XML 39 R25.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Special Charges | 3 Months Ended
--- | ---
Mar. 31, 2024
Restructuring and Related Activities [Abstract] |
SPECIAL CHARGES | SPECIAL CHARGES For the three months ended March 31, operating and nonoperating special charges and unrealized (gains) losses on investments in the statements of consolidated operations consisted of the following (in millions):
| Three Months Ended March 31, |  |
| 2024 |  | 2023 |  |  |  |
Operating: |  |  |  |  |  |  |
(Gains) losses on sale of assets and other special charges | $ | 13 |  |  | $ | 14 |  |  |  |  |
Total operating special charges | 13 |  |  | 14 |  |  |  |  |
Nonoperating: |  |  |  |  |  |  |
Nonoperating unrealized (gains) losses on investments, net | 37 |  |  | (24) |  |  |  |  |
Nonoperating debt extinguishment and modification fees | 35 |  |  | — |  |  |  |  |
Total nonoperating special charges and unrealized (gains) losses on investments, net | 72 |  |  | (24) |  |  |  |  |
Total operating and nonoperating special charges and unrealized (gains) losses on investments, net | 85 |  |  | (10) |  |  |  |  |
Income tax benefit, net of valuation allowance | (11) |  |  | (3) |  |  |  |  |
Total operating and nonoperating special charges and unrealized (gains) losses on investments, net of income taxes | $ | 74 |  |  | $ | (13) |  |  |  |  |
2024 (Gains) losses on sale of assets and other special charges. During the three months ended March 31, 2024, the Company incurred $13 million of charges primarily consisting of a settlement related to a certain pilot long term disability plan, accelerated depreciation on assets with shortened lives, and other losses on disposal of assets, which were partially offset by a gain from a favorable outcome related to a certain contract dispute as well as gains on sales of assets. Nonoperating unrealized (gains) losses on investments, net. During the three months ended March 31, 2024, the Company recorded losses of $37 million primarily for the change in the market value of its investments in equity securities. Nonoperating debt extinguishment and modification fees. During the three months ended March 31, 2024, the Company recorded $35 million of charges primarily related to the refinancing of its 2021 term loans. 2023 (Gains) losses on sale of assets and other special charges. During the three months ended March 31, 2023, the Company recorded $14 million of net charges primarily comprised of accelerated depreciation related to certain of the Company's assets that were retired early and other gains and losses on the sale of assets. Nonoperating unrealized (gains) losses on investments, net. During the three months ended March 31, 2023, the Company recorded gains of $24 million primarily related to the change in the market value of its investments in equity securities

X
- Definition The entire description for costs incurred to effect a business combination that have been expensed during the period. Such costs could include business integration costs, systems integration and conversion costs, and severance and other employee-related costs. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//805/tableOfContent + Details
Name: | us-gaap_BusinessAcquisitionIntegrationRestructuringAndOtherRelatedCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration