Note 10 – Guarantor Financial Information

Pursuant to the applicable indentures and supplemental indentures, the long-term debt to affiliates and third parties, excluding Senior Secured Term Loans and capital leases, issued by T-Mobile USA (“Issuer”) is fully and unconditionally guaranteed, jointly and severally, on a senior unsecured basis by T-Mobile (“Parent”) and certain of the Issuer’s 100% owned subsidiaries (“Guarantor Subsidiaries”).

In January 2017, T-Mobile USA, and certain of its affiliates, as guarantors, borrowed $4.0 billion under the Incremental Term Loan Facility to refinance $1.98 billion of outstanding secured term loans under its Term Loan Credit Agreement dated November 9, 2015, with the remaining net proceeds from the transaction intended to be used to redeem callable high yield debt.

In March 2017, T-Mobile USA and certain of its affiliates, as guarantors, (i) issued $500 million in aggregate principal amount of public 4.000% Senior Notes due 2022, (ii) issued $500 million in aggregate principal amount of public 5.125% Senior Notes due 2025 and (iii) issued $500 million in aggregate principal amount of public 5.375% Senior Notes due 2027.

In April 2017, T-Mobile USA and certain of its affiliates, as guarantors, (i) issued $1.0 billion in aggregate principal amount of 4.000% Senior Notes due 2022, (ii) issued $1.25 billion in aggregate principal amount of 5.125% Senior Notes due 2025 and (iii) issued $750 million in aggregate principal amount of 5.375% Senior Notes due 2027. Additionally, T-Mobile USA and certain of its affiliates, as guarantors, redeemed through net settlement, all of the $1.25 billion outstanding aggregate principal amount of the 6.288% Senior Reset Notes to affiliates due 2019 and $1.25 billion in aggregate principal amount of the 6.366% Senior Reset Notes to affiliates due 2020.

In May 2017, T-Mobile USA and certain of its affiliates, as guarantors, (i) issued $2.0 billion in aggregate principal amount of 5.300% Senior Notes due 2021, (ii) issued $1.35 billion in aggregate principal amount of 6.000% Senior Notes due 2024 and (iii) issued $650 million in aggregate principal amount of 6.000% Senior Notes due 2024.

See Note 6 - Debt for further information.

The guarantees of the Guarantor Subsidiaries are subject to release in limited circumstances only upon the occurrence of certain customary conditions. The indentures and credit facilities governing the long-term debt contain covenants that, among other things, limit the ability of the Issuer and the Guarantor Subsidiaries to: incur more debt; pay dividends and make distributions; make certain investments; repurchase stock; create liens or other encumbrances; enter into transactions with affiliates; enter into transactions that restrict dividends or distributions from subsidiaries; and merge, consolidate, or sell, or otherwise dispose of, substantially all of their assets. Certain provisions of each of the credit facilities, indentures and supplemental indentures relating to the long-term debt restrict the ability of the Issuer to loan funds or make payments to Parent. However, the Issuer and Guarantor Subsidiaries are allowed to make certain permitted payments to the Parent under the terms of the indentures and the supplemental indentures.

Presented below is the condensed consolidating financial information as of June 30, 2017 and December 31, 2016, and for the three and six months ended June 30, 2017 and 2016.

Condensed Consolidating Balance Sheet Information

June 30, 2017



(in millions)	Parent		Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Consolidating and Eliminating Adjustments			Consolidated
Assets
Current assets
Cash and cash equivalents	$	43	$	1	$	121	$	16		$	—		$	181
Accounts receivable, net	—		—		1,485		234			—			1,719
Equipment installment plan receivables, net	—		—		2,060		—			—			2,060
Accounts receivable from affiliates	—		—		32		—			—			32
Inventories	—		—		1,208		—			—			1,208
Other current assets	—		—		1,010		570			—			1,580
Total current assets	43		1		5,916		820			—			6,780
Property and equipment, net ⁽¹⁾	—		—		21,083		340			—			21,423
Goodwill	—		—		1,683		—			—			1,683
Spectrum licenses	—		—		35,060		—			—			35,060
Other intangible assets, net	—		—		296		—			—			296
Investments in subsidiaries, net	19,272		37,056		—		—			(56,328		)	—
Intercompany receivables	299		9,367		—		—			(9,666		)	—
Equipment installment plan receivables due after one year, net	—		—		1,102		—			—			1,102
Other assets	—		3		507		305			—			815
Total assets	$	19,614	$	46,427	$	65,647	$	1,465		$	(65,994	)	$	67,159
Liabilities and Stockholders' Equity
Current liabilities
Accounts payable and accrued liabilities	$	—	$	261	$	5,705	$	259		$	—		$	6,225
Payables to affiliates	—		119		36		—			—			155
Short-term debt	—		5		517		—			—			522
Short-term debt to affiliates	—		680		—		—			—			680
Deferred revenue	—		—		851		—			—			851
Other current liabilities	—		—		230		165			—			395
Total current liabilities	—		1,065		7,339		424			—			8,828
Long-term debt	—		11,915		1,291		—			—			13,206
Long-term debt to affiliates	—		14,086		—		—			—			14,086
Tower obligations ⁽¹⁾	—		—		396		2,210			—			2,606
Deferred tax liabilities	—		—		5,188		—			—			5,188
Deferred rent expense	—		—		2,660		—			—			2,660
Negative carrying value of subsidiaries, net	—		—		567		—			(567		)	—
Intercompany payables	—		—		9,445		221			(9,666		)	—
Other long-term liabilities	—		89		878		4			—			971
Total long-term liabilities	—		26,090		20,425		2,435			(10,233		)	38,717
Total stockholders' equity (deficit)	19,614		19,272		37,883		(1,394		)	(55,761		)	19,614
Total liabilities and stockholders' equity	$	19,614	$	46,427	$	65,647	$	1,465		$	(65,994	)	$	67,159


(1)	Assets and liabilities for Non-Guarantor Subsidiaries are primarily included in VIEs related to the 2012 Tower Transaction. See Note 8 – Tower Obligations included in the Annual Report on Form 10-K for the year ended December 31, 2016.

Condensed Consolidating Balance Sheet Information

December 31, 2016



(in millions)	Parent		Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Consolidating and Eliminating Adjustments			Consolidated
Assets
Current assets
Cash and cash equivalents	$	358	$	2,733	$	2,342	$	67		$	—		$	5,500
Accounts receivable, net	—		—		1,675		221			—			1,896
Equipment installment plan receivables, net	—		—		1,930		—			—			1,930
Accounts receivable from affiliates	—		—		40		—			—			40
Inventories	—		—		1,111		—			—			1,111
Asset purchase deposit	—		—		2,203		—			—			2,203
Other current assets	—		—		972		565			—			1,537
Total current assets	358		2,733		10,273		853			—			14,217
Property and equipment, net ⁽¹⁾	—		—		20,568		375			—			20,943
Goodwill	—		—		1,683		—			—			1,683
Spectrum licenses	—		—		27,014		—			—			27,014
Other intangible assets, net	—		—		376		—			—			376
Investments in subsidiaries, net	17,682		35,095		—		—			(52,777		)	—
Intercompany receivables	196		6,826		—		—			(7,022		)	—
Equipment installment plan receivables due after one year, net	—		—		984		—			—			984
Other assets	—		7		600		262			(195		)	674
Total assets	$	18,236	$	44,661	$	61,498	$	1,490		$	(59,994	)	$	65,891
Liabilities and Stockholders' Equity
Current liabilities
Accounts payable and accrued liabilities	$	—	$	423	$	6,474	$	255		$	—		$	7,152
Payables to affiliates	—		79		46		—			—			125
Short-term debt	—		20		334		—			—			354
Deferred revenue	—		—		986		—			—			986
Other current liabilities	—		—		258		147			—			405
Total current liabilities	—		522		8,098		402			—			9,022
Long-term debt	—		20,741		1,091		—			—			21,832
Long-term debt to affiliates	—		5,600		—		—			—			5,600
Tower obligations ⁽¹⁾	—		—		400		2,221			—			2,621
Deferred tax liabilities	—		—		5,133		—			(195		)	4,938
Deferred rent expense	—		—		2,616		—			—			2,616
Negative carrying value of subsidiaries, net	—		—		568		—			(568		)	—
Intercompany payables	—		—		6,785		237			(7,022		)	—
Other long-term liabilities	—		116		906		4			—			1,026
Total long-term liabilities	—		26,457		17,499		2,462			(7,785		)	38,633
Total stockholders' equity (deficit)	18,236		17,682		35,901		(1,374		)	(52,209		)	18,236
Total liabilities and stockholders' equity	$	18,236	$	44,661	$	61,498	$	1,490		$	(59,994	)	$	65,891


(1)	Assets and liabilities for Non-Guarantor Subsidiaries are primarily included in VIEs related to the 2012 Tower Transaction. See Note 8 – Tower Obligations included in the Annual Report on Form 10-K for the year ended December 31, 2016.

