0001051470-22-000153 | 10-Q | XBRL Viewer

$ 1,567

$ 1,425

$ 3,143

$ 2,794

167

158

333

274

Net Revenues

1,734

1,583

3,476

3,068

Operating expenses:

Site rental

^[1]

402

389

798

770

Selling, general and administrative

^[1]

112

105

225

186

190

169

371

333

Asset write-down charges

Acquisition and integration costs

Depreciation, amortization and accretion

427

408

847

816

Total operating expenses

1,141

1,078

2,265

2,115

Operating income (loss)

593

505

1,211

953

Interest expense and amortization of deferred financing costs

(165)

(161)

(329)

(330)

Gains (losses) on retirement of long-term obligations

(1)

(26)

^[2]

(144)

Interest income

Other income (expense)

(2)

(5)

(4)

(12)

Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest

426

339

853

468

Benefit (provision) for income taxes

(5)

(6)

(11)

(13)

Income (loss) from continuing operations

421

333

842

455

Net gain (loss) from disposal of discontinued operations, net of tax

(62)

Income (loss) from discontinued operations, net of tax

(62)

421

334

842

393

(2)

^[3]

$ 1

^[3]

(1)

^[3]

Income (loss) from continuing operations, per share - basic

$ (2)

$ (1)

$ 2

$ 0.97

$ 0.77

$ 1.95

$ 1.05

Income (loss) from discontinued operations, per share - basic

(0.14)

Income (loss) from continuing operations, per share - diluted

0.97

0.77

1.94

1.04

Income (loss) from discontinued operations, per share - diluted

$ 0

$ (0.14)

Weighted-average common shares outstanding, basic

433

432

433

432

Weighted-average common shares outstanding, diluted

434

Comprehensive Income (Loss), Net of Tax, Attributable to Parent

$ 419

$ 335

$ 841

$ 395

[1]	Exclusive of depreciation, amortization and accretion shown separately.
[2]	Inclusive of the write off of respective deferred financing costs.
[3]	See the condensed consolidated statement of operations and other comprehensive income (loss) for the components of other comprehensive income (loss).

Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Millions

6 Months Ended

Jun. 30, 2022

Jun. 30, 2021

Cash flows from operating activities:

Income (loss) from continuing operations

$ 842

$ 455

Adjustments to reconcile net income (loss) from continuing operations to net cash provided by (used for) operating activities:

Depreciation, amortization and accretion

847

816

Gains (losses) on retirement of long-term obligations

^[1]

144

Amortization of deferred financing costs and other non-cash interest, net

Deferred income tax (benefit) provision

Asset write-down charges

Other non-cash adjustments, net

Changes in assets and liabilities, excluding the effects of acquisitions:

Increase (decrease) in accrued interest

(2)

(20)

Increase (decrease) in accounts payable

(8)

Increase (decrease) in other liabilities

(222)

(43)

Decrease (increase) in receivables

(3)

Decrease (increase) in other assets

(291)

(84)

Net cash provided by (used for) operating activities

1,337

1,371

Cash flows from investing activities:

Payments for acquisitions, net of cash acquired

(584)

(609)

(15)

Other investing activities, net

(10)

Net cash provided by (used for) investing activities

(609)

(616)

Cash flows from financing activities:

Proceeds from issuance of long-term debt

748

3,985

Principal payments on debt and other long-term obligations

(36)

(1,038)

Purchases and redemptions of long-term debt

(1,274)

(1,789)

Borrowings under revolving credit facility

2,050

580

Payments under revolving credit facility

(1,565)

(870)

Net issuances (repayments) under commercial paper program

687

(210)

Payments for financing costs

(8)

(39)

Purchases of common stock

(63)

(68)

Dividends/distributions paid on common stock

(1,287)

(1,163)

Net cash provided by (used for) financing activities

(748)

(612)

Net increase (decrease) in cash, cash equivalents, and restricted cash

(20)

143

Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents

Cash, cash equivalents and restricted cash at beginning of period

466

381

Cash, cash equivalents and restricted cash at end of period

$ 446

$ 525

[1]	Inclusive of the write off of respective deferred financing costs.

Condensed Consolidated Statement of Equity - USD ($)
shares in Millions, $ in Millions

Total

Common Stock [Member]

Additional Paid-in Capital [Member]

Accumulated Foreign Currency Adjustment Attributable to Parent [Member]

Dividends/Distributions in Excess of Earnings [Member]

Balance, shares Period Start at Dec. 31, 2020

431

Balance, value Period Start at Dec. 31, 2020

$ 9,461

$ 4

$ 17,933

$ (4)

$ (8,472)

Stock-based compensation related activity, net of forfeitures, value

$ 1

(68)

(1,161)

1,161

Balance, shares Period End at Jun. 30, 2021

393

432

Balance, value Period End at Jun. 30, 2021

8,713

$ 4

17,951

(2)

(9,240)

Balance, shares Period Start at Mar. 31, 2021

432

Balance, value Period Start at Mar. 31, 2021

8,923

$ 4

17,917

(3)

(8,995)

Stock-based compensation related activity, net of forfeitures, value

$ 0

(1)

^[1]

(579)

579

Balance, shares Period End at Jun. 30, 2021

334

432

Balance, value Period End at Jun. 30, 2021

8,713

$ 4

17,951

(2)

(9,240)

^[2]

Balance, shares Period Start at Dec. 31, 2021

^[2]

$ 1

432

Balance, value Period Start at Dec. 31, 2021

$ 8,258

$ 4

18,011

(4)

(9,753)

Stock-based compensation related activity, net of forfeitures, value

102

$ 1

102

(63)

^[1]

(1,277)

1,277

Balance, shares Period End at Jun. 30, 2022

$ 842

842

433

Balance, value Period End at Jun. 30, 2022

$ 7,861

$ 4

18,050

(5)

(10,188)

(1)

^[2]

Balance, shares Period Start at Mar. 31, 2022

^[2]

(1)

433

Balance, value Period Start at Mar. 31, 2022

8,036

$ 4

18,006

(3)

(9,971)

Stock-based compensation related activity, net of forfeitures, value

(1)

^[1]

(638)

638

Balance, shares Period End at Jun. 30, 2022

$ 421

421

433

Balance, value Period End at Jun. 30, 2022

$ 7,861

$ 4

$ 18,050

(5)

$ (10,188)

(2)

$ (2)

^[2]

^[2]

$ (2)

[1]	See note 7 for information regarding common dividends declared per share.
[2]	See the condensed consolidated statement of operations and other comprehensive income (loss) for the components of other comprehensive income (loss).

Amount after tax and reclassification adjustments of other comprehensive income (loss).

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Revenue from Contract with Customer [Abstract]

General	6 Months Ended
General	Jun. 30, 2022
General
General	General The information contained in the following notes to the condensed consolidated financial statements is condensed from that which would appear in the annual consolidated financial statements; accordingly, the condensed consolidated financial statements included herein should be reviewed in conjunction with the consolidated financial statements for the fiscal year ended December 31, 2021, and related notes thereto, included in the 2021 Form 10-K filed by Crown Castle Inc. ("CCI") (formerly, Crown Castle International Corp.) with the SEC. Capitalized terms used but not defined in these notes to the condensed consolidated financial statements have the same meaning given to them in the 2021 Form 10-K. References to the "Company" refer to CCI and its predecessor, as applicable, and their subsidiaries, unless otherwise indicated or the context indicates otherwise. As used herein, the term "including," and any variation thereof means "including without limitation." The use of the word "or" herein is not exclusive. Unless the context suggests otherwise, references to "U.S." are to the United States of America and Puerto Rico, collectively. The Company owns, operates and leases shared communications infrastructure that is geographically dispersed throughout the U.S., including (1) towers and other structures, such as rooftops (collectively, "towers"), and (2) fiber primarily supporting small cell networks ("small cells") and fiber solutions. The Company's towers, fiber and small cells assets are collectively referred to herein as "communications infrastructure," and the Company's customers on its communications infrastructure are referred to herein as "tenants." The Company's core business is providing access, including space or capacity, to its shared communications infrastructure via long-term contracts in various forms, including lease, license, sublease and service agreements (collectively, "tenant contracts"). The Company's operating segments consist of (1) Towers and (2) Fiber. See note 10. As part of the Company's effort to provide comprehensive communications infrastructure solutions, as an ancillary business, the Company also offers certain services primarily relating to its Towers segment, predominately consisting of (1) site development services primarily relating to existing or new tenant equipment installations, including: site acquisition, architectural and engineering, or zoning and permitting (collectively, "site development services") and (2) tenant equipment installation or subsequent augmentations (collectively, "installation services"). The Company operates as a REIT for U.S. federal income tax purposes. In addition, the Company has certain taxable REIT subsidiaries ("TRSs"). See note 6. Approximately 53% of the Company's towers are leased or subleased or operated and managed under master leases, subleases, and other agreements with AT&T and T-Mobile. The Company has the option to purchase these towers at the end of their respective lease terms. The Company has no obligation to exercise such purchase options. Basis of Presentation The condensed consolidated financial statements included herein are unaudited; however, they include all adjustments (consisting only of normal recurring adjustments) which, in the opinion of management, are necessary to state fairly the condensed consolidated financial position of the Company at June 30, 2022, the condensed consolidated results of operations for the three and six months ended June 30, 2022 and 2021, and the condensed consolidated cash flows for the six months ended June 30, 2022 and 2021. The year-end condensed consolidated balance sheet data was derived from audited financial statements, but does not include all disclosures required by GAAP. The results of operations for the interim periods presented are not necessarily indicative of the results to be expected for the full year. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities as of the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Summary of Significant Accounting Policies	6 Months Ended
Summary of Significant Accounting Policies	Jun. 30, 2022
Accounting Policies [Abstract]
Significant Accounting Policies	Summary of Significant Accounting Policies Recently Adopted Accounting Pronouncements No accounting pronouncements adopted during the six months ended June 30, 2022 had a material impact on the Company's condensed consolidated financial statements. Recent Accounting Pronouncements Not Yet Adopted No new accounting pronouncements issued but not yet adopted are expected to have a material impact on the Company's condensed consolidated financial statements.

