v3.25.2
Discontinued Operations and Disposal Groups (Tables)
 6 Months Ended
Jun. 30, 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 June 30, 2025 and December 31, 2024 and results of operations related to discontinued operations for the three and six months ended June 30, 2025 and 2024. See note 11 to our condensed consolidated financial statements for a discussion of our reportable segment.

June 30, 2025December 31, 2024
ASSETS
Current assets:
Receivables, net$329 $349 
Other current assets(a)
91 80 
Total current assets
420 429 
Property and equipment(b)
9,223 8,918 
Other intangible assets, net(b)
1,704 1,744 
Operating lease right-of-use assets and other assets, net(b)
320 306 
Valuation allowance for assets held for sale(c)
(1,064)— 
Total assets
$10,603 $11,397 
LIABILITIES
Current liabilities:
Accounts payable
$130 $144 
Deferred revenues
350 336 
Operating lease liabilities and other accrued liabilities
218 223 
Current maturities of debt and other obligations
8 7 
Total current liabilities
706 710 
Debt and other long-term obligations23 20 
Operating lease liabilities
180 173 
Deferred revenue and other long-term liabilities
1,336 1,341 
Total liabilities
$2,245 $2,244 
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Net revenues
$536 $519 $1,068 $1,045 
Operating expenses(b)
256 531 705 1,039 
Income (loss) from discontinued operations before income taxes
280 (12)363 6 
Benefit (provision) for income taxes
(2)(2)(3)(3)
Income (loss) from discontinued operations before gain (loss) from disposal, net of tax
$278 $(14)$360 $3 
(a)As of June 30, 2025 and December 31, 2024, inclusive of $14 million and $20 million, respectively, in cash and cash equivalents and restricted cash and cash equivalents.
(b)Following the classification of the Fiber Business as "held for sale", the Company ceased depreciation and amortization of long-lived assets included in discontinued operations.
(c)In addition to the loss recorded in conjunction with the valuation allowance for assets held for sale, there were $6 million and $17 million included in "Gain (loss) from disposal of discontinued operations" on the Company's condensed consolidated statement of operations and comprehensive income (loss) for the three and six months ended June 30, 2025, respectively, related to selling costs that were incurred during the respective period ended June 30, 2025.