XML 51 R25.htm IDEA: XBRL DOCUMENT v3.25.0.1
Operating Leases
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Operating Leases Operating Leases
The classification of the Company's operating lease ROU assets and liabilities in the consolidated balance sheets as of December 31, 2024 and 2023, is as follows (in millions):
December 31,
Classification20242023
Operating lease ROU assetsOther noncurrent assets$230 $214 
Operating lease liabilitiesAccounts payable, accrued and other liabilities$74 $85 
Other noncurrent liabilities177 178 
Total operating lease liabilities$251 $263 

Operating lease cost was $73 million, $90 million and $157 million, and variable lease cost was $27 million, $27 million and $29 million for the years ended December 31, 2024, 2023 and 2022, respectively. Operating lease cost for the year ended December 31, 2022, included $43 million, in ROU asset impairment charges. There were no significant ROU asset impairment losses recognized during the years ended December 31, 2024 and 2023. Cash paid for amounts included in the measurement of operating lease liabilities included in operating cash flows was $101 million, $106 million and $124 million for the years ended December 31, 2024, 2023 and 2022, respectively. Operating lease ROU assets obtained in exchange for operating lease liabilities was $89 million and $47 million for the years ended December 31, 2024 and 2023, respectively. The weighted average remaining operating lease term was 5.9 years and 4.4 years and the weighted average operating lease discount rate was 3.9% and 2.8% as of December 31, 2024 and 2023, respectively.
Maturities of operating lease liabilities, as of December 31, 2024, are as follows (in millions):
2025$77 
202662 
202742 
202830 
202921 
Thereafter62 
Total lease payments294 
Less: Imputed interest(43)
Total operating lease liabilities$251