Revenues (Notes)

6 Months Ended

Jun. 30, 2022

Revenue from Contract with Customer [Text Block]

Revenues

Site Rental Revenues

The Company generates site rental revenues from its core business by providing tenants with access, including space or capacity, to its shared communications infrastructure via long-term tenant contracts in various forms, including lease, license, sublease and service agreements. Providing such access over the length of the tenant contract term represents the Company’s sole performance obligation under its tenant contracts.

Site rental revenues from the Company's tenant contracts are recognized on a straight-line, ratable basis over the fixed, non-cancelable term of the relevant tenant contract, which generally ranges from five to 15 years for wireless tenants and three to 20 years for the Company's fiber solutions tenants (including from organizations with high-bandwidth and multi-location demands), regardless of whether the payments from the tenant are received in equal monthly amounts during the life of the tenant contract. Certain of the Company's tenant contracts contain (1) fixed escalation clauses (such as fixed dollar or fixed percentage increases) or inflation-based escalation clauses (such as those tied to the CPI), (2) multiple renewal periods exercisable at the tenant's option and (3) only limited termination rights at the applicable tenant's option through the current term. If the payment terms call for fixed escalations, upfront payments, or rent-free periods, the revenue is recognized on a straight-line basis over the fixed, non-cancelable term of the agreement. When calculating its straight-line rental revenues, the Company considers all fixed elements of tenant contractual escalation provisions, even if such escalation provisions contain a variable element in addition to a minimum. The Company's assets related to straight-line site rental revenues include current amounts of $111 million included in "Other current assets" and non-current amounts of $1.8 billion included in "Deferred site rental receivables" as of June 30, 2022. Amounts billed or received prior to being earned are deferred and reflected in "Deferred revenues" and "Other long-term liabilities." Amounts to which the Company has an unconditional right to payment, which are related to both satisfied or partially satisfied performance obligations, are recorded within "Receivables, net" on the Company's condensed consolidated balance sheet.

Services and Other Revenues

As part of the Company’s effort to provide comprehensive communications infrastructure solutions, as an ancillary business, the Company offers certain services primarily relating to its Towers segment, predominately consisting of (1) site development services and (2) installation services. Upon contract commencement, the Company assesses its services to tenants and identifies performance obligations for each promise to provide a distinct service.

The Company may have multiple performance obligations for site development services, which primarily include: structural analysis, zoning, permitting and construction drawings. For each of these performance obligations, services revenues are recognized at completion of the applicable performance obligation, which represents the point at which the Company believes it has transferred goods or services to the tenant. The revenue recognized is based on an allocation of the transaction price among the performance obligations in a respective contract based on estimated standalone selling price. The volume and mix of site development services may vary among contracts and may include a combination of some or all of the above performance obligations. Payments generally are due within 45 to 60 days and generally do not contain variable-consideration provisions. The transaction price for the Company's tower installation services consists of amounts for (1) permanent improvements to the Company's towers that represent a lease component and (2) the performance of the service. Amounts under the Company's tower installation service agreements that represent a lease component are recognized as site rental revenues on a straight-line basis over the length of the associated estimated lease term. For the performance of the installation service, the Company has one performance obligation, which is satisfied at the time of the applicable installation or augmentation and recognized as services and other revenues. Since performance obligations are typically satisfied prior to receiving payment from tenants, the unconditional right to payment is recorded within "Receivables, net" on the Company’s condensed consolidated balance sheet. The vast majority of the Company’s services generally have a duration of one year or less.

Additional Information on Revenues

As of January 1, 2022 and June 30, 2022, $2.6 billion and $2.5 billion, respectively, of unrecognized revenue was reported in "Deferred revenues" and "Other long-term liabilities" on the Company's condensed consolidated balance sheet. During the six months ended June 30, 2022, approximately $350 million of the January 1, 2022 unrecognized revenue balance was recognized as revenue. During the six months ended June 30, 2021, approximately $315 million of the January 1, 2021 unrecognized revenue balance was recognized as revenue.

The following table is a summary of the non-cancelable contracted amounts owed to the Company by tenants pursuant to tenant contracts in effect as of June 30, 2022.


	Six Months Ending December 31,		Years Ending December 31,
	2022		2023		2024		2025		2026		Thereafter		Total
Contracted amounts(a)	$	2,390	$	4,691	$	4,253	$	3,935	$	3,871	$	22,617	$	41,757

(a)Based on the nature of the contract, tenant contracts are accounted for pursuant to relevant lease accounting (ASC 842) or revenue accounting (ASC 606) guidance. Excludes amounts related to services, as those contracts generally have a duration of one year or less.

See note 10 for further information regarding the Company's operating segments.

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

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Debt and Other Obligations [Abstract]

Debt and Other Obligations

6 Months Ended

Jun. 30, 2022

Debt and Other Obligations

See note 12 for a discussion of the July 2022 amendment to the Credit Agreement governing the Company's 2016 Credit Facility ("2022 Credit Agreement Amendment").

The table below sets forth the Company's debt and other obligations as of June 30, 2022.


	Original Issue Date		Final Maturity Date(a)		Balance as of June 30, 2022			Balance as of December 31, 2021		Stated Interest Rate as of June 30, 2022(a)
3.849% Secured Notes	Dec. 2012		Apr. 2023	(h)	$	—		$	998	N/A
Secured Notes, Series 2009-1, Class A-2	July 2009		Aug. 2029		50			53		9.0	%

Tower Revenue Notes, Series 2018-1	July 2018		July 2043	(h)	—			249		N/A
Tower Revenue Notes, Series 2015-2	May 2015		May 2045	(b)	697			696		3.7	%
Tower Revenue Notes, Series 2018-2	July 2018		July 2048	(b)	745			744		4.2	%
Finance leases and other obligations	Various		Various	(c)	235			242		Various		(c)
Total secured debt					$	1,727		$	2,982
2016 Revolver	Jan. 2016		June 2026		$	1,150	(d)	$	665	2.7	%	(e)
2016 Term Loan A	Jan. 2016		June 2026		1,207			1,222		2.7	%	(e)
Commercial Paper Notes	Various	(f)	Various	(f)	952		(f)	265		2.4	%
3.150% Senior Notes	Jan. 2018		July 2023		748			747		3.2	%
3.200% Senior Notes	Aug. 2017		Sept. 2024		747			747		3.2	%
1.350% Senior Notes	June 2020		July 2025		496			496		1.4	%
4.450% Senior Notes	Feb. 2016		Feb. 2026		896			895		4.5	%
3.700% Senior Notes	May 2016		June 2026		747			746		3.7	%
1.050% Senior Notes	Feb. 2021		July 2026		991			990		1.1	%
4.000% Senior Notes	Feb. 2017		Mar. 2027		497			496		4.0	%
2.900% Senior Notes	Mar. 2022		Mar. 2027	(g)	741			—		2.9	%
3.650% Senior Notes	Aug. 2017		Sept. 2027		995			995		3.7	%
3.800% Senior Notes	Jan. 2018		Feb. 2028		993			992		3.8	%
4.300% Senior Notes	Feb. 2019		Feb. 2029		594			593		4.3	%
3.100% Senior Notes	Aug. 2019		Nov. 2029		545			545		3.1	%
3.300% Senior Notes	Apr. 2020		July 2030		739			738		3.3	%
2.250% Senior Notes	June 2020		Jan. 2031		1,090			1,089		2.3	%
2.100% Senior Notes	Feb. 2021		Apr. 2031		988			988		2.1	%
2.500% Senior Notes	June 2021		July 2031		741			741		2.5	%
2.900% Senior Notes	Feb. 2021		Apr. 2041		1,233			1,233		2.9	%
4.750% Senior Notes	May 2017		May 2047		344			344		4.8	%
5.200% Senior Notes	Feb. 2019		Feb. 2049		395			395		5.2	%
4.000% Senior Notes	Aug. 2019		Nov. 2049		346			345		4.0	%
4.150% Senior Notes	Apr. 2020		July 2050		490			490		4.2	%
3.250% Senior Notes	June 2020		Jan. 2051		890			890		3.3	%
Total unsecured debt					$	19,555		$	17,647
Total debt and other obligations					21,282			20,629
Less: current maturities and short-term debt and other current obligations					70			72
Non-current portion of long-term debt and other long-term obligations					$	21,212		$	20,557

(a)See the 2021 Form 10-K, including note 7 to the consolidated financial statements, for additional information regarding the maturity and principal amortization provisions and interest rates relating to the Company's indebtedness.

