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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenue      
Revenue $ 28,130 $ 28,823 $ 31,543
Operating Costs and Expenses      
Cost of operations (excluding depreciation and amortization shown below) 22,100 26,483 27,443
Depreciation and amortization 1,403 1,295 720
Impairment losses 36 26 206
Selling, general and administrative costs (excluding amortization of customer acquisition costs of $204, $125 and $83, respectively, which are included in depreciation and amortization shown separately above) 2,031 1,843 1,145
Provision for credit losses 314 251 11
Acquisition-related transaction and integration costs 30 119 52
Total operating costs and expenses 25,914 30,017 29,577
Gain on sale of assets 208 1,578 52
Operating Income 2,424 384 2,018
Other Income/(Expense)      
Equity in earnings of unconsolidated affiliates 20 16 6
Impairment losses on investments (7) (102) 0
Other income, net 44 47 56
(Loss)/Gain on debt extinguishment (382) 109 0
Interest expense (651) (667) (417)
Total other expense (976) (597) (355)
Income/(Loss) Before Income Taxes 1,448 (213) 1,663
Income tax expense/(benefit) 323 (11) 442
Net Income/(Loss) 1,125 (202) 1,221
Less: Cumulative dividends attributable to Series A Preferred Stock 67 54 0
Net Income/(Loss) Available for Common Stockholders 1,058 (256) 1,221
Net Income/(Loss) Available for Common Stockholders $ 1,058 $ (256) $ 1,221
Income/(Loss) Per Share      
Weighted average number of common shares outstanding — basic (in shares) 206,000 228,000 236,000
Weighted average number of common shares outstanding — diluted (in shares) 212,000 228,000 236,000
Income/(Loss) per Weighted Average Common Share - Basic (in usd per share) $ 5.14 $ (1.12) $ 5.17
Income/(Loss) per weighted average common share — diluted (in usd per share) $ 4.99 $ (1.12) $ 5.17