Leases

12 Months Ended

Dec. 31, 2024

The following table presents the balances for operating and finance ROU assets and lease liabilities:


Leases	Balance Sheet Classification	December 31, 2024		December 31, 2023
		(in millions)
Assets
Operating lease assets	Other assets	$	246	$	259
Finance lease assets	Other assets	8		18
Total lease assets		$	254	$	277

Liabilities
Operating lease liabilities	Other liabilities	$	313	$	325
Finance lease liabilities	Long-term debt	9		20
Total lease liabilities		$	322	$	345

The following table presents the components of lease cost:


		Years Ended December 31,
Lease Cost	Income Statement Classification	2024		2023		2022
		(in millions)
Operating lease cost	General and administrative expense	$	61	$	55	$	61
Finance lease cost:
Amortization of ROU assets	General and administrative expense	10		10		10
Interest on lease liabilities	Interest and debt expense	1		1		1
Total lease cost		$	72	$	66	$	72

The following table presents the weighted-average lease term and weighted-average discount rate related to operating and finance leases:


	December 31, 2024				December 31, 2023
Lease Term and Discount Rate	Finance Leases		Operating Leases		Finance Leases		Operating Leases
Weighted-average remaining lease term (years)	1		6		2		6
Weighted-average discount rate	3.4	%	2.9	%	3.4	%	2.7	%

The following table presents supplemental cash flow information related to operating and finance leases:


	Years Ended December 31,
Supplemental Cash Flow Information	2024		2023		2022
	(in millions)
Operating cash flows:
Cash paid for amounts included in measurement of operating lease liabilities	$	69	$	68	$	65
Cash paid for amounts included in measurement of finance lease liabilities	1		1		1
Financing cash flows:
Cash paid for amounts included in measurement of finance lease liabilities	$	11	$	10	$	10

The following table presents the maturities of lease liabilities:


Maturity of Lease Liabilities	December 31, 2024
	Finance Leases		Operating Leases
	(in millions)
2025	$	9	$	72
2026	—		68
2027	—		56
2028	—		44
2029	—		35
Thereafter	—		65
Total lease payments	9		340
Less: interest	—		27
Present value of lease liabilities	$	9	$	313