v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
OPERATING ACTIVITIES    
Net loss $ (200) $ (201)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 664 713
Net gain on sale of business (596) 0
Deferred income taxes (383) (168)
Provision for uncollectible accounts 12 13
Net loss on early retirement of debt 226 35
Stock-based compensation 13 10
Changes in current assets and liabilities:    
Accounts receivable (298) 38
Accounts payable (172) 101
Accrued income and other taxes 769 133
Other current assets and liabilities, net (264) (138)
Retirement benefits (114) (2)
Change in deferred revenue 1,602 493
Changes in other assets and liabilities, net 70 30
Other, net (6) 38
Net cash provided by operating activities 1,323 1,095
INVESTING ACTIVITIES    
Capital expenditures (943) (791)
Proceeds from sale of business 4,977 0
Proceeds from sale of property, plant and equipment, and other assets 16 14
Other, net 0 8
Net cash provided by (used in) investing activities 4,050 (769)
FINANCING ACTIVITIES    
Net proceeds from issuance of long-term debt 656 2,279
Payments of long-term debt (5,375) (2,502)
Debt issuance and extinguishment costs and related fees 0 (80)
Other, net (32) (11)
Net cash used in financing activities (4,751) (314)
Net increase in cash, cash equivalents and restricted cash 622 12
Cash, cash equivalents and restricted cash at beginning of period 1,014 1,900
Cash, cash equivalents and restricted cash at end of period 1,636 1,912
Supplemental cash flow information:    
Income taxes paid, net (3) (1)
Interest paid (net of capitalized interest of $39 and $37) (249) (280)
Supplemental noncash information regarding financing activities:    
Cancellation of term loans as part of refinancings (Note 5) 0 (121)
Issuance of term loans as part of refinancings (Note 5) 0 121
Cash, cash equivalents and restricted cash:    
Cash and cash equivalents 1,625 1,900
Restricted cash included in Other current assets, net 3 2
Restricted cash included in Other assets, net 8 10
Total $ 1,636 $ 1,912