Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENT OF STOCKHOLDERS??? EQUITY (DEFICIT)

v3.23.2
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, 2021     3,968          
Beginning balance at Dec. 31, 2021 $ (2,625) $ (14) $ 4 $ 15 $ 0 $ (8) $ (2,636) $ (14)
Beginning balance (in shares) at Dec. 31, 2021           1    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Comprehensive (loss) income, net of tax 599     (2)     601  
Share-based payment expense 101       101      
Exercise of stock options and vesting of restricted stock units (in shares)     8          
Withholding taxes on net share settlement of stock-based compensation (39)       (39)      
Capital contribution from Liberty Media related to Tax Sharing Agreement (25)           (25)  
Cash dividends paid on common stock (1,159)       (62)   (1,097)  
Common stock repurchased (in shares)           67    
Common stock repurchased (417)         $ (417)    
Common stock retired (in shares)     (67)     (67)    
Common stock retired 0         $ 415 (415)  
Ending balance (in shares) at Jun. 30, 2022     3,909          
Ending balance at Jun. 30, 2022 (3,579)   $ 4 13 0 $ (10) (3,586)  
Ending balance (in shares) at Jun. 30, 2022           1    
Beginning balance (in shares) at Mar. 31, 2022     3,940          
Beginning balance at Mar. 31, 2022 (3,587)   $ 4 23 0 $ (2) (3,612)  
Beginning balance (in shares) at Mar. 31, 2022           0    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Comprehensive (loss) income, net of tax 282     (10)     292  
Share-based payment expense 51       51      
Exercise of stock options and vesting of restricted stock units (in shares)     3          
Withholding taxes on net share settlement of stock-based compensation (10)       (10)      
Capital contribution from Liberty Media related to Tax Sharing Agreement (12)           (12)  
Cash dividends paid on common stock (86)       (41)   (45)  
Common stock repurchased (in shares)           35    
Common stock repurchased (217)         $ (217)    
Common stock retired (in shares)     (34)     (34)    
Common stock retired 0         $ 209 (209)  
Ending balance (in shares) at Jun. 30, 2022     3,909          
Ending balance at Jun. 30, 2022 $ (3,579)   $ 4 13 0 $ (10) (3,586)  
Ending balance (in shares) at Jun. 30, 2022           1    
Beginning balance (in shares) at Dec. 31, 2022 3,891   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         0    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Comprehensive (loss) income, net of tax $ 550     7     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 3,844   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         1    
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     7     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 3,844   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         1