v3.26.3
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
OPERATING ACTIVITIES        
Net loss $ (265) $ (621) $ (666) $ (1,737)
Adjustments to reconcile net loss to net cash provided by operating activities:        
Depreciation and amortization     2,002 2,075
Net gain on sale of business (4) 0 (569) 0
Goodwill impairment 0 0 0 628
Deferred income taxes     (602) (597)
Provision for uncollectible accounts     33 47
Net loss on early retirement of debt (1) 395 219 666
Stock-based compensation     49 35
Changes in current assets and liabilities:        
Accounts receivable     (110) (92)
Accounts payable     (266) 262
Accrued income and other taxes     875 92
Other current assets and liabilities, net     (16) 68
Retirement benefits     (139) 14
Change in deferred revenue     1,832 2,468
Changes in other assets and liabilities, net     208 102
Other, net     (38) 145
Net cash provided by operating activities     2,812 4,176
INVESTING ACTIVITIES        
Capital expenditures     (2,717) (2,723)
Proceeds from sale of business     4,977 0
Payment for acquisition, net of cash acquired     (470) 0
Proceeds from sale of property, plant and equipment, and other assets     24 44
Other, net     (11) 10
Net cash provided by (used in) investing activities     1,803 (2,669)
FINANCING ACTIVITIES        
Net proceeds from issuance of long-term debt     1,728 6,920
Payments of long-term debt     (6,307) (7,259)
Debt issuance and extinguishment costs and related fees     (23) (641)
Other, net     (37) (15)
Net cash used in financing activities     (4,639) (995)
Net (decrease) increase in cash, cash equivalents and restricted cash     (24) 512
Cash, cash equivalents and restricted cash at beginning of period     1,014 1,900
Cash, cash equivalents and restricted cash at end of period 990 2,412 990 2,412
Supplemental cash flow information:        
Income taxes paid, net     (51) (12)
Interest paid (net of capitalized interest of $137 and $110)     (605) (984)
Supplemental noncash information regarding financing activities:        
Cancellation of term loans as part of refinancings (Note 5)     (2,318) (2,267)
Issuance of term loans as part of refinancings (Note 5)     2,318 2,267
Cash, cash equivalents and restricted cash:        
Cash and cash equivalents 978 2,401 978 2,401
Restricted cash included in Other current assets, net 3 3 3 3
Restricted cash included in Other assets, net 9 8 9 8
Total $ 990 $ 2,412 $ 990 $ 2,412