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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating Revenues    
Total operating revenues $ 2,019 $ 2,165
Operating Costs and Expenses    
Cost of operations 1,457 1,651
Depreciation and amortization 109 85
Selling, general and administrative 209 194
Reorganization costs 3 13
Development costs 3 2
Total operating costs and expenses 1,781 1,945
Gain on sale of assets 6 1
Operating Income/(Loss) 244 221
Other (Expense)/Income    
Equity in losses of unconsolidated affiliates (11) (21)
Impairment losses on investments 18 0
Other income, net 27 12
Interest expense (98) (114)
Total other income/(expense) (100) (123)
Income from Continuing Operations Before Income Taxes 144 98
Income tax expense 23 4
Income from Continuing Operations 121 94
Income from discontinued operations, net of income tax 0 388
Net Income (Loss) $ 121 $ 482
Earnings per Share    
Weighted average number of common shares outstanding — basic (in shares) 248 278
Income from continuing operations per weighted average common share — basic (in usd per share) $ 0.49 $ 0.34
(Loss)/income from discontinued operations per weighted average common share — basic (in usd per share) 0 1.39
Earnings/Loss per Weighted Average Common Share — Basic (in usd per share) $ 0.49 $ 1.73
Weighted average number of common shares outstanding — diluted (in shares) 249 280
Income from continuing operations per weighted average common share — diluted (in usd per share) $ 0.49 $ 0.34
(Loss)/income from discontinued operations per weighted average common share — diluted (in usd per share) 0 1.38
Earnings/(Loss) per Weighted Average Common Share — Diluted (in usd per share) $ 0.49 $ 1.72