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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 921.7 $ 315.0
Adjustments to reconcile net income to cash provided by operating activities    
Depreciation, amortization and accretion 549.4 794.1
Stock-based compensation expense 64.9 65.5
Other non-cash items reflected in statements of operations (41.8) 235.3
Increase in net deferred rent balances (79.0) (112.0)
Right-of-use asset and Operating lease liability, net 8.8 (44.9)
Changes in unearned revenue 130.4 96.2
Increase in assets (99.3) (170.1)
Decrease in liabilities (171.5) (108.6)
Cash provided by operating activities 1,283.6 1,070.5
CASH FLOWS FROM INVESTING ACTIVITIES    
Payments for purchase of property and equipment and construction activities (396.7) (461.9)
Payments for acquisitions, net of cash acquired (44.7) (60.9)
Proceeds from sale of short-term investments and other non-current assets 6.0 3.1
Deposits and other (0.7) 242.9
Cash used for investing activities (436.1) (276.8)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from short-term borrowings, net 8.7 154.1
Borrowings under credit facilities 2,790.5 1,745.0
Proceeds from issuance of senior notes, net 1,293.0 1,494.2
Proceeds from issuance of securities in securitization transaction 0.0 1,300.0
Repayments of notes payable, credit facilities, senior notes, secured debt, term loans and finance leases (3,568.4) (4,897.9)
Distributions to noncontrolling interest holders (160.6) (11.2)
Contributions from noncontrolling interest holders 101.4 0.0
Proceeds from stock options 13.9 1.8
Distributions paid on common stock (802.1) (733.6)
Deferred financing costs and other financing activities (66.6) (65.0)
Cash used for financing activities (390.2) (1,012.6)
Net effect of changes in foreign currency exchange rates on cash and cash equivalents, and restricted cash (34.0) 3.6
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS, AND RESTRICTED CASH 423.3 (215.3)
CASH AND CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD 2,093.4 2,140.7
CASH AND CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD 2,516.7 1,925.4
CASH PAID FOR INCOME TAXES (NET OF REFUNDS OF $3.4 AND $8.4, RESPECTIVELY) 66.5 62.3
CASH PAID FOR INTEREST 442.3 388.9
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Purchases of property and equipment under finance leases and perpetual easements 3.6 7.3
Decrease in accounts payable and accrued expenses for purchases of property and equipment and construction activities (54.6) (71.7)
Distributions to noncontrolling interest holders (37.5) 0.0
Contributions from noncontrolling interest holders $ 37.5 $ 0.0