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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net income $ 175 $ 217
Adjustments to reconcile net income to net cash from operating activities    
Depreciation and amortization 254 239
Stock compensation expense 31 42
Accretion of debt 5 5
Deferred tax expense 6 25
Gains on sales of property and equipment (3) (5)
Other 14 6
Changes in assets and liabilities    
Accounts receivable (124) (135)
Other assets 26 (67)
Accounts payable (22) 14
Accrued expenses and other liabilities 26 13
Net cash provided by operating activities 389 355
Cash flows from investing activities    
Payment for purchases of property and equipment (395) (496)
Proceeds from sale of property and equipment 12 13
Net cash used in investing activities (382) (483)
Cash flows from financing activities    
Repayment of debt and finance leases (36) (39)
Payment for debt issuance costs (3) (4)
Repurchase of common stock (10) 0
Change in bank overdrafts 22 27
Payment for tax withholdings for restricted shares (48) (17)
Other 2 (1)
Net cash used in financing activities (74) (35)
Effect of exchange rates on cash, cash equivalents and restricted cash 2 0
Net decrease in cash, cash equivalents and restricted cash (65) (162)
Cash, cash equivalents and restricted cash, beginning of period 298 419
Cash, cash equivalents and restricted cash, end of period 233 256
Supplemental disclosure of cash flow information    
Leased assets obtained in exchange for new operating lease liabilities 100 144
Leased assets obtained in exchange for new finance lease liabilities 26 31
Cash paid for interest 117 101
Cash paid for income taxes, net of refunds $ 31 $ 32