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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating Activities    
Net Income $ 736 $ 364
Adjustments:    
Depreciation and amortization 412 387
Net deferred income tax benefit (1) 0
(Gain) loss on derivative instruments not designated as hedges (2) 35
Share-based compensation expense 53 45
Equity investment income (48) (41)
Amortization of debt issuance costs, discounts and premiums 23 26
Loss on extinguishment of debt and inducement expense 10 116
Changes in operating assets and liabilities:    
Increase in trade and other receivables, net (77) (57)
Decrease in inventories 9 12
Increase in prepaid expenses and other assets (112) (80)
Increase in accounts payable trade 22 78
Decrease in accrued expenses and other liabilities (151) (238)
Increase in customer deposits 838 729
Other, net (85) (48)
Net cash provided by operating activities 1,627 1,328
Investing Activities    
Purchases of property and equipment (428) (242)
Cash paid on settlement of derivative financial instruments (2) (35)
Investments in and loans to unconsolidated affiliates (26) (9)
Cash received on loans from unconsolidated affiliates 4 5
Other, net 12 (15)
Net cash used in investing activities (440) (296)
Financing Activities    
Debt proceeds 480 2,179
Debt issuance costs (3) (19)
Repayments of debt (1,221) (3,107)
Premium on repayment of debt (2) (104)
Repurchase of common stock (241) 0
Dividends paid (148) 0
Other, net (56) (40)
Net cash used in financing activities (1,191) (1,091)
Effect of exchange rate changes on cash and cash equivalents 2 (1)
Net decrease in cash and cash equivalents (2) (60)
Cash and cash equivalents at beginning of period 388 497
Cash and cash equivalents at end of period 386 437
Cash paid during the period for:    
Interest, net of amount capitalized 279 411
Non-cash Investing Activities    
Purchase of property and equipment included in accounts payable and accrued expenses and other liabilities 42 44
Non-cash Financing Activity    
Non-cash inducement on convertible notes exchange $ 7 $ 0