Lease Commitments (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Assets And Liabilities, Lessee

Details of the right-of-use assets and lease liabilities for operating and finance leases, including the balance sheet presentation, are as follows:


	At December 31, 2024						At December 31, 2023
	Operating Leases			Finance Leases			Operating Leases			Finance Leases

Deferred charges and other assets	$	5,315		$	—		$	5,422		$	—
Properties, plant and equipment, net	—			570			—			583
Right-of-use assets*	$	5,315		$	570		$	5,422		$	583
Accrued liabilities	$	1,519		$	—		$	1,538		$	—
Short-term debt	—			58			—			60
Current lease liabilities	1,519			58			1,538			60
Deferred credits and other noncurrent obligations	3,551			—			3,696			—
Long-term debt	—			546			—			574
Noncurrent lease liabilities	3,551			546			3,696			574
Total lease liabilities	$	5,070		$	604		$	5,234		$	634

Weighted-average remaining lease term (in years)	6.3			13.2			6.7			12.6
Weighted-average discount rate	3.7		%	4.6		%	3.3		%	4.5		%

* Includes non-cash additions of $2,205 and $40 in 2024, and $2,556 and $233 in 2023 for right-of-use assets obtained in exchange for new and modified lease liabilities for operating and finance leases, respectively.

Schedule of Lease, Cost

Total lease costs consist of both amounts recognized in the Consolidated Statement of Income during the period and amounts capitalized as part of the cost of another asset. Total lease costs incurred for operating and finance leases were as follows:


	Year-ended December 31
	2024		2023		2022
Operating lease costs*	$	3,447	$	2,984	$	2,359
Finance lease costs	83		52		57
Total lease costs	$	3,530	$	3,036	$	2,416

* Includes variable and short-term lease costs.

Cash paid for amounts included in the measurement of lease liabilities was as follows:


	Year-ended December 31
	2024		2023		2022
Operating cash flows from operating leases	$	2,468	$	2,271	$	1,892
Investing cash flows from operating leases	979		713		467
Operating cash flows from finance leases	26		15		18
Financing cash flows from finance leases	67		42		44

Schedule of Lessee, Operating Lease, Liability, Maturity

At December 31, 2024, the estimated future undiscounted cash flows for operating and finance leases were as follows:


		At December 31, 2024
		Operating Leases		Finance Leases

Year	2025	$	1,665	$	83
	2026	1,162		80
	2027	833		73
	2028	555		69
	2029	275		64
	Thereafter	1,276		445
	Total	$	5,766	$	814
Less: Amounts representing interest		696		210
Total lease liabilities		$	5,070	$	604

Schedule of Finance Lease, Liability, Maturity

At December 31, 2024, the estimated future undiscounted cash flows for operating and finance leases were as follows:


		At December 31, 2024
		Operating Leases		Finance Leases

Year	2025	$	1,665	$	83
	2026	1,162		80
	2027	833		73
	2028	555		69
	2029	275		64
	Thereafter	1,276		445
	Total	$	5,766	$	814
Less: Amounts representing interest		696		210
Total lease liabilities		$	5,070	$	604