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Condensed Consolidated Statement of Operations and Comprehensive Income (Loss) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Net revenues:        
Site Rental $ 1,577 $ 1,568 $ 4,929 $ 4,711
Services and other 90 178 378 511
Net Revenues 1,667 1,746 5,307 5,222
Operating expenses:        
Site rental [1] 420 405 1,259 1,204
Services and other [1] 66 119 268 344
Selling, general and administrative 176 187 581 558
Asset write-down charges 8 3 30 26
Acquisition and integration costs 0 0 1 1
Depreciation, amortization and accretion 439 430 1,315 1,276
Restructuring Charges 72   72  
Total operating expenses 1,181 1,144 3,526 3,409
Operating income (loss) 486 602 1,781 1,813
Interest expense and amortization of deferred financing costs, net (217) (177) (627) (506)
Gains (losses) on retirement of long-term obligations 0 (2) 0 (28)
Interest income 3 1 10 1
Other income (expense) 0 (2) (4) (5)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 272 422 1,160 1,275
Benefit (provision) for income taxes (7) (3) (21) (14)
Net Income (Loss) Attributable to Parent 265 419 1,139 1,261
Foreign currency translation adjustments 0 [2] (2) 0 (3)
Total other comprehensive income (loss) [2] 0 (2) 0 (3)
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $ 265 $ 417 $ 1,139 $ 1,258
Earnings Per Share, Basic $ 0.61 $ 0.97 $ 2.63 $ 2.91
Earnings Per Share, Diluted $ 0.61 $ 0.97 $ 2.63 $ 2.91
Weighted-average common shares outstanding, basic 434 433 434 433
Weighted-average common shares outstanding, diluted 434 434 434 434
[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).