDS OF $6.6 AND $9.2, RESPECTIVELY) 131.4 179.2
CASH PAID FOR INTEREST 684.2 803.1
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Purchases of property and equipment under finance leases and perpetual easements 6.7 8.3
Decrease in accounts payable and accrued expenses for purchases of property and equipment and construction activities (11.4) (56.4)
Seller financed acquisition 5.0 0.0
Distributions to noncontrolling interest holders 0.0 (49.9)
Contributions from noncontrolling interest holders 0.0 49.9
Contribution to equity method investment $ 0.0 $ 14.6