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Condensed Consolidated Statement of Operations and Comprehensive Income (Loss) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Net revenues:        
Site Rental $ 1,580 $ 1,728 $ 3,168 $ 3,352
Services and other 46 139 99 288
Net Revenues 1,626 1,867 3,267 3,640
Operating expenses:        
Site rental [1] 432 424 862 839
Services and other [1] 27 98 61 202
Selling, general and administrative 204 210 387 405
Asset write-down charges 3 22 9 22
Acquisition and integration costs 0 1 0 1
Depreciation, amortization and accretion 430 445 869 876
Restructuring Charges 45 0 56  
Total operating expenses 1,141 1,200 2,244 2,345
Operating income (loss) 485 667 1,023 1,295
Interest expense and amortization of deferred financing costs, net (230) (208) (456) (410)
Interest income 4 5 8 7
Other income (expense) (1) (2) 1 (4)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 258 462 576 888
Benefit (provision) for income taxes (7) (7) (14) (14)
Net Income (Loss) Attributable to Parent 251 455 562 874
Foreign currency translation adjustments [2] 0 1 (1) 0
Total other comprehensive income (loss) [2] 0 1 (1) 0
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $ 251 $ 456 $ 561 $ 874
Earnings Per Share, Basic $ 0.58 $ 1.05 $ 1.29 $ 2.02
Earnings Per Share, Diluted $ 0.58 $ 1.05 $ 1.29 $ 2.01
Weighted-average common shares outstanding, basic 435 434 434 433
Weighted-average common shares outstanding, diluted 435 434 435 434
[1] Exclusive of depreciation, amortization and accretion shown separately.
[2] See the condensed consolidated statement of operations and other comprehensive income (loss) for the components of other comprehensive income (loss).