(b)If the respective series of Tower Revenue Notes are not paid in full on or prior to an applicable anticipated repayment date, then Excess Cash Flow (as defined in the indenture) of the issuers of such notes will be used to repay principal of the applicable series and class of the Tower Revenue Notes, and additional interest (of an additional approximately 5% per annum) will accrue on the respective Tower Revenue Notes. As of June 30, 2022, the Tower Revenue Notes, Series 2015-2 and Series 2018-2 have principal amounts of $700 million and $750 million, with anticipated repayment dates in 2025 and 2028, respectively.

(c)The Company's finance leases and other obligations relate to land, fiber, vehicles, and other assets and bear interest rates ranging up to 10% and mature in periods ranging from less than one year to approximately 25 years.

(d)As of June 30, 2022, the undrawn availability under the 2016 Revolver was $3.8 billion.

(e)Both the 2016 Revolver and 2016 Term Loan A bore interest, at the Company's option, at either (1) LIBOR plus a credit spread ranging from 0.875% to 1.750% per annum or (2) an alternate base rate plus a credit spread ranging from 0.000% to 0.750% per annum, in each case, with the applicable credit spread based on the Company's senior unsecured debt rating. The Company paid a commitment fee ranging from 0.080% to 0.300%, based on the Company's senior unsecured debt rating, per annum on the undrawn available amount under the 2016 Revolver. See the 2021 Form 10-K, including note 7 to the consolidated financial statements, for information regarding potential adjustments to such percentages.

(f)In March 2022, the Company increased the size of its CP Program to permit the issuance of Commercial Paper Notes in an aggregate principal amount not to exceed $2.0 billion at any time outstanding. Notes under the CP Program may be issued, repaid and re-issued from time to time. The net proceeds of the Commercial Paper Notes are expected to be used for general corporate purposes. The maturities of the Commercial Paper Notes, when outstanding, may vary but may not exceed 397 days from the date of issue. The Commercial Paper Notes are issued under customary terms in the commercial paper market and are issued at a discount from par or, alternatively, can be issued at par and bear varying interest rates on a fixed or floating basis. As of June 30, 2022, the Company had net issuances of $952 million under the CP Program. At any point in time, the Company intends to maintain available commitments under its 2016 Revolver in an amount at least equal to the amount of Commercial Paper Notes outstanding. While any outstanding Commercial Paper Notes generally have short-term maturities, the Company classifies the outstanding issuances, when applicable, as long-term based on its ability and intent to refinance the outstanding issuances on a long-term basis.

(g)In March 2022, the Company issued $750 million aggregate principal amount of 2.900% senior unsecured notes due 2027 ("March 2022 Senior Notes"). The Company used the net proceeds from the March 2022 Senior Notes offering to repay a portion of the outstanding indebtedness under its CP Program and pay related fees and expenses.

(h)In March 2022, the Company (1) prepaid in full the previously outstanding Tower Revenue Notes, Series 2018-1 and (2) redeemed in full the previously outstanding 3.849% Secured Notes.

Scheduled Principal Payments and Final Maturities

The following are the scheduled principal payments and final maturities of the total debt and other long-term obligations of the Company outstanding as of June 30, 2022, which do not consider the principal payments that will commence following the anticipated repayment dates on the Tower Revenue Notes.


	Six Months Ending December 31,			Years Ending December 31,												Total Cash Obligations		Unamortized Adjustments, Net		Total Debt and Other Obligations Outstanding
	2022			2023		2024		2025		2026			Thereafter
Scheduled principal payments and final maturities	$	992	(a)	$	841	$	844	$	638	$	4,795	(b)(c)	$	13,335	(b)	$	21,445	$	(163)	$	21,282

(a)Predominately consists of outstanding indebtedness under the CP Program (as discussed in footnote (f) above).

(b)Certain previously-reported amounts within the 2026 and Thereafter columns have been adjusted. There was no impact to the amount shown in the previously-reported Total Cash Obligations column.

(c)Inclusive of outstanding borrowings under the 2016 Credit Facility as of June 30, 2022. See note 12 for a discussion of the 2022 Credit Agreement Amendment.

Purchases and Redemptions of Long-Term Debt

The following is a summary of purchases and redemptions of long-term debt during the six months ended June 30, 2022.


	Principal Amount		Cash Paid(a)		Gains (Losses)(b)
Tower Revenue Notes, Series 2018-1	$	250	$	252	$	(3)
3.849% Secured Notes	1,000		1,022		(23)
Total	$	1,250	$	1,274	$	(26)

(a)Exclusive of accrued interest.

(b)Inclusive of the write off of respective deferred financing costs.

Interest Expense and Amortization of Deferred Financing Costs

The components of interest expense and amortization of deferred financing costs are as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Interest expense on debt obligations	$	161	$	157	$	322	$	324
Amortization of deferred financing costs and adjustments on long-term debt	7		7		13		13
Capitalized interest	(3)		(3)		(6)		(7)
Total	$	165	$	161	$	329	$	330

Fair Value Disclosures

6 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

Fair Value Disclosures


	Level in Fair Value Hierarchy	June 30, 2022				December 31, 2021
		Carrying Amount		Fair Value		Carrying Amount		Fair Value
Assets:
Cash and cash equivalents	1	$	281	$	281	$	292	$	292
Restricted cash, current and non-current	1	165		165		174		174

Liabilities:
Total debt and other obligations	2	21,282		19,442		20,629		21,588

The fair value of cash and cash equivalents and restricted cash approximate the carrying value. The Company determines the fair value of its debt securities based on indicative, non-binding quotes from brokers. Quotes from brokers require judgment and are based on the brokers' interpretation of market information, including implied credit spreads for similar borrowings on recent trades or bid/ask prices or quotes from active markets if available. Since December 31, 2021, there have been no changes in the Company's valuation techniques used to measure fair values.

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Income Taxes	6 Months Ended
Income Taxes	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company operates as a REIT for U.S. federal income tax purposes. As a REIT, the Company is generally entitled to a deduction for dividends that it pays and therefore is not subject to U.S. federal corporate income tax on its net taxable income that is currently distributed to its stockholders. The Company also may be subject to certain federal, state, local and foreign taxes on its income and assets, including (1) taxes on any undistributed income, (2) taxes related to the TRSs, (3) franchise taxes, (4) property taxes, and (5) transfer taxes. In addition, the Company could under certain circumstances be required to pay an excise or penalty tax, which could be significant in amount, in order to utilize one or more relief provisions under the Internal Revenue Code of 1986, as amended, to maintain qualification for taxation as a REIT. The Company's TRS assets and operations will continue to be subject, as applicable, to federal and state corporate income taxes or to foreign taxes in the jurisdictions in which such assets and operations are located. The Company's foreign assets and operations (including its tower operations in Puerto Rico) are subject to foreign income taxes in the jurisdictions in which such assets and operations are located, regardless of whether they are included in a TRS or not. For the six months ended June 30, 2022 and 2021, the Company's effective tax rate differed from the federal statutory rate predominately due to the Company's REIT status, including the dividends paid deduction.

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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Per Share Information

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Per Share Information

Per Share InformationBasic net income (loss), per common share, excludes dilution and is computed by dividing net income (loss) by the weighted-average number of common shares outstanding during the period. For the three and six months ended June 30, 2022 and 2021, diluted net income (loss), per common share, is computed by dividing net income (loss) by the weighted-average number of common shares outstanding during the period, plus any potential dilutive common share equivalents, including shares issuable upon the vesting of restricted stock units as determined under the treasury stock method.


