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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Net revenues $ 1,730 $ 1,771 $ 3,331 $ 3,385
Cost of revenues 1,186 1,275 2,295 2,464
Gross profit 544 496 1,036 921
Selling, general, and administrative expenses 418 389 810 741
Operating income 126 107 226 180
Interest expense, net 35 38 69 75
Loss on extinguishment of debt, net 0 0 0 3
Investment expense (income) and other, net 2 (6) 5 (11)
Other expense, net 37 32 74 67
Income before income taxes 89 75 152 113
Income tax provision 20 27 38 39
Net income 69 48 114 74
Net income (loss) attributable to common shareholders:        
Stock dividend on Series B Preferred Stock 0 (11) (7) (22)
Conversion of Series B Preferred Stock 0 0 (372) 0
Net income (loss) attributable to common shareholders $ 69 $ 37 $ (265) $ 52
Net income (loss) per common share:        
Basic (in dollars per share) $ 0.23 $ 0.12 $ (1.02) $ 0.17
Diluted (in dollars per share) $ 0.22 $ 0.12 $ (1.02) $ 0.17
Weighted average shares outstanding:        
Basic (in shares) 271,541,999 235,182,839 260,643,137 234,784,799
Diluted (in shares) 275,728,918 269,561,690 260,643,137 268,366,982