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Condensed Consolidated Statement of Operations and Comprehensive Income (Loss) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Net revenues:        
Site Rental $ 1,012 $ 1,066 $ 3,031 $ 3,198
Services and other 60 54 162 143
Net Revenues 1,072 1,120 3,193 3,341
Operating expenses:        
Site rental [1] 250 247 741 740
Services and other [1] 30 27 84 81
Selling, general and administrative 97 93 289 343
Asset write-down charges 3 2 7 10
Depreciation, amortization and accretion 167 181 520 552
Restructuring Charges 0 38 0 67
Total operating expenses 547 588 1,641 1,793
Operating income (loss) 525 532 1,552 1,548
Interest expense and amortization of deferred financing costs, net (247) (236) (726) (692)
Gains (losses) on retirement of long-term obligations     0  
Interest income 3 6 10 14
Other income (expense) 0 (5) 3 (3)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 281 297 839 867
Benefit (provision) for income taxes (4) (3) (13) (14)
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent 277 294 826 853
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent 277 9 637 12
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation (231) 0 (1,313) 0
Net income (loss) from discontinued operations, net of tax 46 9 (676) 12
Net Income (Loss) Attributable to Parent 323 303 150 865
Foreign currency translation adjustments 1 0 1 (1)
Total other comprehensive income (loss) [2] 1 0 1 (1)
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $ 324 $ 303 $ 151 $ 864
Income (Loss) from Continuing Operations, Per Basic Share $ 0.64 $ 0.68 $ 1.89 $ 1.96
Discontinued Operation, Income (Loss) from Discontinued Operation, Per Basic Share 0.10 0.02 (1.55) 0.03
Earnings Per Share, Basic 0.74 0.70 0.34 1.99
Income (Loss) from Continuing Operations, Per Diluted Share 0.64 0.68 1.89 1.96
Discontinued Operation, Income (Loss) from Discontinued Operation, Per Diluted Share 0.10 0.02 (1.55) 0.03
Earnings Per Share, Diluted $ 0.74 $ 0.70 $ 0.34 $ 1.99
Weighted-average common shares outstanding, basic 435 435 435 434
Weighted-average common shares outstanding, diluted 437 436 436 435
[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).