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LEASES (Tables)
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Schedule of Assets and Liabilities
Information related to operating leases is as follows (in millions of dollars):
As of December 31,
20242023
Right-of-use assets
Operating lease right-of-use$371 $429 
Operating lease liabilities
Operating lease liability78 71 
Long-term operating lease liability327 381 
Total operating lease liabilities$405 $452 
Schedule of Operating Lease Information
As of December 31,
20242023
Weighted average remaining lease term6 years7 years
Weighted average incremental borrowing rate2.57 %2.19 %
Cash paid for operating leases$96 $88 
Right-of-use assets obtained in exchange for operating lease obligations$48 $161 
Schedule of Maturities of Operating Lease Liabilities
The remaining maturity of existing lease liabilities as of December 31, 2024 are as follows (in millions of dollars):

YearOperating Leases
2025$91 
202685 
202772 
202863 
202950 
Thereafter76 
Total lease payments
437 
Less interest
32 
Present value of lease liabilities
$405