XML 28 R11.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Leases | 12 Months Ended
--- | ---
Dec. 31, 2024
Leases [Abstract] |
Leases | Leases The Company leases certain office, factory and warehouse space, land and other equipment under various operating leases. Components of Lease Expense
(in millions) | December 31, 2024 |  | December 31, 2023 | December 31, 2022
Lease expense: |  |  |  |
Operating lease cost | $ | 140 |  |  | $ | 140 |  | $ | 130 |
Short-term lease cost | 1 |  |  | 1 |  | 1 |
Variable cost | 47 |  |  | 36 |  | 33 |
Sublease income | (5) |  |  | (5) |  | (5) |
Net lease expense from operating leases | $ | 183 |  |  | $ | 172 |  | $ | 159 |
Operating Lease Assets and Liabilities
(in millions) | Statement Line Classification |  | December 31, 2024 |  | December 31, 2023 |  |
Right-of-use lease assets | Operating lease assets |  | $ | 529 |  |  | $ | 495 |  |  |
Current lease liabilities | Accrued liabilities |  | 127 |  |  | 125 |  |  |
Operating lease liabilities | Operating lease liabilities |  | 427 |  |  | 407 |  |  |
Other Information Related to Leases
(in millions) | December 31, 2024 |  | December 31, 2023 |  | December 31, 2022 |  |
Supplemental cash flow information: |  |  |  |  |  |  |
Net cash used for operating activities related to operating leases | $ | 152 |  |  | $ | 147 |  |  | $ | 145 |  |  |
Right-of-use assets obtained in exchange for lease liabilities | $ | 150 |  |  | $ | 98 |  |  | $ | 221 |  |  |
During the year ended December 31, 2024, the Company recorded $80 million of assets obtained in exchange for lease liabilities due to an assumption that it is reasonably certain that renewal options will be extended on its radio tower site leases operated within the Airwave radio network, consistent with the Home Office's notice of contract extension pursuant to their Deferred National Shutdown Notice through December 31, 2029. In addition, assets obtained in exchange for liabilities during the year ended December 31, 2024 included $24 million of additional leases due to the renewal of a large managed services contract due to an assumption that it is reasonably certain that renewal options will be extended on the associated radio tower site leases. The Company recorded $19 million of assets obtained in exchange for lease liabilities related to the ten year renewal of an International region office. During the year ended December 31, 2023, the Company included $66 million of additional leases due to renewals of three large managed service contracts due to an assumption that it is reasonably certain that renewal options will be extended on the associated radio tower site leases.
| December 31, 2024 |  | December 31, 2023 |  |
Weighted average remaining lease terms (years) | 5 |  | 5 |  |
Weighted average discount rate | 3.97 | % |  | 4.34 | % |  |
Future Lease Payments
December 31 (in millions) | Amount |
2025 | $ | 146 |  |
2026 | 128 |  |
2027 | 109 |  |
2028 | 84 |  |
2029 | 63 |  |
Thereafter | 83 |  |
Total lease payments | $ | 613 |  |
Less: Interest | 59 |  |
Present value of operating lease liabilities | $ | 554 |  |
Leases | Leases The Company leases certain office, factory and warehouse space, land and other equipment under various operating leases. Components of Lease Expense
(in millions) | December 31, 2024 |  | December 31, 2023 | December 31, 2022
Lease expense: |  |  |  |
Operating lease cost | $ | 140 |  |  | $ | 140 |  | $ | 130 |
Short-term lease cost | 1 |  |  | 1 |  | 1 |
Variable cost | 47 |  |  | 36 |  | 33 |
Sublease income | (5) |  |  | (5) |  | (5) |
Net lease expense from operating leases | $ | 183 |  |  | $ | 172 |  | $ | 159 |
Operating Lease Assets and Liabilities
(in millions) | Statement Line Classification |  | December 31, 2024 |  | December 31, 2023 |  |
Right-of-use lease assets | Operating lease assets |  | $ | 529 |  |  | $ | 495 |  |  |
Current lease liabilities | Accrued liabilities |  | 127 |  |  | 125 |  |  |
Operating lease liabilities | Operating lease liabilities |  | 427 |  |  | 407 |  |  |
Other Information Related to Leases
(in millions) | December 31, 2024 |  | December 31, 2023 |  | December 31, 2022 |  |
Supplemental cash flow information: |  |  |  |  |  |  |
Net cash used for operating activities related to operating leases | $ | 152 |  |  | $ | 147 |  |  | $ | 145 |  |  |
Right-of-use assets obtained in exchange for lease liabilities | $ | 150 |  |  | $ | 98 |  |  | $ | 221 |  |  |
During the year ended December 31, 2024, the Company recorded $80 million of assets obtained in exchange for lease liabilities due to an assumption that it is reasonably certain that renewal options will be extended on its radio tower site leases operated within the Airwave radio network, consistent with the Home Office's notice of contract extension pursuant to their Deferred National Shutdown Notice through December 31, 2029. In addition, assets obtained in exchange for liabilities during the year ended December 31, 2024 included $24 million of additional leases due to the renewal of a large managed services contract due to an assumption that it is reasonably certain that renewal options will be extended on the associated radio tower site leases. The Company recorded $19 million of assets obtained in exchange for lease liabilities related to the ten year renewal of an International region office. During the year ended December 31, 2023, the Company included $66 million of additional leases due to renewals of three large managed service contracts due to an assumption that it is reasonably certain that renewal options will be extended on the associated radio tower site leases.
| December 31, 2024 |  | December 31, 2023 |  |
Weighted average remaining lease terms (years) | 5 |  | 5 |  |
Weighted average discount rate | 3.97 | % |  | 4.34 | % |  |
Future Lease Payments
December 31 (in millions) | Amount |
2025 | $ | 146 |  |
2026 | 128 |  |
2027 | 109 |  |
2028 | 84 |  |
2029 | 63 |  |
Thereafter | 83 |  |
Total lease payments | $ | 613 |  |
Less: Interest | 59 |  |
Present value of operating lease liabilities | $ | 554 |  |

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