v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
OPERATING ACTIVITIES        
Net loss $ (201) $ (915) $ (401) $ (1,116)
Adjustments to reconcile net loss to net cash provided by operating activities:        
Depreciation and amortization     1,332 1,401
Net gain on sale of business 31 0 (565) 0
Goodwill impairment 0 628 0 628
Deferred income taxes     (484) (409)
Provision for uncollectible accounts     7 31
Net loss on early retirement of debt (6) 236 220 271
Stock-based compensation     31 22
Changes in current assets and liabilities:        
Accounts receivable     (68) (80)
Accounts payable     (320) 172
Accrued income and other taxes     927 87
Other current assets and liabilities, net     (116) (229)
Retirement benefits     (130) (1)
Change in deferred revenue     1,772 718
Changes in other assets and liabilities, net     65 69
Other, net     24 101
Net cash provided by operating activities     2,294 1,665
INVESTING ACTIVITIES        
Capital expenditures     (1,845) (1,682)
Proceeds from sale of business     4,977 0
Proceeds from sale of property, plant and equipment, and other assets     21 31
Other, net     3 9
Net cash provided by (used in) investing activities     3,156 (1,642)
FINANCING ACTIVITIES        
Net proceeds from issuance of long-term debt     1,728 4,261
Payments of long-term debt     (6,253) (4,284)
Debt issuance and extinguishment costs and related fees     (15) (308)
Other, net     (37) (13)
Net cash used in financing activities     (4,577) (344)
Net increase (decrease) in cash, cash equivalents and restricted cash     873 (321)
Cash, cash equivalents and restricted cash at beginning of period     1,014 1,900
Cash, cash equivalents and restricted cash at end of period 1,887 1,579 1,887 1,579
Supplemental cash flow information:        
Income taxes refunded (paid), net     136 (7)
Interest paid (net of capitalized interest of $83 and $72)     (371) (676)
Supplemental noncash information regarding financing activities:        
Cancellation of term loans as part of refinancings (Note 5)     (2,318) (121)
Issuance of term loans as part of refinancings (Note 5)     2,318 121
Cash, cash equivalents and restricted cash:        
Cash and cash equivalents 1,876 1,568 1,876 1,568
Restricted cash included in Other current assets, net 3 2 3 2
Restricted cash included in Other assets, net 8 9 8 9
Total $ 1,887 $ 1,579 $ 1,887 $ 1,579