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Leases (Tables)

9 Months Ended

Sep. 30, 2024

Leases [Abstract]

Schedule of Components of Lease Expense, Weighted Average Lease Terms and Discount Rates and Supplemental Cash Flow Information

The components of lease expense were as follows (in millions):

			Consolidated Statement of Comprehensive Income (Loss) Classification						Quarter Ended September 30, 2024						Nine Months Ended September 30, 2024
Lease costs:
Operating lease costs			Commission, transportation and other						$	38					$	151
Operating lease costs			Other operating expenses						4						11
Operating lease costs			Marketing, selling and administrative expenses						5						14
Financial lease costs:
Amortization of right-of-use-assets			Depreciation and amortization expenses						3						10
Interest on lease liabilities			Interest expense, net of interest capitalized						7						22
Total lease costs									$	57					$	208

			Consolidated Statement of Comprehensive Income (Loss) Classification						Quarter Ended September 30, 2023						Nine Months Ended September 30, 2023
Lease costs:
Operating lease costs			Commission, transportation and other						$	33					$	128
Operating lease costs			Other operating expenses						6						17
Operating lease costs			Marketing, selling and administrative expenses						5						16
Financial lease costs:
Amortization of right-of-use-assets			Depreciation and amortization expenses						6						17
Interest on lease liabilities			Interest expense, net of interest capitalized						8						22
Total lease costs									$	58					$	200

The weighted average of the remaining lease terms and weighted average discount rates are as follows:

			As of September 30, 2024						As of December 31, 2023
Weighted average of the remaining lease term in years
Operating leases			18.65						19.43
Finance leases			24.04						23.92
Weighted average discount rate
Operating leases			7.28		%				7.53		%
Finance leases			5.86		%				5.83		%

Supplemental cash flow information related to leases is as follows (in millions):

			Nine Months Ended September 30, 2024						Nine Months Ended September 30, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases			$	178					$	131
Operating cash flows from finance leases			$	22					$	22
Financing cash flows from finance leases			$	19					$	25

Schedule of Maturities of Operating Lease Liability

As of September 30, 2024, maturities related to lease liabilities were as follows (in millions):

Year			Operating Leases						Finance Leases
Remainder of 2024			$	31					$	239
2025			113						15
2026			107						10
2027			104						9
2028			100						9
Thereafter			1,062						495
Total lease payments			1,517						777
Less: Interest			(801)						(427)
Present value of lease liabilities			$	716					$	350

Schedule of Maturities of Finance Lease Liability

As of September 30, 2024, maturities related to lease liabilities were as follows (in millions):

Year			Operating Leases						Finance Leases
Remainder of 2024			$	31					$	239
2025			113						15
2026			107						10
2027			104						9
2028			100						9
Thereafter			1,062						495
Total lease payments			1,517						777
Less: Interest			(801)						(427)
Present value of lease liabilities			$	716					$	350

X

- 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

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X

- 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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X

- References

No definition available.

+ Details

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X

- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating 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

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