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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 290 $ 460
Accounts receivable, net of allowances of $46 and $43, respectively 1,008 954
Other current assets 224 199
Current assets of discontinued operations 0 17
Total current assets 1,522 1,630
Long-term assets    
Property and equipment, net of $1,795 and $1,679 in accumulated depreciation, respectively 2,037 1,832
Operating lease assets 704 719
Goodwill 1,493 1,472
Identifiable intangible assets, net of $423 and $392 in accumulated amortization, respectively 383 407
Other long-term assets 213 209
Total long-term assets 4,830 4,639
Total assets 6,352 6,269
Current liabilities    
Accounts payable 464 521
Accrued expenses 800 774
Short-term borrowings and current maturities of long-term debt 66 59
Short-term operating lease liabilities 110 107
Other current liabilities 93 30
Current liabilities of discontinued operations 0 16
Total current liabilities 1,533 1,507
Long-term liabilities    
Long-term debt 2,452 2,473
Deferred tax liability 301 319
Employee benefit obligations 91 93
Long-term operating lease liabilities 592 606
Other long-term liabilities 264 259
Total long-term liabilities 3,700 3,750
Stockholders’ equity    
Common stock, $0.001 par value; 300 shares authorized; 116 and 115 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively 0 0
Additional paid-in capital 1,268 1,238
Retained earnings (accumulated deficit) 43 (4)
Accumulated other comprehensive loss (192) (222)
Total equity 1,119 1,012
Total liabilities and equity $ 6,352 $ 6,269