	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021


Income (loss) from continuing operations for basic and diluted computations	$	421	$	333	$	842	$	455

Income (loss) from discontinued operations, net of tax	—		1		$	—	$	(62)
Net income (loss)	$	421	$	334	$	842	$	393

Weighted-average number of common shares outstanding (in millions):
Basic weighted-average number of common stock outstanding	433		432		433		432
Effect of assumed dilution from potential issuance of common shares relating to restricted stock units	1		2		1		2
Diluted weighted-average number of common shares outstanding	434		434		434		434

Net income (loss), per common share:
Income (loss) from continuing operations, basic	$	0.97	$	0.77	$	1.95	$	1.05
Income (loss) from discontinued operations, basic	—		—		—		(0.14)
Net income (loss)—basic	$	0.97	$	0.77	$	1.95	$	0.91
Income (loss) from continuing operations, diluted	$	0.97	$	0.77	$	1.94	$	1.04
Income (loss) from discontinued operations, diluted	—		—		—		(0.14)
Net income (loss)—diluted	$	0.97	$	0.77	$	1.94	$	0.90

Dividends/distributions declared per share of common stock	$	1.47	$	1.33	$	2.94	$	2.66

During the six months ended June 30, 2022, the Company granted one million restricted stock units to the Company's executives and certain other employees.

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Durham Lawsuits The Company has received notices of claims and has been named as one of several defendants in lawsuits stemming from an April 2019 gas leak explosion in Durham, North Carolina, which occurred near an area where the Company's subcontractors were installing fiber. The explosion resulted in two fatalities, physical injuries (some of which were serious), and property damage to surrounding buildings and businesses. Currently, the Company is unable to determine the likelihood of an outcome or estimate a range of possible losses, if any, related to these lawsuits. Other Matters The Company is involved in various other claims, assessments, lawsuits or proceedings arising in the ordinary course of business. While there are uncertainties inherent in the ultimate outcome of such other matters and it is impossible to presently determine the ultimate costs or losses that may be incurred, if any, management believes the adverse resolution of such uncertainties and the incurrence of such costs should not have a material adverse effect on the Company's condensed consolidated financial position or results of operations. Additionally, the Company and certain of its subsidiaries are contingently liable for commitments or performance guarantees arising in the ordinary course of business, including certain letters of credit or surety bonds. In addition, see note 1 for a discussion of the Company's option to purchase approximately 53% of its towers at the end of their respective lease terms. The Company has no obligation to exercise such purchase options.

Equity

6 Months Ended

Jun. 30, 2022

Equity [Abstract]

Equity

Declaration and Payment of Dividends

During the six months ended June 30, 2022, the following dividends/distributions were declared or paid:

Equity Type

Declaration Date

Record Date

Payment Date

Dividends Per Share

Aggregate

Payment

Amount(a)

Common Stock

February 8, 2022

March 15, 2022

March 31, 2022

1.47

639

Common Stock

May 9, 2022

June 15, 2022

June 30, 2022

1.47

638

(a)Inclusive of dividends accrued for holders of unvested restricted stock units, which will be paid when and if the restricted stock units vest.

Purchases of the Company's Common Stock

For the six months ended June 30, 2022, the Company purchased 0.4 million shares of its common stock utilizing $63 million in cash. The shares of common stock purchased relate to shares withheld in connection with the payment of withholding taxes upon vesting of restricted stock units.

2021 "At-the-Market" Stock Offering Program

In March 2021, the Company established an "at-the-market" stock offering program through which it may issue and sell shares of its common stock having an aggregate gross sales price of up to $750 million ("2021 ATM Program"). Sales under the 2021 ATM Program may be made by means of ordinary brokers' transactions on the NYSE or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or, subject to the Company's specific instructions, at negotiated prices. The Company intends to use the net proceeds from any sales under the 2021 ATM Program for general corporate purposes, which may include (1) the funding of future acquisitions or investments or (2) the repayment or repurchase of any outstanding indebtedness. The Company has not sold any shares of common stock under the 2021 ATM Program.

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

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Operating Segments

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Operating Segments

The Company's operating segments consist of (1) Towers and (2) Fiber. The Towers segment provides access, including space or capacity, to the Company's more than 40,000 towers geographically dispersed throughout the U.S. The Towers segment also reflects certain ancillary services relating to the Company's towers, predominately consisting of site development services and installation services. The Fiber segment provides access, including space or capacity, to the Company's approximately 85,000 route miles of fiber primarily supporting small cell networks and fiber solutions geographically dispersed throughout the U.S.

The measurements of profit or loss used by the Company's chief operating decision maker ("CODM") to evaluate the performance of its operating segments are (1) segment site rental gross margin, (2) segment services and other gross margin and (3) segment operating profit. The Company defines segment site rental gross margin as segment site rental revenues less segment site rental costs of operations, excluding stock-based compensation expense and amortization of prepaid lease purchase price adjustments recorded in consolidated site rental costs of operations. The Company defines segment services and other gross margin as segment services and other revenues less segment services and other costs of operations, excluding stock-based compensation expense recorded in consolidated services and other costs of operations. The Company defines segment operating profit as segment site rental gross margin plus segment services and other gross margin, and segment other operating (income) expense, less selling, general and administrative expenses attributable to the respective segment. All of these measurements of profit or loss are exclusive of depreciation, amortization and accretion, which are shown separately.

The following tables set forth the Company's segment operating results for the three and six months ended June 30, 2022 and 2021. Costs that are directly attributable to Towers and Fiber are assigned to those respective segments. Additionally, certain costs are shared across segments and are reflected in the Company's segment measures through allocations that management believes to be reasonable. The "Other" column (1) represents amounts excluded from specific segments, such as asset write-down charges, acquisition and integration costs, depreciation, amortization and accretion, amortization of prepaid lease purchase price adjustments, interest expense and amortization of deferred financing costs, gains (losses) on retirement of long-term obligations, interest income, other income (expense), income (loss) from discontinued operations, and stock-based compensation expense, and (2) reconciles segment operating profit to income (loss) before income taxes, as the amounts are not utilized in assessing each segment’s performance. The "Other" total assets balance includes corporate assets such as cash and cash equivalents which have not been allocated to specific segments. There are no significant revenues resulting from transactions between the Company's operating segments.


	Three Months Ended June 30, 2022								Three Months Ended June 30, 2021
	Towers		Fiber		Other		Consolidated Total		Towers		Fiber		Other		Consolidated Total
Segment site rental revenues	$	1,078	$	489			$	1,567	$	952	$	473			$	1,425
Segment services and other revenues	164		3				167		154		4				158
Segment revenues	1,242		492				1,734		1,106		477				1,583
Segment site rental costs of operations	232		162				394		221		161				382
Segment services and other costs of operations	107		2				109		100		3				103
Segment costs of operations(a)(b)	339		164				503		321		164				485
Segment site rental gross margin	846		327				1,173		731		312				1,043
Segment services and other gross margin	57		1				58		54		1				55
Segment selling, general and administrative expenses(b)	28		46				74		26		44				70
Segment operating profit (loss)	875		282				1,157		759		269				1,028
Other selling, general and administrative expenses					$	79	79						$	70	70
Stock-based compensation expense					44		44						34		34
Depreciation, amortization and accretion					427		427						408		408
Interest expense and amortization of deferred financing costs					165		165						161		161
Other (income) expenses to reconcile to income (loss) before income taxes(c)					16		16						16		16
Income (loss) before income taxes							$	426							$	339
Capital expenditures	$	45	$	247	$	11	$	303	$	63	$	235	$	10	$	308
Total assets (at period end)	$	22,286	$	15,859	$	868	$	39,013	$	22,207	$	15,771	$	995	$	38,973

(a)Exclusive of depreciation, amortization and accretion shown separately.

(b)Segment costs of operations excludes (1) stock-based compensation of $7 million and $5 million for the three months ended June 30, 2022 and 2021, respectively and (2) prepaid lease purchase price adjustments of $4 million for each of the three months ended June 30, 2022 and 2021. Selling, general and administrative expenses exclude stock-based compensation expense of $37 million and $29 million for the three months ended June 30, 2022 and 2021, respectively.

(c)See condensed consolidated statement of operations for further information.


	Six Months Ended June 30, 2022								Six Months Ended June 30, 2021
	Towers		Fiber		Other		Consolidated Total		Towers		Fiber		Other		Consolidated Total
Segment site rental revenues	$	2,153	$	990			$	3,143	$	1,847	$	947			$	2,794
Segment services and other revenues	327		6				333		265		9				274
Segment revenues	2,480		996				3,476		2,112		956				3,068
Segment site rental costs of operations	458		323				781		433		322				755
Segment services and other costs of operations	216		4				220		175		6				181
Segment costs of operations(a)(b)	674		327				1,001		608		328				936
Segment site rental gross margin	1,695		667				2,362		1,414		625				2,039
Segment services and other gross margin	111		2				113		90		3				93
Segment selling, general and administrative expenses(b)	56		93				149		51		89				140
Segment operating profit (loss)	1,750		576				2,326		1,453		539				1,992
Other selling, general and administrative expenses					$	153	153						$	136	136
Stock-based compensation expense					83		83						68		68
Depreciation, amortization and accretion					847		847						816		816
Interest expense and amortization of deferred financing costs					329		329						330		330
Other (income) expenses to reconcile to income (loss) before income taxes(c)					61		61						174		174
Income (loss) before income taxes							$	853							$	468
Capital expenditures	$	92	$	469	$	23	$	584	$	114	$	472	$	23	$	609

(a)Exclusive of depreciation, amortization and accretion shown separately.

