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Condensed Consolidated Statement of Operations and Comprehensive Income (Loss) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Net revenues:    
Site Rental $ 1,624 $ 1,576
Services and other 149 166
Net Revenues 1,773 1,742
Operating expenses:    
Site rental [1] 415 396
Services and other [1] 104 113
Selling, general and administrative 195 181
Asset write-down charges 0 14
Depreciation, amortization and accretion 431 420
Total operating expenses 1,145 1,124
Operating income (loss) 628 618
Interest expense and amortization of deferred financing costs, net (202) (164)
Gains (losses) on retirement of long-term obligations 0 (26)
Interest income 2 0
Other income (expense) (3) (1)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 425 427
Benefit (provision) for income taxes (7) (6)
Net Income (Loss) Attributable to Parent 418 421
Foreign currency translation adjustments (1) [2] 1
Total other comprehensive income (loss) $ (1) $ 1
Weighted-average common shares outstanding, basic 433 433
Weighted-average common shares outstanding, diluted 434 434
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $ 417 $ 422
Earnings Per Share, Basic $ 0.97 $ 0.97
Earnings Per Share, Diluted $ 0.97 $ 0.97
[1] Exclusive of depreciation, amortization and accretion shown separately.
[2] See the condensed consolidated statement of operations and other comprehensive income (loss) for the components of other comprehensive income (loss).