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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities of continuing operations    
Net income $ 312 $ 131
Loss from discontinued operations, net of taxes 0 (3)
Income from continuing operations 312 134
Adjustments to reconcile income from continuing operations to net cash from operating activities    
Depreciation and amortization 365 318
Stock compensation expense 64 58
Accretion of debt 8 8
Deferred tax expense 39 16
Gains on sales of property and equipment (5) (4)
Other 0 46
Changes in assets and liabilities    
Accounts receivable (87) (141)
Other assets (71) (24)
Accounts payable (29) (38)
Accrued expenses and other liabilities 21 70
Net cash provided by operating activities from continuing operations 619 443
Cash flows from investing activities of continuing operations    
Payment for purchases of property and equipment (623) (494)
Proceeds from sale of property and equipment 17 19
Proceeds from settlement of cross-currency swaps 0 2
Proceeds from sale of investment 8 0
Net cash used in investing activities from continuing operations (598) (473)
Cash flows from financing activities of continuing operations    
Proceeds from issuance of debt 0 1,977
Repurchase of debt 0 (2,003)
Repayment of debt and finance leases (64) (50)
Payment for debt issuance costs (4) (15)
Change in bank overdrafts 32 30
Payment for tax withholdings for restricted shares (21) (12)
Other (1) 1
Net cash used in financing activities from continuing operations (59) (72)
Cash flows from discontinued operations    
Operating activities of discontinued operations 0 (11)
Investing activities of discontinued operations 0 2
Net cash used in discontinued operations 0 (9)
Effect of exchange rates on cash, cash equivalents and restricted cash 5 2
Net decrease in cash, cash equivalents and restricted cash (33) (109)
Cash, cash equivalents and restricted cash, beginning of period 419 470
Cash, cash equivalents and restricted cash, end of period 385 361
Supplemental disclosure of cash flow information    
Leased assets obtained in exchange for new operating lease liabilities 175 80
Leased assets obtained in exchange for new finance lease liabilities 62 52
Cash paid for interest 148 109
Cash paid for income taxes $ 71 $ 36