Condensed Consolidating Statement of Comprehensive Income Information

Three Months Ended June 30, 2017



(in millions)	Parent			Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating and Eliminating Adjustments			Consolidated
Revenues
Service revenues	$	—		$	—		$	7,127		$	528		$	(210	)	$	7,445
Equipment revenues	—			—			2,575			—			(69		)	2,506
Other revenues	—			—			216			51			(5		)	262
Total revenues	—			—			9,918			579			(284		)	10,213
Operating expenses
Cost of services, exclusive of depreciation and amortization shown separately below	—			—			1,512			6			—			1,518
Cost of equipment sales	—			—			2,664			251			(69		)	2,846
Selling, general and administrative	—			—			2,933			197			(215		)	2,915
Depreciation and amortization	—			—			1,501			18			—			1,519
Gains on disposal of spectrum licenses	—			—			(1		)	—			—			(1		)
Total operating expense	—			—			8,609			472			(284		)	8,797
Operating income	—			—			1,309			107			—			1,416
Other income (expense)
Interest expense	—			(194		)	(23		)	(48		)	—			(265		)
Interest expense to affiliates	—			(132		)	(5		)	—			6			(131		)
Interest income	—			8			4			—			(6		)	6
Other expense, net	—			(91		)	(1		)	—			—			(92		)
Total other expense, net	—			(409		)	(25		)	(48		)	—			(482		)
Income (loss) before income taxes	—			(409		)	1,284			59			—			934
Income tax expense	—			—			(333		)	(20		)	—			(353		)
Earnings of subsidiaries	581			990			14			—			(1,585		)	—
Net income	581			581			965			39			(1,585		)	581
Dividends on preferred stock	(14		)	—			—			—			—			(14		)
Net income attributable to common stockholders	$	567		$	581		$	965		$	39		$	(1,585	)	$	567

Net Income	$	581		$	581		$	965		$	39		$	(1,585	)	$	581
Other comprehensive income (loss), net of tax
Other comprehensive income (loss), net of tax	1			1			1			(1		)	(1		)	1
Total comprehensive income	$	582		$	582		$	966		$	38		$	(1,586	)	$	582

Condensed Consolidating Statement of Comprehensive Income Information

Three Months Ended June 30, 2016



(in millions)	Parent			Issuer			Guarantor Subsidiaries (As adjusted - See Note 1)				Non-Guarantor Subsidiaries			Consolidating and Eliminating Adjustments			Consolidated (As adjusted - See Note 1)
Revenues
Service revenues	$	—		$	—		$	6,574			$	517		$	(203	)	$	6,888
Equipment revenues	—			—			2,298				—			(110		)	2,188
Other revenues	—			—			167			(1)	49			(5		)	211
Total revenues	—			—			9,039			(1)	566			(318		)	9,287
Operating expenses
Cost of services, exclusive of depreciation and amortization shown separately below	—			—			1,423				6			—			1,429
Cost of equipment sales	—			—			2,477				251			(109		)	2,619
Selling, general and administrative	—			—			2,764				217			(209		)	2,772
Depreciation and amortization	—			—			1,555				20			—			1,575
Cost of MetroPCS business combination	—			—			59				—			—			59
Total operating expense	—			—			8,278				494			(318		)	8,454
Operating income	—			—			761			(1)	72			—			833
Other income (expense)
Interest expense	—			(304		)	(18		)		(46		)	—			(368		)
Interest expense to affiliates	—			(93		)	—				—			—			(93		)
Interest income	—			8			(5		)	(1)	—			—			3
Other expense, net	—			—			(3		)		—			—			(3		)
Total other expense, net	—			(389		)	(26		)	(1)	(46		)	—			(461		)
Income (loss) before income taxes	—			(389		)	735				26			—			372
Income tax expense	—			—			(138		)		(9		)	—			(147		)
Earnings (loss) of subsidiaries	225			614			(1		)		—			(838		)	—
Net income	225			225			596				17			(838		)	225
Dividends on preferred stock	(14		)	—			—				—			—			(14		)
Net income attributable to common stockholders	$	211		$	225		$	596			$	17		$	(838	)	$	211

Net Income	$	225		$	225		$	596			$	17		$	(838	)	$	225
Other comprehensive income, net of tax
Other comprehensive income, net of tax	3			3			3				—			(6		)	3
Total comprehensive income	$	228		$	228		$	599			$	17		$	(844	)	$	228


(1)	The amortized imputed discount on EIP receivables previously recognized as Interest income has been retrospectively reclassified as Other revenues. See Note 1 - Basis of Presentation for further detail.

