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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenue    
Revenue $ 8,585 $ 7,429
Operating Costs and Expenses    
Cost of operations (excluding depreciation and amortization shown below) 6,561 5,662
Depreciation and amortization 326 333
Selling, general and administrative costs (excluding amortization of customer acquisition costs of $65 and $42, respectively, which are included in depreciation and amortization shown separately above) 549 549
Acquisition-related transaction and integration costs 8 9
Total operating costs and expenses 7,444 6,553
Loss on sale of assets (7) (4)
Operating Income 1,134 872
Other Income/(Expense)    
Equity in earnings of unconsolidated affiliates 2 3
Other income, net 12 30
Loss on debt extinguishment 0 (58)
Interest expense (163) (152)
Total other expense (149) (177)
Income Before Income Taxes 985 695
Income tax expense 235 184
Net Income 750 511
Less: Cumulative dividends attributable to Series A Preferred Stock 17 17
Net income available for common stockholders — basic 733 494
Net income available for common stockholders — diluted $ 733 $ 494
Income per Share    
Weighted average number of common shares outstanding — basic (in shares) 198,000 209,000
Income per Weighted Average Common Share — Basic (in usd per share) $ 3.70 $ 2.36
Weighted average number of common shares outstanding — diluted (in shares) 203,000 214,000
Income per Weighted Average Common Share — Diluted (in usd per share) $ 3.61 $ 2.31