v3.26.3
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Income Statement [Abstract]        
OPERATING REVENUE $ 2,715 $ 3,087 $ 8,419 $ 9,361
OPERATING EXPENSES        
Cost of services and products (exclusive of depreciation and amortization) 1,432 1,700 4,282 5,011
Selling, general and administrative 784 829 2,357 2,259
Net gain on sale of business (4) 0 (569) 0
Depreciation and amortization 670 674 2,002 2,075
Goodwill impairment 0 0 0 628
Total operating expenses 2,882 3,203 8,072 9,973
OPERATING (LOSS) INCOME (167) (116) 347 (612)
OTHER (EXPENSE) INCOME        
Interest expense (189) (319) (615) (1,004)
Net gain (loss) on early retirement of debt (Note 5) 1 (395) (219) (666)
Other income, net 20 17 74 75
Total other expense, net (168) (697) (760) (1,595)
LOSS BEFORE INCOME TAXES (335) (813) (413) (2,207)
Income tax (benefit) expense (70) (192) 253 (470)
NET LOSS $ (265) $ (621) $ (666) $ (1,737)
BASIC AND DILUTED LOSS PER COMMON SHARE        
BASIC (in dollars per share) $ (0.26) $ (0.62) $ (0.66) $ (1.75)
DILUTED (in dollars per share) $ (0.26) $ (0.62) $ (0.66) $ (1.75)
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING        
BASIC (in shares) 1,004,773 995,998 1,002,590 993,937
DILUTED (in shares) 1,004,773 995,998 1,002,590 993,937