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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
the 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
the 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