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Discontinued Operations and Disposal Groups (Tables) | 6 Months Ended
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Jun. 30, 2025
Discontinued Operations and Disposal Groups [Abstract] |
Disposal Groups, Including Discontinued Operations | The tables below set forth the assets and liabilities related to discontinued operations as of June 30, 2025 and December 31, 2024 and results of operations related to discontinued operations for the three and six months ended June 30, 2025 and 2024. See note 11 to our condensed consolidated financial statements for a discussion of our reportable segment.
| June 30, 2025 |  | December 31, 2024
ASSETS |  |  |
Current assets: |  |  |
Receivables, net | $ | 329 |  |  | $ | 349 |
Other current assets(a) | 91 |  |  | 80 |
Total current assets | 420 |  |  | 429 |
Property and equipment(b) | 9,223 |  |  | 8,918 |
Other intangible assets, net(b) | 1,704 |  |  | 1,744 |
Operating lease right-of-use assets and other assets, net(b) | 320 |  |  | 306 |
Valuation allowance for assets held for sale(c) | (1,064) |  |  | — |
Total assets | $ | 10,603 |  |  | $ | 11,397 |
LIABILITIES |  |  |
Current liabilities: |  |  |
Accounts payable | $ | 130 |  |  | $ | 144 |
Deferred revenues | 350 |  |  | 336 |
Operating lease liabilities and other accrued liabilities | 218 |  |  | 223 |
Current maturities of debt and other obligations | 8 |  |  | 7 |
Total current liabilities | 706 |  |  | 710 |
Debt and other long-term obligations | 23 |  |  | 20 |
Operating lease liabilities | 180 |  |  | 173 |
Deferred revenue and other long-term liabilities | 1,336 |  |  | 1,341 |
Total liabilities | $ | 2,245 |  |  | $ | 2,244 |
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Net revenues | $ | 536 |  |  | $ | 519 |  |  | $ | 1,068 |  |  | $ | 1,045 |
Operating expenses(b) | 256 |  |  | 531 |  |  | 705 |  |  | 1,039 |
Income (loss) from discontinued operations before income taxes | 280 |  |  | (12) |  |  | 363 |  |  | 6 |
Benefit (provision) for income taxes | (2) |  |  | (2) |  |  | (3) |  |  | (3) |
Income (loss) from discontinued operations before gain (loss) from disposal, net of tax | $ | 278 |  |  | $ | (14) |  |  | $ | 360 |  |  | $ | 3 |
(a)As of June 30, 2025 and December 31, 2024, inclusive of $14 million and $20 million, respectively, in cash and cash equivalents and restricted cash and cash equivalents. (b)Following the classification of the Fiber Business as "held for sale", the Company ceased depreciation and amortization of long-lived assets included in discontinued operations. (c)In addition to the loss recorded in conjunction with the valuation allowance for assets held for sale, there were $6 million and $17 million included in "Gain (loss) from disposal of discontinued operations" on the Company's condensed consolidated statement of operations and comprehensive income (loss) for the three and six months ended June 30, 2025, respectively, related to selling costs that were incurred during the respective period ended June 30, 2025.

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