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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities    
Net income $ 101 $ 69
Adjustments to reconcile net income to net cash from operating activities    
Depreciation and amortization 131 123
Stock compensation expense 13 15
Accretion of debt 3 3
Deferred tax expense 9 4
Gains on sales of property and equipment (1) (2)
Other 7 9
Changes in assets and liabilities    
Accounts receivable (146) (107)
Other assets 1 1
Accounts payable 16 (7)
Accrued expenses and other liabilities 49 35
Net cash provided by operating activities 183 142
Cash flows from investing activities    
Payment for purchases of property and equipment (111) (199)
Proceeds from sale of property and equipment 7 7
Payment for settlement of cross-currency swaps (3) 0
Net cash used in investing activities (107) (191)
Cash flows from financing activities    
Repurchase of debt (30) 0
Repayment of debt and finance leases (20) (18)
Payment for debt issuance costs 0 (3)
Repurchase of common stock (30) 0
Change in bank overdrafts 20 38
Payment for tax withholdings for restricted shares (88) (47)
Other 1 1
Net cash used in financing activities (147) (30)
Effect of exchange rates on cash, cash equivalents and restricted cash (2) 1
Net decrease in cash, cash equivalents and restricted cash (72) (78)
Cash, cash equivalents and restricted cash, beginning of period 330 298
Cash, cash equivalents and restricted cash, end of period 257 221
Supplemental disclosure of cash flow information    
Leased assets obtained in exchange for new operating lease liabilities 37 34
Leased assets obtained in exchange for new finance lease liabilities 11 16
Cash paid for interest 39 42
Cash paid (received) for income taxes, net of refunds $ 4 $ (2)