Condensed Consolidating Statement of Comprehensive Income Information

Six Months Ended June 30, 2017



(in millions)	Parent			Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating and Eliminating Adjustments			Consolidated
Revenues
Service revenues	$	—		$	—		$	14,145		$	1,053		$	(424	)	$	14,774
Equipment revenues	—			—			4,718			—			(169		)	4,549
Other revenues	—			—			410			103			(10		)	503
Total revenues	—			—			19,273			1,156			(603		)	19,826
Operating expenses
Cost of services, exclusive of depreciation and amortization shown separately below	—			—			2,914			12			—			2,926
Cost of equipment sales	—			—			5,204			497			(169		)	5,532
Selling, general and administrative	—			—			5,861			443			(434		)	5,870
Depreciation and amortization	—			—			3,047			36			—			3,083
Cost of MetroPCS business combination	—			—			—			—			—			—
Gains on disposal of spectrum licenses	—			—			(38		)	—			—			(38		)
Total operating expenses	—			—			16,988			988			(603		)	17,373
Operating income	—			—			2,285			168			—			2,453
Other income (expense)
Interest expense	—			(458		)	(50		)	(96		)	—			(604		)
Interest expense to affiliates	—			(231		)	(12		)	—			12			(231		)
Interest income	—			17			8			—			(12		)	13
Other expense, net	—			(88		)	(2		)	—			—			(90		)
Total other expense, net	—			(760		)	(56		)	(96		)	—			(912		)
Income (loss) before income taxes	—			(760		)	2,229			72			—			1,541
Income tax expense	—			—			(237		)	(25		)	—			(262		)
Earnings (loss) of subsidiaries	1,279			2,039			(17		)	—			(3,301		)	—
Net income	1,279			1,279			1,975			47			(3,301		)	1,279
Dividends on preferred stock	(28		)	—			—			—			—			(28		)
Net income attributable to common stockholders	$	1,251		$	1,279		$	1,975		$	47		$	(3,301	)	$	1,251

Net Income	$	1,279		$	1,279		$	1,975		$	47		$	(3,301	)	$	1,279
Other comprehensive income, net of tax
Other comprehensive income, net of tax	2			2			2			—			(4		)	2
Total comprehensive income	$	1,281		$	1,281		$	1,977		$	47		$	(3,305	)	$	1,281

Condensed Consolidating Statement of Comprehensive Income Information

Six Months Ended June 30, 2016



(in millions)	Parent			Issuer			Guarantor Subsidiaries (As adjusted - See Note 1)				Non-Guarantor Subsidiaries			Consolidating and Eliminating Adjustments			Consolidated (As adjusted - See Note 1)
Revenues
Service revenues	$	—		$	—		$	12,861			$	980		$	(375	)	$	13,466
Equipment revenues	—			—			4,279				—			(240		)	4,039
Other revenues	—			—			358			(1)	97			(9		)	446
Total revenues	—			—			17,498			(1)	1,077			(624		)	17,951
Operating expenses
Cost of services, exclusive of depreciation and amortization shown separately below	—			—			2,838				12			—			2,850
Cost of equipment sales	—			—			4,764				468			(239		)	4,993
Selling, general and administrative	—			—			5,488				418			(385		)	5,521
Depreciation and amortization	—			—			3,087				40			—			3,127
Cost of MetroPCS business combination	—			—			95				—			—			95
Gains on disposal of spectrum licenses	—			—			(636		)		—			—			(636		)
Total operating expenses	—			—			15,636				938			(624		)	15,950
Operating income	—			—			1,862			(1)	139			—			2,001
Other income (expense)
Interest expense	—			(578		)	(35		)		(94		)	—			(707		)
Interest expense to affiliates	—			(172		)	—				—			—			(172		)
Interest income	—			16			(10		)	(1)	—			—			6
Other expense, net	—			—			(5		)		—			—			(5		)
Total other expense, net	—			(734		)	(50		)	(1)	(94		)	—			(878		)
Income (loss) before income taxes	—			(734		)	1,812				45			—			1,123
Income tax expense	—			—			(401		)		(18		)	—			(419		)
Earnings (loss) of subsidiaries	704			1,438			(11		)		—			(2,131		)	—
Net income	704			704			1,400				27			(2,131		)	704
Dividends on preferred stock	(28		)	—			—				—			—			(28		)
Net income attributable to common stockholders	$	676		$	704		$	1,400			$	27		$	(2,131	)	$	676

