v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Statement [Abstract]        
OPERATING REVENUE $ 2,805 $ 3,092 $ 5,704 $ 6,274
OPERATING EXPENSES        
Cost of services and products (exclusive of depreciation and amortization) 1,415 1,624 2,850 3,311
Selling, general and administrative 779 755 1,573 1,430
Net loss (gain) on sale of business 31 0 (565) 0
Depreciation and amortization 668 688 1,332 1,401
Goodwill impairment 0 628 0 628
Total operating expenses 2,893 3,695 5,190 6,770
OPERATING (LOSS) INCOME (88) (603) 514 (496)
OTHER (EXPENSE) INCOME        
Interest expense (201) (338) (426) (685)
Net gain (loss) on early retirement of debt (Note 5) 6 (236) (220) (271)
Other income, net 28 28 54 58
Total other expense, net (167) (546) (592) (898)
LOSS BEFORE INCOME TAXES (255) (1,149) (78) (1,394)
Income tax (benefit) expense (54) (234) 323 (278)
NET LOSS $ (201) $ (915) $ (401) $ (1,116)
BASIC AND DILUTED LOSS PER COMMON SHARE        
BASIC (in dollars per share) $ (0.20) $ (0.92) $ (0.40) $ (1.12)
DILUTED (in dollars per share) $ (0.20) $ (0.92) $ (0.40) $ (1.12)
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING        
BASIC (in shares) 1,004,104 994,543 1,001,498 992,906
DILUTED (in shares) 1,004,104 994,543 1,001,498 992,906