v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 310 $ 246
Accounts receivable, net of allowances of $40 and $50, respectively 1,035 977
Other current assets 285 283
Total current assets 1,630 1,505
Long-term assets    
Property and equipment, net of $2,360 and $2,019 in accumulated depreciation, respectively 3,664 3,402
Operating lease assets 777 727
Goodwill 1,547 1,461
Identifiable intangible assets, net of $580 and $499 in accumulated amortization, respectively 311 361
Other long-term assets 265 254
Total long-term assets 6,564 6,206
Total assets 8,194 7,712
Current liabilities    
Accounts payable 455 477
Accrued expenses 760 708
Short-term borrowings and current maturities of long-term debt 60 62
Short-term operating lease liabilities 166 127
Other current liabilities 113 46
Total current liabilities 1,555 1,420
Long-term liabilities    
Long-term debt 3,253 3,325
Deferred tax liability 482 393
Employee benefit obligations 86 85
Long-term operating lease liabilities 611 603
Other long-term liabilities 345 283
Total long-term liabilities 4,778 4,690
Stockholders’ equity    
Common stock, $0.001 par value; 300 shares authorized; 117 shares issued and outstanding as of December 31, 2025 and 2024, respectively 0 0
Additional paid-in capital 1,160 1,274
Retained earnings 888 572
Accumulated other comprehensive loss (187) (246)
Total equity 1,861 1,601
Total liabilities and equity $ 8,194 $ 7,712