XML 30 R19.htm IDEA: XBRL DOCUMENT
v3.25.2

Leases | 6 Months Ended
--- | ---
Jun. 30, 2025
Leases [Abstract] |
Leases | Leases The Company has significant operating and finance leases, including buildings and installations, land, machinery and equipment, furniture and fixtures, land fleet equipment, and rail fleet equipment located within the United States and Canada. Balance sheet information related to leases was as follows:
|  | As of |  | As of
(In millions) |  | June 30, 2025 |  | December 31, 2024
Operating lease right-of-use assets, net |  | $597 |  | $547
Finance lease right-of-use assets, net |  | 322 |  | 312
Total lease assets, net |  | $919 |  | $859
Current portion of operating lease liabilities |  | $149 |  | $149
Current portion of finance lease liabilities |  | 83 |  | 65
Noncurrent portion of operating lease liabilities |  | 454 |  | 386
Noncurrent portion of finance lease liabilities |  | 289 |  | 312
Total lease liabilities |  | $975 |  | $912
Finance lease right-of-use assets, net are included as a component of Property, plant and equipment, net on t he condensed consolidated balance sheets. The current portion of finance lease liabilities are included within Other current liabilities, and the noncurrent portion of finance lease liabilities are included within Other noncurrent liabilities on the condensed consolidated balance sheets. The following table summarizes the components of lease expense recorded in the unaudited condensed consolidated statements of operations:
|  | For the three months ended June 30, |  |  | For the six months ended June 30,
(In millions) |  | 2025 |  | 2024 |  |  | 2025 |  | 2024
Operating lease expense |  | $45 |  | $39 |  |  | $86 |  | $77
Finance lease expense |  |  |  |  |  |  |  |  |
Amortization of leased assets |  | 23 |  | 21 |  |  | 48 |  | 40
Interest on lease liabilities |  | 5 |  | 4 |  |  | 9 |  | 7
Short term lease cost |  | 15 |  | 19 |  |  | 27 |  | 30
Variable lease cost |  | — |  | 1 |  |  | 1 |  | 2
Total lease expense |  | $88 |  | $84 |  |  | $171 |  | $156
Leases | Leases The Company has significant operating and finance leases, including buildings and installations, land, machinery and equipment, furniture and fixtures, land fleet equipment, and rail fleet equipment located within the United States and Canada. Balance sheet information related to leases was as follows:
|  | As of |  | As of
(In millions) |  | June 30, 2025 |  | December 31, 2024
Operating lease right-of-use assets, net |  | $597 |  | $547
Finance lease right-of-use assets, net |  | 322 |  | 312
Total lease assets, net |  | $919 |  | $859
Current portion of operating lease liabilities |  | $149 |  | $149
Current portion of finance lease liabilities |  | 83 |  | 65
Noncurrent portion of operating lease liabilities |  | 454 |  | 386
Noncurrent portion of finance lease liabilities |  | 289 |  | 312
Total lease liabilities |  | $975 |  | $912
Finance lease right-of-use assets, net are included as a component of Property, plant and equipment, net on t he condensed consolidated balance sheets. The current portion of finance lease liabilities are included within Other current liabilities, and the noncurrent portion of finance lease liabilities are included within Other noncurrent liabilities on the condensed consolidated balance sheets. The following table summarizes the components of lease expense recorded in the unaudited condensed consolidated statements of operations:
|  | For the three months ended June 30, |  |  | For the six months ended June 30,
(In millions) |  | 2025 |  | 2024 |  |  | 2025 |  | 2024
Operating lease expense |  | $45 |  | $39 |  |  | $86 |  | $77
Finance lease expense |  |  |  |  |  |  |  |  |
Amortization of leased assets |  | 23 |  | 21 |  |  | 48 |  | 40
Interest on lease liabilities |  | 5 |  | 4 |  |  | 9 |  | 7
Short term lease cost |  | 15 |  | 19 |  |  | 27 |  | 30
Variable lease cost |  | — |  | 1 |  |  | 1 |  | 2
Total lease expense |  | $88 |  | $84 |  |  | $171 |  | $156

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
Name: | us-gaap_LesseeFinanceLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration