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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 2,546.8 $ 1,791.7
Adjustments to reconcile net income to cash provided by operating activities    
Depreciation, amortization and accretion 1,552.0 1,525.7
Stock-based compensation expense 124.1 142.6
Loss on retirement of long-term obligations 3.2 0.0
Other non-cash items reflected in statements of operations 92.5 796.3
Decrease (increase) in net deferred rent balances 24.0 (73.0)
Right-of-use asset and Operating lease liability, net 64.2 47.7
Changes in unearned revenue 59.2 81.9
Increase in assets (100.7) (237.7)
Decrease in liabilities (85.1) (38.7)
Cash provided by operating activities 4,280.2 4,036.5
CASH FLOWS FROM INVESTING ACTIVITIES    
Payments for purchase of property and equipment and construction activities (1,167.8) (1,101.2)
Payments for acquisitions, net of cash acquired (263.1) (420.2)
Proceeds from sale of short-term investments and other non-current assets 82.7 137.7
Deposits and other (18.7) (8.0)
Cash used for investing activities (1,366.9) (1,391.7)
CASH FLOWS FROM FINANCING ACTIVITIES    
Borrowings under credit facilities 4,546.1 5,307.3
Proceeds from issuance of senior notes, net 2,466.6 2,153.3
Proceeds from other borrowings 0.0 1.2
Repayments of notes payable, credit facilities, senior notes, secured debt and finance leases (6,355.5) (7,800.4)
Distributions to noncontrolling interest holders (128.5) (140.7)
Contributions from noncontrolling interest holders 5.1 148.1
Purchases of common stock (503.0) 0.0
Proceeds from stock options and employee stock purchase plan 21.0 34.6
Distributions paid on common stock (2,475.6) (2,361.0)
Payment for early retirement of long-term obligations (2.8) 0.0
Deferred financing costs and other financing activities (107.2) (107.1)
Cash used for financing activities (2,533.8) (2,764.7)
Net effect of changes in foreign currency exchange rates on cash and cash equivalents, and restricted cash 22.6 112.5
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS, AND RESTRICTED CASH 402.1 (7.4)
CASH AND CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD 1,605.2 2,108.2
CASH AND CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD 2,007.3 2,100.8
CASH PAID FOR INCOME TAXES (NET OF REFUNDS OF $11.4 AND $24.8, RESPECTIVELY) 227.5 171.8
CASH PAID FOR INTEREST 1,220.5 1,105.2
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Purchases of property and equipment under finance leases and perpetual easements 20.2 19.5
Increase (decrease) in accounts payable and accrued expenses for purchases of property and equipment and construction activities 14.0 (1.7)
Seller financed acquisition $ 0.0 $ 5.0