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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating Activities      
Net loss $ (127) $ (98) $ (283)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Depreciation and amortization 198 196 214
Deferred income taxes (2) (33) (96)
Impairments 20 65 483
Amortization of deferred financing costs and debt premium 8 8 9
(Gain) loss on the early extinguishment of debt (7) (169) 96
Loss (gain) on the sale of businesses, investments or other assets, net 3 2 (135)
Equity in (earnings) losses of unconsolidated entities (7) (9) 28
Stock-based compensation 17 12 22
Mark-to-market adjustments on derivatives 0 0 (40)
Other adjustments to net loss (2) (6) (7)
Net change in assets and liabilities, excluding the impact of acquisitions and dispositions:      
Trade receivables 4 97 (55)
Relocation receivables (12) 72 (96)
Other assets 93 105 (13)
Accounts payable, accrued expenses and other liabilities (65) (47) (195)
Dividends received from unconsolidated entities 3 8 3
Other, net (20) (16) (27)
Net cash provided by (used in) operating activities 104 187 (92)
Investing Activities      
Property and equipment additions (78) (72) (109)
Payments for acquisitions, net of cash acquired 0 (1) (17)
Net proceeds from the sale of businesses 0 8 63
Investment in unconsolidated entities 0 (1) (22)
Proceeds from the sale of investments in unconsolidated entities 0 6 13
Other, net 1 1 17
Net cash used in investing activities (77) (59) (55)
Financing Activities      
Net change in Revolving Credit Facility 205 (65) 350
Repayment of Term Loan A Facility (194) 0 0
Proceeds from issuance of Senior Secured Second Lien Notes 0 640 0
Proceeds from issuance of Senior Notes 0 0 1,000
Redemption of Senior Secured Second Lien Notes 0 0 (550)
Repurchases and redemption of Senior Notes (19) (688) (956)
Amortization payments on term loan facilities (12) (16) (10)
Net change in securitization obligations 25 (48) 44
Debt issuance costs 0 (13) (22)
Cash paid for fees associated with early extinguishment of debt 0 (2) (83)
Repurchase of common stock 0 0 (97)
Taxes paid related to net share settlement for stock-based compensation (3) (4) (16)
Other, net (23) (31) (36)
Net cash used in financing activities (21) (227) (376)
Effect of changes in exchange rates on cash, cash equivalents and restricted cash (1) 0 (2)
Net increase (decrease) in cash, cash equivalents and restricted cash 5 (99) (525)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning Balance 119 218 743
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Ending Balance 124 119 218
Supplemental Disclosure of Cash Flow Information      
Interest payments (including securitization interest of $10, $12 and $7 respectively) 158 168 164
Income tax payments, net 1 14 62
Payments to Acquire Retained Interest in Securitized Receivables $ 10 $ 12 $ 7