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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
OPERATING REVENUE    
Operating revenues $ 1,590 $ 1,784
OPERATING EXPENSES    
Cost of services and products (exclusive of depreciation and amortization) 672 771
Selling, general and administrative 337 286
Loss on sale of business 22 77
Operating expenses - affiliates 238 168
Depreciation and amortization 364 347
Total operating expenses 1,633 1,649
OPERATING (LOSS) INCOME (43) 135
OTHER (EXPENSE) INCOME    
Interest expense (129) (93)
Net gain on early retirement of debt (Note 5) 54 0
Other income, net 14 5
Total other expense, net (39) (72)
(LOSS) INCOME BEFORE INCOME TAXES (82) 63
Income tax (benefit) expense (18) 22
NET (LOSS) INCOME (64) 41
Affiliates    
OTHER (EXPENSE) INCOME    
Interest income - affiliate 22 16
Non-Affiliate Revenue    
OPERATING REVENUE    
Operating revenues 1,531 1,727
Affiliate Services    
OPERATING REVENUE    
Operating revenues $ 59 $ 57