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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Schedule of Components of Income before Income Taxes | The components of income before income taxes for the periods were as follows (in millions):
| Years Ended December 31,
| 2024 |  | 2023 |  | 2022
Domestic | $ | 302 |  |  | $ | 443 |  |  | $ | 426 |
Foreign | (11) |  |  | 4 |  |  | 8 |
Income before income taxes | $ | 291 |  |  | $ | 447 |  |  | $ | 434 |
Schedule of Provision for Income Taxes | The provision for income taxes consists of the following (in millions):
| Years Ended December 31,
| 2024 |  | 2023 |  | 2022
Current: |  |  |  |  |
Federal | $ | 8 |  |  | $ | — |  |  | $ | — |
Foreign | 4 |  |  | 4 |  |  | 5 |
State and local | 9 |  |  | 7 |  |  | 15 |
Total current | 21 |  |  | 11 |  |  | 20 |
Deferred: |  |  |  |  |
Federal | 63 |  |  | 86 |  |  | 82 |
Foreign | (6) |  |  | (1) |  |  | — |
State and local | 2 |  |  | 4 |  |  | 2 |
Total deferred | 59 |  |  | 89 |  |  | 84 |
Total income tax provision | $ | 80 |  |  | $ | 100 |  |  | $ | 104 |
Schedule of U.S. and Foreign Net Deferred Tax Assets (Liabilities) | The principal items of the U.S. and foreign net deferred tax assets (liabilities) are as follows (in millions):
| December 31, 2024 |  | December 31, 2023
Deferred tax assets: |  |  |
Employee benefit plans | $ | 4 |  |  | $ | 6 |
Tax credit carryforwards | 5 |  |  | 3 |
Right-of-use assets | 230 |  |  | 185 |
Deferred interest | 80 |  |  | 58 |
Accrued expenses | 59 |  |  | 55 |
Net operating loss carryforwards | 42 |  |  | 108 |
Total deferred tax assets | 420 |  |  | 415 |
Less: valuation allowance | (5) |  |  | (2) |
Total net deferred tax assets | 415 |  |  | 413 |
Deferred tax liabilities: |  |  |
Lease liabilities | (218) |  |  | (179) |
Prepaid expenses | (4) |  |  | (3) |
Depreciation on tangible assets | (913) |  |  | (899) |
Intangible assets | (80) |  |  | (75) |
Total deferred tax liabilities | (1,215) |  |  | (1,156) |
Net deferred tax liability | $ | (800) |  |  | $ | (743) |
Schedule of Statutory Federal Income Tax Rate to Income Before Income Taxes | The income tax in the accompanying consolidated statements of operations differs from the income tax calculated by applying the statutory federal income tax rate to income before income taxes due to the following (in millions):
| Years Ended December 31,
| 2024 |  | 2023 |  | 2022
Income tax provision at statutory rate | $ | 61 |  |  | $ | 93 |  |  | $ | 91 |
Increases (decreases) resulting from: |  |  |  |  |
Foreign taxes | — |  |  | 5 |  |  | — |
State and local income taxes, net of federal income tax | 9 |  |  | 10 |  |  | 14 |
Federal and foreign permanent items | 2 |  |  | (1) |  |  | (1) |
Change in valuation allowance | — |  |  | (2) |  |  | — |
Goodwill impairment(a) | 14 |  |  | — |  |  | — |
Tax credits | (6) |  |  | (6) |  |  | (1) |
All other items, net | — |  |  | 1 |  |  | 1 |
Income tax provision | $ | 80 |  |  | $ | 100 |  |  | $ | 104 |
(a) Relates to non-deductible goodwill impairment on Cinelease assets held for sale.

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 231 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-231 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 + Details
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