(b)Segment costs of operations excludes (1) stock-based compensation expense of $14 million and $11 million for the six months ended June 30, 2022 and 2021, respectively, and (2) prepaid lease purchase price adjustments of $8 million and $9 million for the six months ended June 30, 2022 and 2021, respectively. Selling, general and administrative expenses exclude stock-based compensation expense of $69 million and $57 million for the six months ended June 30, 2022 and 2021, respectively.

(c)See condensed consolidated statement of operations for further information.

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

Supplemental Cash Flow Elements [Abstract]

Supplemental Cash Flow Information

6 Months Ended

Jun. 30, 2022

Supplemental Cash Flow Information

The following table is a summary of the Company's supplemental cash flow information:


	Six Months Ended June 30,
	2022		2021
Supplemental disclosure of cash flow information:
Cash payments related to operating lease liabilities(a)	$	278	$	274
Interest paid	324		344
Income taxes paid	9		13
Supplemental disclosure of non-cash operating, investing and financing activities:
New ROU assets obtained in exchange for operating lease liabilities	155		324
Increase (decrease) in accounts payable for purchases of property and equipment	(7)		(16)
Purchase of property and equipment under finance leases and installment purchases	10		23

(a)Excludes the Company's contingent payments pursuant to operating leases, which are recorded as expense in the period such contingencies are resolved.

The reconciliation of cash, cash equivalents, and restricted cash reported within various lines on the condensed consolidated balance sheet to amounts reported in the condensed consolidated statement of cash flows is shown below.


	June 30, 2022		December 31, 2021
Cash and cash equivalents	$	281	$	292
Restricted cash, current	160		169
Restricted cash reported within other assets, net	5		5
Cash, cash equivalents and restricted cash	$	446	$	466

Summary of Significant Accounting Policies (Policies)	6 Months Ended
Summary of Significant Accounting Policies (Policies)	Jun. 30, 2022
Accounting Policies [Abstract]
Recent accounting prounouncements	Recently Adopted Accounting Pronouncements No accounting pronouncements adopted during the six months ended June 30, 2022 had a material impact on the Company's condensed consolidated financial statements. Recent Accounting Pronouncements Not Yet Adopted No new accounting pronouncements issued but not yet adopted are expected to have a material impact on the Company's condensed consolidated financial statements.

Revenues (Tables)

6 Months Ended

Jun. 30, 2022

Revenue from Contract with Customer [Abstract]

Lessor, Operating Lease, Payment to be Received, Fiscal Year Maturity

The following table is a summary of the non-cancelable contracted amounts owed to the Company by tenants pursuant to tenant contracts in effect as of June 30, 2022.


	Six Months Ending December 31,		Years Ending December 31,
	2022		2023		2024		2025		2026		Thereafter		Total
Contracted amounts(a)	$	2,390	$	4,691	$	4,253	$	3,935	$	3,871	$	22,617	$	41,757

Debt and Other Obligations (Tables)

6 Months Ended

Jun. 30, 2022

Debt and Other Obligations [Abstract]

Schedule of Long-Term Debt Instruments

The table below sets forth the Company's debt and other obligations as of June 30, 2022.


	Original Issue Date		Final Maturity Date(a)		Balance as of June 30, 2022			Balance as of December 31, 2021		Stated Interest Rate as of June 30, 2022(a)
3.849% Secured Notes	Dec. 2012		Apr. 2023	(h)	$	—		$	998	N/A
Secured Notes, Series 2009-1, Class A-2	July 2009		Aug. 2029		50			53		9.0	%

Tower Revenue Notes, Series 2018-1	July 2018		July 2043	(h)	—			249		N/A
Tower Revenue Notes, Series 2015-2	May 2015		May 2045	(b)	697			696		3.7	%
Tower Revenue Notes, Series 2018-2	July 2018		July 2048	(b)	745			744		4.2	%
Finance leases and other obligations	Various		Various	(c)	235			242		Various		(c)
Total secured debt					$	1,727		$	2,982
2016 Revolver	Jan. 2016		June 2026		$	1,150	(d)	$	665	2.7	%	(e)
2016 Term Loan A	Jan. 2016		June 2026		1,207			1,222		2.7	%	(e)
Commercial Paper Notes	Various	(f)	Various	(f)	952		(f)	265		2.4	%
3.150% Senior Notes	Jan. 2018		July 2023		748			747		3.2	%
3.200% Senior Notes	Aug. 2017		Sept. 2024		747			747		3.2	%
1.350% Senior Notes	June 2020		July 2025		496			496		1.4	%
4.450% Senior Notes	Feb. 2016		Feb. 2026		896			895		4.5	%
3.700% Senior Notes	May 2016		June 2026		747			746		3.7	%
1.050% Senior Notes	Feb. 2021		July 2026		991			990		1.1	%
4.000% Senior Notes	Feb. 2017		Mar. 2027		497			496		4.0	%
2.900% Senior Notes	Mar. 2022		Mar. 2027	(g)	741			—		2.9	%
3.650% Senior Notes	Aug. 2017		Sept. 2027		995			995		3.7	%
3.800% Senior Notes	Jan. 2018		Feb. 2028		993			992		3.8	%
4.300% Senior Notes	Feb. 2019		Feb. 2029		594			593		4.3	%
3.100% Senior Notes	Aug. 2019		Nov. 2029		545			545		3.1	%
3.300% Senior Notes	Apr. 2020		July 2030		739			738		3.3	%
2.250% Senior Notes	June 2020		Jan. 2031		1,090			1,089		2.3	%
2.100% Senior Notes	Feb. 2021		Apr. 2031		988			988		2.1	%
2.500% Senior Notes	June 2021		July 2031		741			741		2.5	%
2.900% Senior Notes	Feb. 2021		Apr. 2041		1,233			1,233		2.9	%
4.750% Senior Notes	May 2017		May 2047		344			344		4.8	%
5.200% Senior Notes	Feb. 2019		Feb. 2049		395			395		5.2	%
4.000% Senior Notes	Aug. 2019		Nov. 2049		346			345		4.0	%
4.150% Senior Notes	Apr. 2020		July 2050		490			490		4.2	%
3.250% Senior Notes	June 2020		Jan. 2051		890			890		3.3	%
Total unsecured debt					$	19,555		$	17,647
Total debt and other obligations					21,282			20,629
Less: current maturities and short-term debt and other current obligations					70			72
Non-current portion of long-term debt and other long-term obligations					$	21,212		$	20,557

(d)As of June 30, 2022, the undrawn availability under the 2016 Revolver was $3.8 billion.

(h)In March 2022, the Company (1) prepaid in full the previously outstanding Tower Revenue Notes, Series 2018-1 and (2) redeemed in full the previously outstanding 3.849% Secured Notes.

Schedule of Maturities of Long-term Debt


	Six Months Ending December 31,			Years Ending December 31,												Total Cash Obligations		Unamortized Adjustments, Net		Total Debt and Other Obligations Outstanding
	2022			2023		2024		2025		2026			Thereafter
Scheduled principal payments and final maturities	$	992	(a)	$	841	$	844	$	638	$	4,795	(b)(c)	$	13,335	(b)	$	21,445	$	(163)	$	21,282

(a)Predominately consists of outstanding indebtedness under the CP Program (as discussed in footnote (f) above).

(b)Certain previously-reported amounts within the 2026 and Thereafter columns have been adjusted. There was no impact to the amount shown in the previously-reported Total Cash Obligations column.

(c)Inclusive of outstanding borrowings under the 2016 Credit Facility as of June 30, 2022. See note 12 for a discussion of the 2022 Credit Agreement Amendment.

Debt Instrument Redemption [Table Text Block]

Purchases and Redemptions of Long-Term Debt

The following is a summary of purchases and redemptions of long-term debt during the six months ended June 30, 2022.


	Principal Amount		Cash Paid(a)		Gains (Losses)(b)
Tower Revenue Notes, Series 2018-1	$	250	$	252	$	(3)
3.849% Secured Notes	1,000		1,022		(23)
Total	$	1,250	$	1,274	$	(26)

(a)Exclusive of accrued interest.

(b)Inclusive of the write off of respective deferred financing costs.

