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Leases (Tables)
12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Lease, Cost [Table Text Block]
Following are components of our lease cost:
Year Ended December 31,
202420232022
(In millions)
Operating leases$80 $71 $62 
Short-term and variable leases131 127 101 
Total lease cost$211 $198 $163 

Other information related to our operating leases are as follows:
Year Ended December 31,
202420232022
(In millions,
except lease term and discount rate)
Operating cash flows from operating leases$(170)$(157)$(132)
Investing cash flows from operating leases(41)(41)(31)
ROU assets obtained in exchange for operating lease obligations, net of retirements36 56 22 
Amortization of ROU assets68 58 50 
Weighted average remaining lease term
8.15 years
8.72 years9.8 years
Weighted average discount rate4.84 %4.59 %4.26 %
Amounts recognized in the accompanying consolidated balance sheets are as follows:
December 31,
Lease Activity(a)Balance sheet location20242023
(In millions)
ROU assetsDeferred charges and other assets$253 $285 
Short-term lease liabilityOther current liabilities60 55 
Long-term lease liabilityOther long-term liabilities and deferred credits193 230 
(a)We have immaterial financing leases recorded as of December 31, 2024 and 2023.
Lessee, Operating Lease, Liability, Maturity [Table Text Block]
Operating lease liabilities under non-cancellable leases (excluding short-term leases) as of December 31, 2024 are as follows:
YearCommitment
 (In millions)
2025$72 
202648 
202736 
202825 
202923 
Thereafter122 
Total lease payments326 
Less: Interest(73)
Present value of lease liabilities$253