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Operating Segments Operating Segments (Tables)

3 Months Ended

9 Months Ended

Sep. 30, 2024

Sep. 30, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

			Three Months Ended September 30, 2024																								Three Months Ended September 30, 2023
			Towers						Fiber						Other						Total						Towers						Fiber						Other						Total
Segment site rental revenues			$	1,063					$	530											$	1,593					$	1,074					$	503											$	1,577
Segment services and other revenues			54						5												59						86						4												90
Segment revenues			1,117						535												1,652						1,160						507												1,667
Segment site rental costs of operations			240						182												422						236						175												411
Segment services and other costs of operations			25						3												28						61						3												64
Segment costs of operations(a)(b)			265						185												450						297						178												475
Segment site rental gross margin			823						348												1,171						838						328												1,166
Segment services and other gross margin			29						2												31						25						1												26
Segment selling, general and administrative expenses(b)			19						40												59						24						48												72
Segment operating profit (loss)			833						310												1,143						839						281												1,120
Other selling, general and administrative expenses(b)															$	70					70																		$	75					75
Stock-based compensation expense, net															30						30																		36						36
Depreciation, amortization and accretion															432						432																		439						439
Restructuring charges															48						48																		72						72
Interest expense and amortization of deferred financing costs, net															236						236																		217						217
Other (income) expenses to reconcile to income (loss) before income taxes(c)															19						19																		9						9
Income (loss) before income taxes																					$	308																							$	272
Capital expenditures			$	32					$	257					$	8					$	297					$	49					$	287					$	11					$	347
Total assets (at period end)			$	21,018					$	16,342					$	683					$	38,043					$	21,783					$	16,237					$	679					$	38,699

(a)Exclusive of depreciation, amortization and accretion shown separately.

(b)Segment costs of operations excludes (1) stock-based compensation expense, net of $6 million and $7 million for the three months ended September 30, 2024 and 2023, respectively and (2) prepaid lease purchase price adjustments of $4 million for each of the three months ended September 30, 2024 and 2023. Segment selling, general and administrative expenses and other selling, general and administrative expenses exclude stock-based compensation expense, net of $24 million and $29 million for the three months ended September 30, 2024 and 2023, respectively.

(c)See condensed consolidated statement of operations and comprehensive income (loss) for further information.

			Nine Months Ended September 30, 2024																								Nine Months Ended September 30, 2023
			Towers						Fiber						Other						Total						Towers						Fiber						Other						Total
Segment site rental revenues			$	3,196					$	1,565											$	4,761					$	3,234					$	1,695											$	4,929
Segment services and other revenues			143						15												158						356						22												378
Segment revenues			3,339						1,580												4,919						3,590						1,717												5,307
Segment site rental costs of operations			723						542												1,265						714						518												1,232
Segment services and other costs of operations			76						10												86						252						8												260
Segment costs of operations(a)(b)			799						552												1,351						966						526												1,492
Segment site rental gross margin			2,473						1,023												3,496						2,520						1,177												3,697
Segment services and other gross margin			67						5												72						104						14												118
Segment selling, general and administrative expenses(b)			56						137												193						84						148												232
Segment operating profit (loss)			2,484						891												3,375						2,540						1,043												3,583
Other selling, general and administrative expenses(b)															$	259					259																		$	246					246
Stock-based compensation expense															108						108																		126						126
Depreciation, amortization and accretion															1,301						1,301																		1,315						1,315
Restructuring charges															104						104																		72						72
Interest expense and amortization of deferred financing costs, net															692						692																		627						627
Other (income) expenses to reconcile to income (loss) before income taxes(c)															27						27																		37						37
Income (loss) before income taxes																					$	884																							$	1,160
Capital expenditures			$	96					$	819					$	31					$	946					$	160					$	872					$	35					$	1,067

(a)Exclusive of depreciation, amortization and accretion shown separately.

(b)Segment costs of operations excludes (1) stock-based compensation expense, net of $20 million and $23 million for the nine months ended September 30, 2024 and 2023, respectively, and (2) prepaid lease purchase price adjustments of $12 million for each of the nine months ended September 30, 2024 and 2023. Segment selling, general and administrative expenses and other selling, general and administrative expenses exclude stock-based compensation expense, net of $88 million and $103 million for the nine months ended September 30, 2024 and 2023, respectively.

(c)See condensed consolidated statement of operations and comprehensive income (loss) for further information.

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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- References

No definition available.

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