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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
REVENUE $ 1,976.0 $ 4,198.0 $ 5,096.0 $ 9,349.0
COST OF REVENUE 1,827.0 3,712.0 4,777.0 8,328.0
GROSS PROFIT 149.0 486.0 319.0 1,021.0
OPERATING EXPENSES:        
Sales, marketing and operations 124.0 276.0 312.0 552.0
General and administrative 44.0 137.0 110.0 238.0
Technology and development 39.0 41.0 79.0 81.0
Restructuring 10.0 0.0 10.0 0.0
Total operating expenses 217.0 454.0 511.0 871.0
(LOSS) INCOME FROM OPERATIONS (68.0) 32.0 (192.0) 150.0
GAIN ON EXTINGUISHMENT OF DEBT 104.0 0.0 182.0 0.0
INTEREST EXPENSE (53.0) (89.0) (127.0) (157.0)
OTHER INCOME (LOSS) – Net 41.0 4.0 60.0 (18.0)
INCOME (LOSS) BEFORE INCOME TAXES 24.0 (53.0) (77.0) (25.0)
INCOME TAX EXPENSE (1.0) (1.0) (1.0) (1.0)
NET INCOME (LOSS) $ 23.0 $ (54.0) $ (78.0) $ (26.0)
Net income (loss) per share attributable to common shareholders:        
Basic (in dollars per share) $ 0.04 $ (0.09) $ (0.12) $ (0.04)
Diluted (in dollars per share) $ 0.03 $ (0.09) $ (0.12) $ (0.04)
Weighted-average shares outstanding:        
Basic (in shares) 646,062,000 624,958,000 646,750,000 622,064,000
Diluted (in shares) 667,159,000 624,958,000 646,750,000 622,064,000