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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
shares in Millions, $ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 73.0 $ 68.0
Restricted cash 3.0 3.0
Accounts receivable, net 954.0 913.0
Inventories 172.0 171.0
Prepaid expenses and other current assets 137.0 101.0
Total current assets 1,339.0 1,256.0
Non-current assets:    
Property, plant, and equipment, net 10,491.0 10,571.0
Finance lease right-of-use assets, net 1,219.0 1,243.0
Operating lease right-of-use assets, net 705.0 724.0
Equity method investments 123.0 113.0
Goodwill 3,361.0 3,394.0
Other intangible assets, net 1,218.0 1,280.0
Other assets 300.0 290.0
Total assets 18,756.0 18,871.0
Current liabilities:    
Accounts payable and accrued liabilities 1,088.0 1,137.0
Accrued distributions 11.0 110.0
Deferred revenue 84.0 94.0
Current portion of long-term debt, net 39.0 24.0
Total current liabilities 1,222.0 1,365.0
Non-current liabilities:    
Long-term finance lease obligations 1,291.0 1,305.0
Long-term operating lease obligations 677.0 692.0
Deferred income tax liability 351.0 370.0
Long-term debt, net 9,302.0 8,958.0
Other long-term liabilities 159.0 159.0
Total liabilities 13,002.0 12,849.0
Commitments and contingencies (Note 16)
Redeemable noncontrolling interests 262.0 349.0
Stockholders’ equity:    
Common stock, $0.01 par value per share – 500 authorized shares; 162 issued and outstanding at June 30, 2024 and December 31, 2023 2.0 2.0
Additional paid-in capital - common stock $ 5,981.0 $ 5,961.0
Preferred Stock, Shares Issued 1 1
Series A preferred stock, $0.01 par value per share – 100 authorized shares; less than 1000000 issued and outstanding shares, with an aggregate liquidation preference of $1 at June 30, 2024 and December 31, 2023 $ 1.0 $ 1.0
Retained earnings (accumulated deficit) (987.0) (879.0)
Accumulated other comprehensive income (loss) (119.0) (34.0)
Total stockholders’ equity 4,878.0 5,051.0
Noncontrolling interests 614.0 622.0
Total equity 5,492.0 5,673.0
Total liabilities, redeemable noncontrolling interests, and equity $ 18,756.0 $ 18,871.0