Net income	$	704		$	704		$	1,400			$	27		$	(2,131	)	$	704
Other comprehensive income, net of tax
Other comprehensive income, net of tax	—			—			—				—			—			—
Total comprehensive income	$	704		$	704		$	1,400			$	27		$	(2,131	)	$	704


(1)	The amortized imputed discount on EIP receivables previously recognized as Interest income has been retrospectively reclassified as Other revenues. See Note 1 - Basis of Presentation for further detail.

Condensed Consolidating Statement of Cash Flows Information

Three Months Ended June 30, 2017



(in millions)	Parent			Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating and Eliminating Adjustments			Consolidated
Operating activities
Net cash provided by (used in) operating activities	$	1		$	(9,785	)	$	11,663		$	30		$	(80	)	$	1,829

Investing activities
Purchases of property and equipment	—			—			(1,347		)	—			—			(1,347		)
Purchases of spectrum licenses and other intangible assets, including deposits	—			—			(5,791		)	—			—			(5,791		)
Equity investment in subsidiary	(308		)	—			—			—			308			—
Other, net	—			—			5			—			—			5
Net cash used in investing activities	(308		)	—			(7,133		)	—			308			(7,133		)

Financing activities
Proceeds from issuance of long-term debt	—			4,485			—			—			—			4,485
Proceeds from borrowing on revolving credit facility, net	—			1,855			—			—			—			1,855
Repayments of revolving credit facility	—			—			(1,175		)	—			—			(1,175		)
Repayments of capital lease obligations	—			—			(119		)	—			—			(119		)
Repayments of short-term debt for purchases of inventory, property and equipment, net	—			—			(292		)	—			—			(292		)
Repayments of long-term debt	—			—			(6,750		)	—			—			(6,750		)
Equity investment from parent	—			308			—			—			(308		)	—
Tax withholdings on share-based awards	—			—			(3		)	—			—			(3		)
Intercompany dividend paid	—			—			—			(80		)	80			—
Dividends on preferred stock	(14		)	—			—			—			—			(14		)
Other, net	4			—			(7		)	—			—			(3		)
Net cash (used in) provided by financing activities	(10		)	6,648			(8,346		)	(80		)	(228		)	(2,016		)
Change in cash and cash equivalents	(317		)	(3,137		)	(3,816		)	(50		)	—			(7,320		)
Cash and cash equivalents
Beginning of period	360			3,138			3,937			66			—			7,501
End of period	$	43		$	1		$	121		$	16		$	—		$	181

Condensed Consolidating Statement of Cash Flows Information

Three Months Ended June 30, 2016



(in millions)	Parent			Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating and Eliminating Adjustments			Consolidated
Operating activities
Net cash provided by (used in) operating activities	$	3		$	(1,783	)	$	3,612		$	11		$	(75	)	$	1,768

Investing activities
Purchases of property and equipment	—			—			(1,349		)	—			—			(1,349		)
Purchases of spectrum licenses and other intangible assets, including deposits	—			—			(2,245		)	—			—			(2,245		)
Sales of short-term investments	—			2,000			923			—			—			2,923
Other, net	—			—			4			—			—			4
Net cash provided by (used in) investing activities	—			2,000			(2,667		)	—			—			(667		)

