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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 378 $ 412
Accounts receivable, net of allowances of $46 and $45, respectively 1,064 973
Other current assets 212 208
Total current assets 1,654 1,593
Long-term assets    
Property and equipment, net of $1,991 and $1,853 in accumulated depreciation, respectively 3,357 3,075
Operating lease assets 750 708
Goodwill 1,516 1,498
Identifiable intangible assets, net of $499 and $452 in accumulated amortization, respectively 381 422
Other long-term assets 266 196
Total long-term assets 6,269 5,899
Total assets 7,923 7,492
Current liabilities    
Accounts payable 445 532
Accrued expenses 805 775
Short-term borrowings and current maturities of long-term debt 68 69
Short-term operating lease liabilities 134 121
Other current liabilities 112 93
Total current liabilities 1,563 1,590
Long-term liabilities    
Long-term debt 3,343 3,335
Deferred tax liability 371 337
Employee benefit obligations 88 91
Long-term operating lease liabilities 614 588
Other long-term liabilities 303 285
Total long-term liabilities 4,719 4,636
Stockholders’ equity    
Common stock, $0.001 par value; 300 shares authorized; 116 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively 0 0
Additional paid-in capital 1,340 1,298
Retained earnings 496 185
Accumulated other comprehensive loss (195) (217)
Total equity 1,641 1,266
Total liabilities and equity $ 7,923 $ 7,492