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Stockholders' Deficit (Tables)
 9 Months Ended
Sep. 30, 2024
Equity [Abstract]  
Schedule of Stockholders' Deficit

The schedule below presents the reconciliation of the carrying amount of total equity, equity attributable to the Company’s stockholders, and equity attributable to noncontrolling interests as of September 30, 2024, and during each of the three-month periods following December 31, 2023 (in millions).

 

 

 

 

 

 

 

 

Community Health Systems, Inc. Stockholders

 

 

 

 

 

 

 

 

 

Redeemable
Noncontrolling
Interest

 

 

 

Common
Stock

 

 

Additional
Paid-In
Capital

 

 

Accumulated
Other
Comprehensive
(Loss) Income

 

 

Accumulated
Deficit

 

 

Noncontrolling
Interest

 

 

Total
Stockholders’
Deficit

 

Balance, December 31, 2023

 

$

323

 

 

 

$

1

 

 

$

2,185

 

 

$

(14

)

 

$

(3,564

)

 

$

245

 

 

$

(1,147

)

Comprehensive income (loss)

 

 

16

 

 

 

 

—

 

 

 

—

 

 

 

(2

)

 

 

(41

)

 

 

19

 

 

 

(24

)

Distributions to noncontrolling
   interests

 

 

(17

)

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(33

)

 

 

(33

)

Adjustment to redemption value of
   redeemable noncontrolling
   interests

 

 

(3

)

 

 

 

—

 

 

 

3

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

3

 

Cancellation of restricted stock for
   tax withholdings on vested shares

 

 

—

 

 

 

 

—

 

 

 

(2

)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(2

)

Other reclassifications of
   noncontrolling interests

 

 

10

 

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(10

)

 

 

(10

)

Share-based compensation

 

 

—

 

 

 

 

—

 

 

 

6

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

6

 

Balance, March 31, 2024

 

 

329

 

 

 

 

1

 

 

 

2,192

 

 

 

(16

)

 

 

(3,605

)

 

 

221

 

 

 

(1,207

)

Comprehensive income (loss)

 

 

15

 

 

 

 

—

 

 

 

—

 

 

 

3

 

 

 

(14

)

 

 

25

 

 

 

14

 

Distributions to noncontrolling interests

 

 

(14

)

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(20

)

 

 

(20

)

Purchases of subsidiary shares from noncontrolling
   interests

 

 

1

 

 

 

 

—

 

 

 

(2

)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(2

)

Adjustment to redemption value of redeemable
   noncontrolling interests

 

 

2

 

 

 

 

—

 

 

 

(2

)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(2

)

Other reclassifications of
   noncontrolling interests

 

 

(9

)

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

12

 

 

 

12

 

Share-based compensation

 

 

—

 

 

 

 

—

 

 

 

2

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

2

 

Balance, June 30, 2024

 

 

324

 

 

 

 

1

 

 

 

2,190

 

 

 

(13

)

 

 

(3,619

)

 

 

238

 

 

 

(1,203

)

Comprehensive income (loss)

 

 

13

 

 

 

 

—

 

 

 

—

 

 

 

5

 

 

 

(391

)

 

 

23

 

 

 

(363

)

Distributions to noncontrolling interests

 

 

(10

)

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(26

)

 

 

(26

)

Purchases of subsidiary shares from noncontrolling
   interests

 

 

—

 

 

 

 

—

 

 

 

(1

)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(1

)

Adjustment to redemption value of redeemable
   noncontrolling interests

 

 

(1

)

 

 

 

—

 

 

 

1

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1

 

Disposition of less-than-wholly owned entity

 

 

(4

)

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(4

)

 

 

(4

)

Share-based compensation

 

 

—

 

 

 

 

—

 

 

 

4

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

4

 

Balance, September 30, 2024

 

$

322

 

 

 

$

1

 

 

$

2,194

 

 

$

(8

)

 

$

(4,010

)

 

$

231

 

 

$

(1,592

)

 

The following schedule presents the reconciliation of the carrying amount of total equity, equity attributable to the Company’s stockholders, and equity attributable to the noncontrolling interests as of September 30, 2023, and during each of the three-month periods following December 31, 2022 (in millions):

 

 

 

 

 

 

 

Community Health Systems, Inc. Stockholders

 

 

 

 

 

 

 

 

 

Redeemable
Noncontrolling
Interest

 

