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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, 2024December 31, 2023December 31, 2022
Lease expense:
Operating lease cost$140 $140 $130 
Short-term lease cost1 1 1 
Variable cost47 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 ClassificationDecember 31, 2024December 31, 2023
Right-of-use lease assetsOperating lease assets$529 $495 
Current lease liabilitiesAccrued liabilities127 125 
Operating lease liabilitiesOperating lease liabilities427 407 
Other Information Related to Leases
(in millions)December 31, 2024December 31, 2023December 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, 2024December 31, 2023
Weighted average remaining lease terms (years)
55
Weighted average discount rate
3.97 %4.34 %
Future Lease Payments
December 31 (in millions)
Amount
2025$146 
2026128 
2027109 
202884 
202963 
Thereafter83 
Total lease payments$613 
Less: Interest59 
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, 2024December 31, 2023December 31, 2022
Lease expense:
Operating lease cost$140 $140 $130 
Short-term lease cost1 1 1 
Variable cost47 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 ClassificationDecember 31, 2024December 31, 2023
Right-of-use lease assetsOperating lease assets$529 $495 
Current lease liabilitiesAccrued liabilities127 125 
Operating lease liabilitiesOperating lease liabilities427 407 
Other Information Related to Leases
(in millions)December 31, 2024December 31, 2023December 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, 2024December 31, 2023
Weighted average remaining lease terms (years)
55
Weighted average discount rate
3.97 %4.34 %
Future Lease Payments
December 31 (in millions)
Amount
2025$146 
2026128 
2027109 
202884 
202963 
Thereafter83 
Total lease payments$613 
Less: Interest59 
Present value of operating lease liabilities
$554