Financing activities
Proceeds from issuance of long-term debt	—			997			—			—			—			997
Repayments of capital lease obligations	—			—			(43		)	—			—			(43		)
Repayments of short-term debt for purchases of inventory, property and equipment, net	—			—			(150		)	—			—			(150		)
Repayments of long-term debt	—			—			(5		)	—			—			(5		)
Tax withholdings on share-based awards	—			—			(3		)	—			—			(3		)
Intercompany dividend paid	—			—			—			(75		)	75			—
Dividends on preferred stock	(14		)	—			—			—			—			(14		)
Other, net	13			—			(5		)	—			—			8
Net cash (used in) provided by financing activities	(1		)	997			(206		)	(75		)	75			790
Change in cash and cash equivalents	2			1,214			739			(64		)	—			1,891
Cash and cash equivalents
Beginning of period	365			1,469			1,700			113			—			3,647
End of period	$	367		$	2,683		$	2,439		$	49		$	—		$	5,538

Condensed Consolidating Statement of Cash Flows Information

Six Months Ended June 30, 2017



(in millions)	Parent			Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating and Eliminating Adjustments			Consolidated
Operating activities
Net cash provided by (used in) operating activities	$	2		$	(14,875	)	$	18,466		$	29		$	(80	)	$	3,542

Investing activities
Purchases of property and equipment	—			—			(2,875		)	—			—			(2,875		)
Purchases of spectrum licenses and other intangible assets, including deposits	—			—			(5,805		)	—			—			(5,805		)
Equity investment in subsidiary	(308		)	—			—			—			308			—
Other, net	—			—			(3		)	—			—			(3		)
Net cash used in investing activities	(308		)	—			(8,683		)	—			308			(8,683		)

Financing activities
Proceeds from issuance of long-term debt	—			9,980			—			—			—			9,980
Proceeds from borrowing on revolving credit facility, net	—			1,855			—			—			—			1,855
Repayments of revolving credit facility	—			—			(1,175		)	—			—			(1,175		)
Repayments of capital lease obligations	—			—			(209		)	—			—			(209		)
Repayments of short-term debt for purchases of inventory, property and equipment, net	—			—			(292		)	—			—			(292		)
Repayments of long-term debt	—			—			(10,230		)	—			—			(10,230		)
Equity investment from parent	—			308			—			—			(308		)	—
Tax withholdings on share-based awards	—			—			(95		)	—			—			(95		)
Intercompany dividend paid	—			—			—			(80		)	80			—
Dividends on preferred stock	(28		)	—			—			—			—			(28		)
Other, net	19			—			(3		)	—			—			16
Net cash (used in) provided by financing activities	(9		)	12,143			(12,004		)	(80		)	(228		)	(178		)
Change in cash and cash equivalents	(315		)	(2,732		)	(2,221		)	(51		)	—			(5,319		)
Cash and cash equivalents
Beginning of period	358			2,733			2,342			67			—			5,500
End of period	$	43		$	1		$	121		$	16		$	—		$	181

Condensed Consolidating Statement of Cash Flows Information

Six Months Ended June 30, 2016



(in millions)	Parent			Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating and Eliminating Adjustments			Consolidated
Operating activities
Net cash provided by (used in) operating activities	$	3		$	(2,081	)	$	4,895		$	51		$	(75	)	$	2,793

Investing activities
Purchases of property and equipment	—			—			(2,684		)	—			—			(2,684		)
Purchases of spectrum licenses and other intangible assets, including deposits	—			—			(2,839		)	—			—			(2,839		)
Sales of short-term investments	—			2,000			998			—			—			2,998
Other, net	—			—			(2		)	—			—			(2		)
Net cash provided by (used in) investing activities	—			2,000			(4,527		)	—			—			(2,527		)

Financing activities
Proceeds from issuance of long-term debt	—			997			—			—			—			997
Repayments of capital lease obligations	—			—			(79		)	—			—			(79		)
Repayments of short-term debt for purchases of inventory, property and equipment, net	—			—			(150		)	—			—			(150		)
Repayments of long-term debt	—			—			(10		)	—			—			(10		)
Tax withholdings on share-based awards	—			—			(49		)	—			—			(49		)
Intercompany dividend paid	—			—			—			(75		)	75			—
Dividends on preferred stock	(28		)	—			—			—			—			(28		)
Other, net	14			—			(5		)	—			—			9
Net cash (used in) provided by financing activities	(14		)	997			(293		)	(75		)	75			690
Change in cash and cash equivalents	(11		)	916			75			(24		)	—			956
Cash and cash equivalents
Beginning of period	378			1,767			2,364			73			—			4,582
End of period	$	367		$	2,683		$	2,439		$	49		$	—		$	5,538