Components of Interest Expense and Amortization of Deferred Financing Costs

Interest Expense and Amortization of Deferred Financing Costs

The components of interest expense and amortization of deferred financing costs are as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Interest expense on debt obligations	$	161	$	157	$	322	$	324
Amortization of deferred financing costs and adjustments on long-term debt	7		7		13		13
Capitalized interest	(3)		(3)		(6)		(7)
Total	$	165	$	161	$	329	$	330

Fair Value Disclosures (Tables)

6 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

Estimated Fair Values and Carrying Amounts of Assets and Liabilities


	Level in Fair Value Hierarchy	June 30, 2022				December 31, 2021
		Carrying Amount		Fair Value		Carrying Amount		Fair Value
Assets:
Cash and cash equivalents	1	$	281	$	281	$	292	$	292
Restricted cash, current and non-current	1	165		165		174		174

Liabilities:
Total debt and other obligations	2	21,282		19,442		20,629		21,588

Per Share Information (Tables)

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Reconciliation of the Numerators and Denominators of the Basic and Diluted Per Share Computations


	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021


Income (loss) from continuing operations for basic and diluted computations	$	421	$	333	$	842	$	455

Income (loss) from discontinued operations, net of tax	—		1		$	—	$	(62)
Net income (loss)	$	421	$	334	$	842	$	393

Weighted-average number of common shares outstanding (in millions):
Basic weighted-average number of common stock outstanding	433		432		433		432
Effect of assumed dilution from potential issuance of common shares relating to restricted stock units	1		2		1		2
Diluted weighted-average number of common shares outstanding	434		434		434		434

Net income (loss), per common share:
Income (loss) from continuing operations, basic	$	0.97	$	0.77	$	1.95	$	1.05
Income (loss) from discontinued operations, basic	—		—		—		(0.14)
Net income (loss)—basic	$	0.97	$	0.77	$	1.95	$	0.91
Income (loss) from continuing operations, diluted	$	0.97	$	0.77	$	1.94	$	1.04
Income (loss) from discontinued operations, diluted	—		—		—		(0.14)
Net income (loss)—diluted	$	0.97	$	0.77	$	1.94	$	0.90

Dividends/distributions declared per share of common stock	$	1.47	$	1.33	$	2.94	$	2.66

Equity (Tables)

6 Months Ended

Jun. 30, 2022

Equity [Abstract]

Dividends Declared

Declaration and Payment of Dividends

During the six months ended June 30, 2022, the following dividends/distributions were declared or paid:

Equity Type

Declaration Date

Record Date

Payment Date

Dividends Per Share

Aggregate

Payment

Amount(a)

Common Stock

February 8, 2022

March 15, 2022

March 31, 2022

1.47

639

Common Stock

May 9, 2022

June 15, 2022

June 30, 2022

1.47

638

(a)Inclusive of dividends accrued for holders of unvested restricted stock units, which will be paid when and if the restricted stock units vest.

Operating Segments Operating Segments (Tables)

3 Months Ended

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment


	Three Months Ended June 30, 2022								Three Months Ended June 30, 2021
	Towers		Fiber		Other		Consolidated Total		Towers		Fiber		Other		Consolidated Total
Segment site rental revenues	$	1,078	$	489			$	1,567	$	952	$	473			$	1,425
Segment services and other revenues	164		3				167		154		4				158
Segment revenues	1,242		492				1,734		1,106		477				1,583
Segment site rental costs of operations	232		162				394		221		161				382
Segment services and other costs of operations	107		2				109		100		3				103
Segment costs of operations(a)(b)	339		164				503		321		164				485
Segment site rental gross margin	846		327				1,173		731		312				1,043
Segment services and other gross margin	57		1				58		54		1				55
Segment selling, general and administrative expenses(b)	28		46				74		26		44				70
Segment operating profit (loss)	875		282				1,157		759		269				1,028
Other selling, general and administrative expenses					$	79	79						$	70	70
Stock-based compensation expense					44		44						34		34
Depreciation, amortization and accretion					427		427						408		408
Interest expense and amortization of deferred financing costs					165		165						161		161
Other (income) expenses to reconcile to income (loss) before income taxes(c)					16		16						16		16
Income (loss) before income taxes							$	426							$	339
Capital expenditures	$	45	$	247	$	11	$	303	$	63	$	235	$	10	$	308
Total assets (at period end)	$	22,286	$	15,859	$	868	$	39,013	$	22,207	$	15,771	$	995	$	38,973

(a)Exclusive of depreciation, amortization and accretion shown separately.

(c)See condensed consolidated statement of operations for further information.


	Six Months Ended June 30, 2022								Six Months Ended June 30, 2021
	Towers		Fiber		Other		Consolidated Total		Towers		Fiber		Other		Consolidated Total
Segment site rental revenues	$	2,153	$	990			$	3,143	$	1,847	$	947			$	2,794
Segment services and other revenues	327		6				333		265		9				274
Segment revenues	2,480		996				3,476		2,112		956				3,068
Segment site rental costs of operations	458		323				781		433		322				755
Segment services and other costs of operations	216		4				220		175		6				181
Segment costs of operations(a)(b)	674		327				1,001		608		328				936
Segment site rental gross margin	1,695		667				2,362		1,414		625				2,039
Segment services and other gross margin	111		2				113		90		3				93
Segment selling, general and administrative expenses(b)	56		93				149		51		89				140
Segment operating profit (loss)	1,750		576				2,326		1,453		539				1,992
Other selling, general and administrative expenses					$	153	153						$	136	136
Stock-based compensation expense					83		83						68		68
Depreciation, amortization and accretion					847		847						816		816
Interest expense and amortization of deferred financing costs					329		329						330		330
Other (income) expenses to reconcile to income (loss) before income taxes(c)					61		61						174		174
Income (loss) before income taxes							$	853							$	468
Capital expenditures	$	92	$	469	$	23	$	584	$	114	$	472	$	23	$	609

(a)Exclusive of depreciation, amortization and accretion shown separately.

(c)See condensed consolidated statement of operations for further information.

Supplemental Cash Flow Information (Tables)

6 Months Ended

Jun. 30, 2022

Supplemental Cash Flow Elements [Abstract]

Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]

The following table is a summary of the Company's supplemental cash flow information:


	Six Months Ended June 30,
	2022		2021
Supplemental disclosure of cash flow information:
Cash payments related to operating lease liabilities(a)	$	278	$	274
Interest paid	324		344
Income taxes paid	9		13
Supplemental disclosure of non-cash operating, investing and financing activities:
New ROU assets obtained in exchange for operating lease liabilities	155		324
Increase (decrease) in accounts payable for purchases of property and equipment	(7)		(16)
Purchase of property and equipment under finance leases and installment purchases	10		23

(a)Excludes the Company's contingent payments pursuant to operating leases, which are recorded as expense in the period such contingencies are resolved.

Schedule of Cash, Cash Equivalents and Restricted Cash


	June 30, 2022		December 31, 2021
Cash and cash equivalents	$	281	$	292
Restricted cash, current	160		169
Restricted cash reported within other assets, net	5		5
Cash, cash equivalents and restricted cash	$	446	$	466

General Business (Details)	Jun. 30, 2022
Subject to Capital Lease with TMO or AT&T [Member]
Purchase Option, Percentage of Towers	53.00%

Revenues (Details) - USD ($)
$ in Millions

6 Months Ended

Jun. 30, 2022

Jun. 30, 2021

Dec. 31, 2021

Revenue Recognition Non-cancelable Lease Term for Wireless Tenants

five to 15 years

Revenue Recognition for Fiber Solutions Tenants

three to 20 years

Deferred site rental receivables

$ 1,796

$ 1,588

Revenue, Performance Obligation, Description of Payment Terms

45 to 60 days

Revenue, Remaining Performance Obligation, Amount

$ 2,500

$ 2,600

Revenue Recognized on Deferred Revenues

350

$ 315

Contracted Amounts Receivable from Customers, remainder of year

^[1]

2,390

Contracted Amounts Receivable from Customers, in Two Years

^[1]

4,691

Contracted Amounts Receivable from Customers, in Three Years

^[1]

4,253

Contracted Amounts Receivable from Customers, in Four Years

^[1]

3,935

Contracted Amounts Receivable from Customers, in Five Years

^[1]

3,871

Contracted Amounts Receivable from Customers, Thereafter

^[1]

22,617

Lessor, Operating Lease, Payments to be Received

^[1]

41,757

Other Current Assets [Member]

Deferred site rental receivables

111

Other Noncurrent Assets [Member]

Deferred site rental receivables

$ 1,800

[1]	Based on the nature of the contract, tenant contracts are accounted for pursuant to relevant lease accounting (ASC 842) or revenue accounting (ASC 606) guidance. Excludes amounts related to services, as those contracts generally have a duration of one year or less.

