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LEASES (Tables) | 12 Months Ended
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Dec. 31, 2024
Leases [Abstract] |
Schedule of Leases |
| Years Ended December 31,
| 2024 |  | 2023 |  | 2022 |  |
Operating lease cost | $ | 267 |  |  | $ | 239 |  |  | $ | 224 |  |  |
Variable lease cost | 7 |  |  | 4 |  |  | 8 |  |  |
Short-term lease cost | 2 |  |  | 13 |  |  | 18 |  |  |
Finance lease cost |  |  |  |  |  |  |
Amortization of right-of-use assets | 93 |  |  | 74 |  |  | 72 |  |  |
Interest on lease liability | 15 |  |  | 19 |  |  | 21 |  |  |
Total finance lease cost | 108 |  |  | 93 |  |  | 93 |  |  |
Total lease cost | $ | 384 |  |  | $ | 349 |  |  | $ | 343 |  |  |
Supplemental Cash Flow Information | Supplemental cash flow information related to leases was as follows:
| Years Ended December 31, |  |
| 2024 |  | 2023 |  | 2022 |  |
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |  |  |  |
Operating cash flows for operating leases | $ | 257 |  |  | $ | 237 |  |  | $ | 225 |  |  |
Operating cash flows for finance leases | 15 |  |  | 19 |  |  | 21 |  |  |
Financing cash flows for finance leases | 113 |  |  | 87 |  |  | 79 |  |  |
Right-of-use assets obtained in exchange for lease obligations |  |  |  |  |  |  |
Operating leases | $ | 232 |  |  | $ | 339 |  |  | $ | 251 |  |  |
Finance leases | 83 |  |  | 42 |  |  | 61 |  |  |
Supplemental Balance Sheet Information | Supplemental balance sheet information related to leases was as follows:
| December 31,
| 2024 |  | 2023
Operating leases |  |  |
Other assets 1 | $ | 1,025 |  |  | $ | 1,004 |
Accrued liabilities | $ | 199 |  |  | $ | 196 |
Other liabilities | 927 |  |  | 897 |
Total operating lease liabilities 2 | $ | 1,126 |  |  | $ | 1,093 |
Finance leases |  |  |
Property, plant and equipment | $ | 396 |  |  | $ | 402 |
Accumulated depreciation | (211) |  |  | (204) |
Property, plant and equipment—net | $ | 185 |  |  | $ | 198 |
Current maturities of long-term debt | $ | 69 |  |  | $ | 86 |
Long-term debt | 85 |  |  | 99 |
Total finance lease liabilities | $ | 154 |  |  | $ | 185 |
Weighted average remaining lease term |  |  |
Operating leases | 8 years |  | 9 years
Finance leases | 3 years |  | 3 years
Weighted average discount rate |  |  |
Operating leases | 3.5 | % |  | 3.0 | %
Finance leases | 5.8 | % |  | 8.5 | %
1 |  | As of December 31, 2024, Other assets excludes $16 million of right-of-use assets related to operating leases that are included in Assets held for sale in the Consolidated Balance Sheet. Refer to Note 2 Acquisitions, Divestitures, and Assets and Liabilities Held for Sale.
2 |  | As of December 31, 2024, Total operating lease liabilities excludes $5 million and $11 million of Accrued liabilities and Other liabilities, respectively, that are included in Liabilities held for sale in the Consolidated Balance Sheet. Refer to Note 2 Acquisitions, Divestitures, and Assets and Liabilities Held for Sale.
Maturities of Lease Liabilities | As of December 31, 2024, maturities of lease liabilities were as follows:
| Operating Leases |  | Finance Leases
2025 | $ | 235 |  |  | $ | 75 |
2026 | 207 |  |  | 44 |
2027 | 177 |  |  | 25 |
2028 | 149 |  |  | 14 |
2029 | 112 |  |  | 7 |
Thereafter | 422 |  |  | — |
Total lease payments | 1,302 |  |  | 165 |
Less: Interest | 160 |  |  | 11 |
Less: Lease liabilities held for sale | 16 |  |  | — |
Total maturities of lease liabilities | $ | 1,126 |  |  | $ | 154 |
Finance Lease, Liability, Maturity | As of December 31, 2024, maturities of lease liabilities were as follows:
| Operating Leases |  | Finance Leases
2025 | $ | 235 |  |  | $ | 75 |
2026 | 207 |  |  | 44 |
2027 | 177 |  |  | 25 |
2028 | 149 |  |  | 14 |
2029 | 112 |  |  | 7 |
Thereafter | 422 |  |  | — |
Total lease payments | 1,302 |  |  | 165 |
Less: Interest | 160 |  |  | 11 |
Less: Lease liabilities held for sale | 16 |  |  | — |
Total maturities of lease liabilities | $ | 1,126 |  |  | $ | 154 |

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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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