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Leases (Notes)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Leases

The following table provides information on the components of our operating and finance leases included in our consolidated statement of financial position as of December 31:

Leases						Location on Statement of Financial Position						2024						2023
Assets												(in millions)
ROU operating lease assets						Operating lease assets, net						$	552					$	611
ROU finance lease assets						Property and equipment, net						14						12
						Total						$	566					$	623
Liabilities
Current
Operating lease						Operating lease liabilities						$	152					$	153
Finance lease						Accrued expenses and other current liabilities						8						8
Noncurrent
Operating lease						Operating lease liabilities, noncurrent						420						523
Finance lease						Other noncurrent liabilities						15						16
						Total						$	595					$	700

For the years ended December 31, 2024, 2023 and 2022, our operating lease costs were $216 million, $304 million and $256 million, respectively, including variable lease costs of $23 million, $21 million and $17 million, respectively. Our short-term lease rental expense was $11 million, $15 million and $21 million for the years ended December 31, 2024, 2023 and 2022, respectively. Lease interest expense related to our finance leases for each of the years ended December 31, 2024, 2023 and 2022 was immaterial.

The following table provides information on the weighted average remaining lease term and weighted average discount rate for our operating leases as of December 31:

Operating Lease Term and Discount Rate						2024						2023
Weighted average remaining lease term						5.3 years						5.6 years
Weighted average discount rate						5.5		%				5.4		%

The following table provides supplemental cash flow and non-cash information related to our operating leases for the years ended December 31:

(in millions)			2024						2023						2022
Cash paid for amounts included in the measurement of operating lease liabilities			$	251					$	240					$	241
ROU assets obtained in exchange for operating lease liabilities			123						86						164
Reduction of ROU assets and lease liabilities as a result of our NextGen program			(62)						(110)						—

Cash paid for amounts included in the measurement of finance lease liabilities and ROU assets obtained in exchange for finance lease liabilities were each immaterial for each of the years ended December 31, 2024, 2023 and 2022.

The following table provides the schedule of maturities of our operating lease liabilities and a reconciliation of the undiscounted cash flows to the operating lease liabilities recognized in the statement of financial position as of December 31:

(in millions)						2024
2025						$	179
2026						138
2027						110
2028						84
2029						50
Thereafter						98
Total operating lease payments						659
Interest						(87)
Total operating lease liabilities						$	572

As of December 31, 2024, additional obligations related to operating leases whose lease term had yet to commence were immaterial.

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- References

No definition available.

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- Definition

The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/842-20/tableOfContent

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