Debt and Other Obligations (Indebtedness) (Details) - USD ($)
$ in Millions

6 Months Ended

Jun. 30, 2022

Dec. 31, 2021

Less: current maturities of debt and other obligations

$ 21,282

$ 20,629

Non-current portion of long-term debt and other long-term obligations

21,212

20,557

2015 Tower Revenue Notes 3.663% due 2045 [Member]

Debt Instrument, Face Amount

700

2018 Tower Revenue Notes 4.241% due 2048 [Member]

Debt Instrument, Face Amount

$ 750

Fixed Rate Securitized Debt July 2018 Tower Revenue Notes [Member]

Debt Instrument, Interest Rate, Increase (Decrease)

5.00%

Finance Lease Obligations and Other [Member] | Securitized Debt [Member]

High Yield Bonds [Member] | Senior Unsecured 2016 Notes 4.450% [Member]

^[1]

$ 235

242

^[2]

4.50%

High Yield Bonds [Member] | 4.000% Senior Unsecured Notes [Member]

$ 896

895

^[2]

4.00%

High Yield Bonds [Member] | 4.750% Senior Unsecured Notes [Member] [Member]

$ 497

496

^[2]

4.80%

High Yield Bonds [Member] | August 2017 Senior Unsecured 3.200% Notes [Member]

$ 344

344

^[2]

3.20%

High Yield Bonds [Member] | June 2020 Senior Unsecured 1.350% Notes [Domain]

$ 747

747

^[2]

1.40%

High Yield Bonds [Member] | August 2017 Senior Unsecured 3.650% Notes [Member]

$ 496

496

^[2]

3.70%

High Yield Bonds [Member] | 3.150% Senior Notes [Member]

$ 995

995

^[2]

3.20%

High Yield Bonds [Member] | 3.800% Senior Notes [Member]

$ 748

747

^[2]

3.80%

High Yield Bonds [Member] | February 2019 Senior Unsecured 4.300% Notes [Member]

$ 993

992

^[2]

4.30%

High Yield Bonds [Member] | February 2019 Senior Unsecured 5.200% Notes [Member]

$ 594

593

^[2]

5.20%

High Yield Bonds [Member] | August 2019 Senior Unsecured 3.100% Notes [Member]

$ 395

395

^[2]

3.10%

High Yield Bonds [Member] | August 2019 Senior Unsecured 4.000% Notes [Member]

$ 545

545

^[2]

4.00%

High Yield Bonds [Member] | April 2020 Senior Unsecured 3.300% Notes [Member]

$ 346

345

^[2]

3.30%

High Yield Bonds [Member] | June 2020 Senior Unsecured 2.250% Notes [Domain]

$ 739

738

^[2]

2.30%

High Yield Bonds [Member] | April 2020 Senior Unsecured 4.150% Notes [Member]

$ 1,090

1,089

^[2]

4.20%

High Yield Bonds [Member] | June 2020 Senior Unsecured 3.250% Notes [Domain]

$ 490

490

^[2]

3.30%

High Yield Bonds [Member] | February 2021 Senior Unsecured 2.100% Notes

$ 890

890

^[2]

2.10%

High Yield Bonds [Member] | February 2021 Senior Unsecured 2.900% Notes

$ 988

988

^[2]

2.90%

High Yield Bonds [Member] | February 2021 Senior Unsecured 1.050% Notes

$ 1,233

1,233

^[2]

1.10%

High Yield Bonds [Member] | Senior Unsecured 2016 Notes 3.7% [Member]

$ 991

990

^[2]

3.70%

High Yield Bonds [Member] | June 2021 Senior Unsecured 2.500% Notes [Domain]

$ 747

746

^[2]

2.50%

High Yield Bonds [Member] | 2.900% Senior Unsecured Notes

$ 741

741

Debt Instrument, Face Amount

$ 750

2.90%

$ 741

^[3]

Unsecured Debt [Member]

Securitized Debt [Member]

19,555

17,647

Securitized Debt [Member] | 2015 Tower Revenue Notes 3.663% due 2045 [Member]

$ 1,727

2,982

^[2]

3.70%

Securitized Debt [Member] | 2018 Tower Revenue Notes 3.720% due 2043 [Member]

^[4]

$ 697

696

Securitized Debt [Member] | 2018 Tower Revenue Notes 4.241% due 2048 [Member]

$ 0

^[5]

249

^[4]

^[2]

4.20%

Securitized Debt [Member] | 3.849% Secured Notes [Member]

^[4]

$ 745

744

Securitized Debt [Member] | Fixed Rate Debt 2009 Securitized Notes A-2 [Member]

$ 0

^[5]

998

^[2]

9.00%

Bank Debt [Member] | 2016 Term Loan A [Member]

$ 50

^[2],[6]

2.70%

Bank Debt [Member] | Commercial Paper [Member]

$ 1,207

1,222

Bank Debt [Member] | Revolving Credit Facility [Member]

^[2]

2.40%

Commercial Paper [Member]

^[6]

2.70%

Commercial Paper - Outstanding

$ 952

Maximum [Member] | Maximum [Member]

Maximum [Member] | Finance Lease Obligations and Other [Member]

0.75%

Maximum [Member] | Finance Lease Obligations and Other [Member]

10.00%

Debt Instrument Maturity Date Range

25 years

Minimum [Member] | Minimum [Member]

Minimum [Member] | Finance Lease Obligations and Other [Member]

0.00%

Debt Instrument Maturity Date Range

one year

London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]

London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]

1.75%

Revolving Credit Facility [Member]

0.875%

Debt Instrument, Unused Borrowing Capacity, Amount

$ 3,800

Revolving Credit Facility [Member] | Maximum [Member]

^[7]

$ 1,150

665

Line of Credit Facility, Commitment Fee Percentage

0.30%

Revolving Credit Facility [Member] | Minimum [Member]

Line of Credit Facility, Commitment Fee Percentage

0.08%

Commercial Paper [Member]

Commercial Paper - Maximum Available

^[8]

$ 952

$ 265

$ 2,000

Debt Instrument, Maturity Date, Description

397 days

[1]	The Company's finance leases and other obligations relate to land, fiber, vehicles, and other assets and bear interest rates ranging up to 10% and mature in periods ranging from less than one year to approximately 25 years.
[2]	See the 2021 Form 10-K, including note 7 to the consolidated financial statements, for additional information regarding the maturity and principal amortization provisions and interest rates relating to the Company's indebtedness.
[3]	In March 2022, the Company issued $750 million aggregate principal amount of 2.900% senior unsecured notes due 2027 ("March 2022 Senior Notes"). The Company used the net proceeds from the March 2022 Senior Notes offering to repay a portion of the outstanding indebtedness under its CP Program and pay related fees and expenses.
[4]	If the respective series of Tower Revenue Notes are not paid in full on or prior to an applicable anticipated repayment date, then Excess Cash Flow (as defined in the indenture) of the issuers of such notes will be used to repay principal of the applicable series and class of the Tower Revenue Notes, and additional interest (of an additional approximately 5% per annum) will accrue on the respective Tower Revenue Notes. As of June 30, 2022, the Tower Revenue Notes, Series 2015-2 and Series 2018-2 have principal amounts of $700 million and $750 million, with anticipated repayment dates in 2025 and 2028, respectively.
[5]	In March 2022, the Company (1) prepaid in full the previously outstanding Tower Revenue Notes, Series 2018-1 and (2) redeemed in full the previously outstanding 3.849% Secured Notes.
[6]	Both the 2016 Revolver and 2016 Term Loan A bore interest, at the Company's option, at either (1) LIBOR plus a credit spread ranging from 0.875% to 1.750% per annum or (2) an alternate base rate plus a credit spread ranging from 0.000% to 0.750% per annum, in each case, with the applicable credit spread based on the Company's senior unsecured debt rating. The Company paid a commitment fee ranging from 0.080% to 0.300%, based on the Company's senior unsecured debt rating, per annum on the undrawn available amount under the 2016 Revolver. See the 2021 Form 10-K, including note 7 to the consolidated financial statements, for information regarding potential adjustments to such percentages.
[7]	As of June 30, 2022, the undrawn availability under the 2016 Revolver was $3.8 billion.
[8]	In March 2022, the Company increased the size of its CP Program to permit the issuance of Commercial Paper Notes in an aggregate principal amount not to exceed $2.0 billion at any time outstanding. Notes under the CP Program may be issued, repaid and re-issued from time to time. The net proceeds of the Commercial Paper Notes are expected to be used for general corporate purposes. The maturities of the Commercial Paper Notes, when outstanding, may vary but may not exceed 397 days from the date of issue. The Commercial Paper Notes are issued under customary terms in the commercial paper market and are issued at a discount from par or, alternatively, can be issued at par and bear varying interest rates on a fixed or floating basis. As of June 30, 2022, the Company had net issuances of $952 million under the CP Program. At any point in time, the Company intends to maintain available commitments under its 2016 Revolver in an amount at least equal to the amount of Commercial Paper Notes outstanding. While any outstanding Commercial Paper Notes generally have short-term maturities, the Company classifies the outstanding issuances, when applicable, as long-term based on its ability and intent to refinance the outstanding issuances on a long-term basis.

