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Condensed Consolidated Statement of Operations and Comprehensive Income (Loss) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Net revenues:        
Site Rental $ 1,567 $ 1,425 $ 3,143 $ 2,794
Services and other 167 158 333 274
Net Revenues 1,734 1,583 3,476 3,068
Operating expenses:        
Site rental [1] 402 389 798 770
Services and other [1] 112 105 225 186
Selling, general and administrative 190 169 371 333
Asset write-down charges 9 6 23 9
Acquisition and integration costs 1 1 1 1
Depreciation, amortization and accretion 427 408 847 816
Total operating expenses 1,141 1,078 2,265 2,115
Operating income (loss) 593 505 1,211 953
Interest expense and amortization of deferred financing costs (165) (161) (329) (330)
Gains (losses) on retirement of long-term obligations 0 (1) (26) [2] (144)
Interest income 0 1 1 1
Other income (expense) (2) (5) (4) (12)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 426 339 853 468
Benefit (provision) for income taxes (5) (6) (11) (13)
Income (loss) from continuing operations 421 333 842 455
Net gain (loss) from disposal of discontinued operations, net of tax 0 1 0 (62)
Income (loss) from discontinued operations, net of tax 0 1 0 (62)
Net income (loss) 421 334 842 393
Foreign currency translation adjustments (2) [3] $ 1 [3] (1) [3] 2
Total other comprehensive income (loss) $ (2)   $ (1) $ 2
Income (loss) from continuing operations, per share - basic $ 0.97 $ 0.77 $ 1.95 $ 1.05
Income (loss) from discontinued operations, per share - basic 0 0 0 (0.14)
Income (loss) from continuing operations, per share - diluted 0.97 0.77 1.94 1.04
Income (loss) from discontinued operations, per share - diluted $ 0 $ 0 $ 0 $ (0.14)
Weighted-average common shares outstanding, basic 433 432 433 432
Weighted-average common shares outstanding, diluted 434 434 434 434
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $ 419 $ 335 $ 841 $ 395
[1] Exclusive of depreciation, amortization and accretion shown separately.
[2] Inclusive of the write off of respective deferred financing costs.
[3] See the condensed consolidated statement of operations and other comprehensive income (loss) for the components of other comprehensive income (loss).