 

 

Common
Stock

 

 

Additional
Paid-In
Capital

 

 

Accumulated
Other
Comprehensive
(Loss) Income

 

 

Accumulated
Deficit

 

 

Noncontrolling
Interest

 

 

Total
Stockholders’
Deficit

 

Balance, December 31, 2022

 

$

541

 

 

 

$

1

 

 

$

2,084

 

 

$

(21

)

 

$

(3,431

)

 

$

92

 

 

$

(1,275

)

Comprehensive income (loss)

 

 

21

 

 

 

 

—

 

 

 

—

 

 

 

3

 

 

 

(51

)

 

 

11

 

 

 

(37

)

Distributions to noncontrolling
   interests

 

 

(33

)

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(11

)

 

 

(11

)

Purchases of subsidiary shares
   from noncontrolling interests

 

 

(1

)

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Contributions from noncontrolling
   interests

 

 

1

 

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1

 

 

 

1

 

Adjustment to redemption value of
   redeemable noncontrolling
   interests

 

 

32

 

 

 

 

—

 

 

 

(32

)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(32

)

Cancellation of restricted stock for
   tax withholdings on vested
   shares

 

 

—

 

 

 

 

—

 

 

 

(4

)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(4

)

Share-based compensation

 

 

—

 

 

 

 

—

 

 

 

6

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

6

 

Balance, March 31, 2023

 

 

561

 

 

 

 

1

 

 

 

2,054

 

 

 

(18

)

 

 

(3,482

)

 

 

93

 

 

 

(1,352

)

Comprehensive income (loss)

 

 

28

 

 

 

 

—

 

 

 

—

 

 

 

(1

)

 

 

(38

)

 

 

11

 

 

 

(28

)

Distributions to noncontrolling interests

 

 

(21

)

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(19

)

 

 

(19

)

Contributions from noncontrolling interests

 

 

—

 

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1

 

 

 

1

 

Purchases of subsidiary shares from noncontrolling
   interests

 

 

(6

)

 

 

 

—

 

 

 

5

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

5

 

Noncontrolling interest in acquired entity

 

 

7

 

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Adjustment to redemption value of redeemable
   noncontrolling interests

 

 

14

 

 

 

 

—

 

 

 

(14

)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(14

)

Share-based compensation

 

 

—

 

 

 

 

—

 

 

 

4

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

4

 

Balance, June 30, 2023

 

 

583

 

 

 

 

1

 

 

 

2,049

 

 

 

(19

)

 

 

(3,520

)

 

 

86

 

 

 

(1,403

)

Comprehensive income (loss)

 

 

12

 

 

 

 

—

 

 

 

—

 

 

 

(3

)

 

 

(91

)

 

 

27

 

 

 

(67

)

Distributions to noncontrolling interests

 

 

(8

)

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(17

)

 

 

(17

)

Other reclassifications of noncontrolling interests

 

 

(265

)

 

 

 

—

 

 

 

122

 

 

 

(1

)

 

 

—

 

 

 

145

 

 

 

266

 

Adjustment to redemption value of redeemable
   noncontrolling interests

 

 

7

 

 

 

 

—

 

 

 

(7

)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(7

)

Share-based compensation

 

 

—

 

 

 

 

—

 

 

 

6

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

6

 

Balance, September 30, 2023

 

$

329

 

 

 

$

1

 

 

$

2,170

 

 

$

(23

)

 

$

(3,611

)

 

$

241

 

 

$

(1,222

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Schedule of Impact of Noncontrolling Interest to Stockholders' Deficit

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Net loss attributable to Community Health Systems,
   Inc. stockholders

 

$

(391

)

 

$

(91

)

 

$

(446

)

 

$

(180

)

Transfers to the noncontrolling interests:

 

 

 

 

 

 

 

 

 

 

 

 

Net increase in Community Health Systems,
   Inc. paid-in-capital for purchase of
   subsidiary partnership interests

 

 

1

 

 

 

—

 

 

 

4

 

 

 

5

 

Net transfers to the noncontrolling interests

 

 

1

 

 

 

—

 

 

 

4

 

 

 

5

 

Change to Community Health Systems, Inc. stockholders’
   deficit from net loss attributable to
   Community Health Systems, Inc. stockholders and
   transfers to noncontrolling interests

 

$

(390

)

 

$

(91

)

 

$

(442

)

 

$

(175

)