Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENT OF STOCKHOLDERS??? EQUITY (DEFICIT)

v3.24.2.u1
CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY (DEFICIT) - USD ($)
shares in Millions, $ in Millions
Total
Cumulative Effect, Adjustment
Common Stock
Accumulated Other Comprehensive Income (Loss)
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 550           543  
Share-based payment expense 94       94      
Exercise of stock options and vesting of restricted stock units (in shares)     6          
Withholding taxes on net share settlement of stock-based compensation (18)       (18)      
Capital contribution from Liberty Media related to Tax Sharing Agreement 4           4  
Cash dividends paid on common stock (188)       (76)   (112)  
Common stock repurchased (in shares)           53    
Common stock repurchased (202)         $ (202)    
Common stock retired (in shares)     (52)     (52)    
Common stock retired 0         $ 199 (199)  
Ending balance (in shares) at Jun. 30, 2023     3,845          
Ending balance at Jun. 30, 2023 $ (3,111)   $ 4 3 0 $ (3) (3,115)  
Ending balance (in shares) at Jun. 30, 2023           1    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Dividend per share (in USD per share) $ 0.0484              
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    
Beginning balance (in shares) at Mar. 31, 2023     3,879          
Beginning balance at Mar. 31, 2023 (3,259)   $ 4 (4) 0 $ (5) (3,254)  
Beginning balance (in shares) at Mar. 31, 2023           1    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Comprehensive (loss) income, net of tax 317           310  
Share-based payment expense 46       46      
Exercise of stock options and vesting of restricted stock units (in shares)     2          
Withholding taxes on net share settlement of stock-based compensation (4)       (4)      
Capital contribution from Liberty Media related to Tax Sharing Agreement 18           18  
Cash dividends paid on common stock (94)       (42)   (52)  
Common stock repurchased (in shares)           36    
Common stock repurchased (135)         $ (135)    
Common stock retired (in shares)     (36)     (36)    
Common stock retired 0         $ 137 (137)  
Ending balance (in shares) at Jun. 30, 2023     3,845          
Ending balance at Jun. 30, 2023 $ (3,111)   $ 4 3 0 $ (3) (3,115)  
Ending balance (in shares) at Jun. 30, 2023           1    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Dividend per share (in USD per share) $ 0.0242              
Beginning balance (in shares) at Dec. 31, 2023 3,843   3,843          
Beginning balance at Dec. 31, 2023 $ (2,565) $ 3 $ 4 3 0 $ 0 (2,572) $ 3
Beginning balance (in shares) at Dec. 31, 2023           0    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Comprehensive (loss) income, net of tax 572     (10)     582  
Share-based payment expense 102       102      
Exercise of stock options and vesting of restricted stock units (in shares)     8          
Withholding taxes on net share settlement of stock-based compensation (20)       (20)      
Cash dividends paid on common stock $ (205)       (82)   (123)  
Ending balance (in shares) at Jun. 30, 2024 3,851   3,851          
Ending balance at Jun. 30, 2024 $ (2,113)   $ 4 (7) 0 $ 0 (2,110)  
Ending balance (in shares) at Jun. 30, 2024           0    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Dividend per share (in USD per share) $ 0.0532              
Beginning balance (in shares) at Mar. 31, 2024     3,847          
Beginning balance at Mar. 31, 2024 $ (2,370)   $ 4 (4) 0 $ 0 (2,370)  
Beginning balance (in shares) at Mar. 31, 2024           0    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Comprehensive (loss) income, net of tax 313     (3)     316  
Share-based payment expense 52       52      
Exercise of stock options and vesting of restricted stock units (in shares)     4          
Withholding taxes on net share settlement of stock-based compensation (5)       (5)      
Cash dividends paid on common stock $ (103)       (47)   (56)  
Ending balance (in shares) at Jun. 30, 2024 3,851   3,851          
Ending balance at Jun. 30, 2024 $ (2,113)   $ 4 $ (7) $ 0 $ 0 $ (2,110)  
Ending balance (in shares) at Jun. 30, 2024           0