Debt and Other Obligations (Components of Interest Expense and Amortization of Deferred Financing Costs) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Debt and Other Obligations [Abstract]
Interest Expense, Debt, Excluding Amortization	$ 161	$ 157	$ 322	$ 324
Amortization of deferred financing costs and adjustments on long-term debt	7	7	13	13
Capitalized interest	(3)	(3)	(6)	(7)
Interest expense and amortization of deferred financing costs	$ 165	$ 161	$ 329	$ 330

Debt and Other Obligations Contractual Maturities (Details) - USD ($)
$ in Millions

Jun. 30, 2022

Dec. 31, 2021

Contractual Obligation, Fiscal Year Maturity Schedule [Abstract]

Long-Term Debt, Maturity, remainder of year

^[1]

$ 992

Long-Term Debt, Maturity, Year Two

841

Long-Term Debt, Maturity, Year Three

844

Long-Term Debt, Maturity, Year Four

638

Long-Term Debt, Maturity, Year Five

^[2],[3]

4,795

Long-Term Debt, Maturity, after Year Five

^[2]

13,335

Total Cash Obligations

21,445

Unamortized Adjustments, Net

(163)

Gains (losses) on retirement of long-term obligations

$ 21,282

$ 20,629

[1]	Predominately consists of outstanding indebtedness under the CP Program (as discussed in footnote (f) above).
[2]	Certain previously-reported amounts within the 2026 and Thereafter columns have been adjusted. There was no impact to the amount shown in the previously-reported Total Cash Obligations column.
[3]	Inclusive of outstanding borrowings under the 2016 Credit Facility as of June 30, 2022. See note 12 for a discussion of the 2022 Credit Agreement Amendment.

Debt and Other Obligations Extinguishment of Debt (Details) - USD ($)
$ in Millions

3 Months Ended

6 Months Ended

Jun. 30, 2022

Jun. 30, 2021

Jun. 30, 2022

Jun. 30, 2021

Extinguishment of Debt [Line Items]

Principal amount

$ 1,250

Cash paid

^[1]

1,274

$ 0

$ (1)

(26)

^[2]

$ (144)

3.849% Secured Notes [Member]

Extinguishment of Debt [Line Items]

Principal amount

1,000

Cash paid

^[1]

1,022

Gains (losses) on retirement of long-term obligations

^[2]

2018 Tower Revenue Notes 3.720% due 2043 [Member]

Extinguishment of Debt [Line Items]

Principal amount

250

Cash paid

^[1]

252

Gains (losses) on retirement of long-term obligations

^[2]

$ 3

[1]	Exclusive of accrued interest.
[2]	Inclusive of the write off of respective deferred financing costs.

Fair Value Disclosures (Estimated Fair Values and Carrying Amounts of Assets and Liabilities) (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Cash and cash equivalents	$ 281	$ 292
Cash and cash equivalents, fair value	281	292
Restricted Cash Fair Value Disclosure	165	174
Restricted Cash	165	174
Long-term debt and other obligations, carrying amount	21,282	20,629
Long-term debt and other obligations, fair value	$ 19,442	$ 21,588

Per Share Information (Reconciliation of the Numerators and Denominators of the Basic and Diluted Per Share Computations) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Earnings Per Share [Abstract]
Income (loss) from continuing operations	$ 421	$ 333	$ 842	$ 455
Net income (loss)	421	334	842	393
Income (loss) from discontinued operations, net of tax	0	1	0	(62)
Net Income (Loss) Available to Common Stockholders, Basic	$ 421	$ 334	$ 842	$ 393
Basic weighted-average number of common stock outstanding	433	432	433	432
Effect of assumed dilution from potential issuance of common shares relating to restricted stock units	1	2	1	2
Diluted weighted-average number of common shares outstanding	434	434	434	434
Income (loss) from continuing operations, per share - basic	$ 0.97	$ 0.77	$ 1.95	$ 1.05
Income (loss) from discontinued operations, per share - basic	0	0	0	(0.14)
Earnings Per Share, Basic	0.97	0.77	1.95	0.91
Income (loss) from continuing operations, per share - diluted	0.97	0.77	1.94	1.04
Income (loss) from discontinued operations, per share - diluted	0	0	0	(0.14)
Earnings Per Share, Diluted	0.97	0.77	1.94	0.90
Dividends/distributions declared per share of common stock (in dollars per share)	$ 1.47	$ 1.33	$ 2.94	$ 2.66

Per Share Information Stock Issued During Period, Restricted Stock Award (Details) shares in Millions	6 Months Ended
	Jun. 30, 2022 shares
Restricted stock units granted [Abstract]
Restricted stock award granted	1

Commitments and Contingencies Commitment and Contingencies (Details)	Jun. 30, 2022
Subject to Capital Lease with TMO or AT&T [Member]
Other Commitments [Line Items]
Purchase Option, Percentage of Towers	53.00%

Equity (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions

3 Months Ended

6 Months Ended

Jun. 30, 2022

Mar. 31, 2022

Jun. 30, 2022

Jun. 30, 2021

Common Stock, Dividends, Per Share, Cash Paid

$ 1.47

Dividends, Common Stock, Cash

^[1]

$ 638

$ 639

Common stock repurchased during period, shares

0.4

Purchases of common stock

$ (63)

$ (68)

Availability Under ATM

$ 750

Common Stock [Member]

Dividends Payable, Date Declared

May 09, 2022

Feb. 08, 2022

Dividends Payable, Date of Record

Jun. 15, 2022

Mar. 15, 2022

Dividends Payable, Date to be Paid

Jun. 30, 2022

Mar. 31, 2022

[1]	Inclusive of dividends accrued for holders of unvested restricted stock units, which will be paid when and if the restricted stock units vest.

Operating Segments Operating Segments Table (Details)
$ in Millions

3 Months Ended

6 Months Ended

Jun. 30, 2022

USD ($)

Jun. 30, 2021

USD ($)

Jun. 30, 2022

USD ($)

Jun. 30, 2021

USD ($)

Dec. 31, 2021

USD ($)

Amortization of prepaid lease purchase price adjustments

Tower Count

40,000

Fiber Miles

85,000

$ 4

$ 8

$ 9

1,567

1,425

3,143

2,794

167

158

333

274

1,734

1,583

3,476

3,068

^[1]

402

389

798

770

Segment selling, general and administrative expenses

^[1]

112

105

225

186

190

169

371

333

Depreciation, Amortization and Accretion, Net

427

408

847

816

Interest expense and amortization of deferred financing costs

165

161

329

330

584

609

39,013

$ 39,040

Segments [Domain]

1,567

1,425

3,143

2,794

167

158

333

274

1,734

1,583

3,476

3,068

394

382

781

755

Segment cost of operations

109

103

220

181

^[2]

503

^[3]

485

^[3]

1,001

^[4]

936

^[4]

Segment site rental gross margin

1,173

1,043

2,362

2,039

Segment services gross margin

113

Segment General and Administrative Expenses [Line Items]

^[3]

149

^[4]

140

^[4]

Segment selling, general and administrative expenses

153

136

Segment Operating Profit

1,157

1,028

2,326

1,992

Depreciation, Amortization and Accretion, Net

427

408

847

816

Interest expense and amortization of deferred financing costs

165

161

329

330

Other expenses to reconcile to income (loss) from continuing operations before income taxes

^[5]

174

Income (loss) before income taxes

426

339

853

468

303

308

584

609

Segment cost of operations share-based compensation [Member]

39,013

38,973

39,013

38,973

Towers [Member]

1,078

952

2,153

1,847

164

154

327

265

1,242

1,106

2,480

2,112

232

221

458

433

Segment cost of operations

107

100

216

175

^[2]

339

^[3]

321

^[3]

674

^[4]

608

^[4]

Segment site rental gross margin

846

731

1,695

1,414

Segment services gross margin

111

Segment selling, general and administrative expenses

^[3]

^[4]

Segment Operating Profit

875

759

1,750

1,453

114

22,286

22,207

22,286

22,207

Fiber [Member]

489

473

990

947

492

477

996

956

162

161

323

322

Segment cost of operations

^[2]

164

^[3]

164

^[3]

327

^[4]

328

^[4]

Segment site rental gross margin

327

312

667

625

Segment services gross margin

Segment selling, general and administrative expenses

^[3]

^[4]

Segment Operating Profit

282

269

576

539

247

235

469

472

Corporate and Other [Member]

15,859

15,771

15,859

15,771

Segment selling, general and administrative expenses

153

136

Depreciation, Amortization and Accretion, Net

427

408

847

816

Interest expense and amortization of deferred financing costs

165

161

329

330

Other expenses to reconcile to income (loss) from continuing operations before income taxes

^[5]

174

Segment G&A share-based compensation [Member]

868

995

868

995