Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENT OF STOCKHOLDERS??? EQUITY (DEFICIT)

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CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY (DEFICIT) - USD ($)
shares in Millions, $ in Millions
Total
Cumulative Effect, Adjustment
Common Stock
Accumulated Other Comprehensive (Loss) Income
Additional Paid-in Capital
Treasury Stock
Accumulated Deficit
Accumulated Deficit
Cumulative Effect, Adjustment
Beginning balance (in shares) at Dec. 31, 2022     3,891          
Beginning balance at Dec. 31, 2022 $ (3,351)   $ 4 $ (4) $ 0 $ 0 $ (3,351)  
Beginning balance (in shares) at Dec. 31, 2022           0    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Comprehensive (loss) income, net of tax 233           233  
Share-based payment expense 48       48      
Exercise of stock options and vesting of restricted stock units (in shares)     4          
Withholding taxes on net share settlement of stock-based compensation (14)       (14)      
Capital contribution from Liberty Media related to Tax Sharing Agreement (14)           (14)  
Cash dividends paid on common stock (94)       (34)   (60)  
Common stock repurchased (in shares)           17    
Common stock repurchased (67)         $ (67)    
Common stock retired (in shares)     (16)     (16)    
Common stock retired 0         $ 62 (62)  
Ending balance (in shares) at Mar. 31, 2023     3,879          
Ending balance at Mar. 31, 2023 $ (3,259)   $ 4 (4) 0 $ (5) (3,254)  
Ending balance (in shares) at Mar. 31, 2023           1    
Accounting Standards Update [Extensible Enumeration] Accounting Standards Update 2020-06 [Member]              
Beginning balance (in shares) at Dec. 31, 2022     3,891          
Beginning balance at Dec. 31, 2022 $ (3,351)   $ 4 (4) 0 $ 0 (3,351)  
Beginning balance (in shares) at Dec. 31, 2022           0    
Ending balance (in shares) at Dec. 31, 2023 3,843   3,843          
Ending balance at Dec. 31, 2023 $ (2,565) $ 3 $ 4 3 0 $ 0 (2,572) $ 3
Ending balance (in shares) at Dec. 31, 2023           0    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Comprehensive (loss) income, net of tax 258     (7)     265  
Share-based payment expense 50       50      
Exercise of stock options and vesting of restricted stock units (in shares)     4          
Exercise of stock options and vesting of restricted stock units 0       0      
Withholding taxes on net share settlement of stock-based compensation (14)       (14)      
Cash dividends paid on common stock $ (102)       (36)   (66)  
Ending balance (in shares) at Mar. 31, 2024 3,847   3,847          
Ending balance at Mar. 31, 2024 $ (2,370)   $ 4 $ (4) $ 0 $ 0 $ (2,370)  
Ending balance (in shares) at Mar. 31, 2024           0