v3.25.2
Condensed Combined Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net earnings (loss) $ 62 $ 33
Adjustments to reconcile net earnings (loss) to net cash from operating activities:    
Depreciation and amortization 105 102
Stock-based compensation 7 7
Deferred income tax expense (benefit) (6) 11
Other, net (2) (2)
Change in operating assets and liabilities:    
Current and other assets 92 39
Payables and other liabilities (32) (28)
Net cash provided by (used in) operating activities 226 162
Cash flows from investing activities:    
Capital expenditures (119) (123)
Grant proceeds received for capital expenditures 19 19
Other investing activities, net 6  
Net cash provided by (used in) investing activities (94) (104)
Cash flows from financing activities:    
Borrowings of debt 691 130
Repayment of debt, tower obligations and finance leases (775) (82)
Contributions from (distributions to) member   (150)
Other financing activities, net (6)  
Net cash provided by (used in) financing activities (90) (102)
Net increase (decrease) in cash, cash equivalents and restricted cash 42 (44)
Cash, cash equivalents and restricted cash, beginning of period 75 97
Cash, cash equivalents and restricted cash, end of period $ 117 $ 53