v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Cash flows from operating activities      
Net income (loss) $ 71 $ (79)  
Adjustments to reconcile to net cash provided by operating activities:      
Depreciation and amortization 143 176  
Share-based compensation expense 8 8  
Gain on disposal of assets, net (4) (2)  
Amortization of debt-related balances, net 10 13  
(Gain) loss on adjustment to bifurcated compound exchange feature 153 (36)  
Loss on retirement of debt 11    
Deferred income tax expense (benefit) (73) 15  
Other, net (1) 4  
Changes in contract liabilities, net (42) (38)  
Changes in deferred costs, net 31 (12)  
Changes in other operating assets and liabilities, net (143) (23)  
Net cash provided by operating activities 164 26  
Cash flows from investing activities      
Capital expenditures (28) (60)  
Proceeds from disposal of assets, net of costs to sell 25 2  
Net cash provided by (used in) investing activities 10 (58)  
Cash flows from financing activities      
Repayments of debt (556) (210)  
Other, net   (8)  
Net cash used in financing activities (556) (218)  
Net decrease in unrestricted and restricted cash and cash equivalents (382) (250)  
Unrestricted and restricted cash and cash equivalents, beginning of period 997 941 $ 941
Unrestricted and restricted cash and cash equivalents, end of period 615 $ 691 $ 997
Related party      
Cash flows from investing activities      
Proceeds from disposal of investment in note receivable from unconsolidated affiliate $ 13