XML 78 R51.htm IDEA: XBRL DOCUMENT v3.24.0.1
Leases (Tables)
 12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Lease Cost
Lease Cost:
For the Year Ended December 31,
(In millions)202320222021
Finance lease cost$8 $4 $4 
   Amortization of right-of-use assets7 4 4 
   Interest on lease liabilities1 — — 
Operating lease cost93 85 91 
Short-term lease cost42 7 3 
Variable lease cost91 86 9 
Sublease income(2)(2)(2)
Total lease cost$232 $180 $105 

Other information:
For the Year Ended December 31,
(In millions)202320222021
Cash paid for amounts included in the measurement of lease liabilities:
   Operating cash flows from operating leases$195 $183 $102 
      Financing cash flows from finance leases7 5 6 
Right-of-use assets obtained in exchange for new finance lease liabilities17 3 16 
Right-of-use assets obtained in exchange for new operating lease liabilities52 28 47 

Lease Term and Discount Rate for leases:
December 31, 2023December 31, 2022
Finance leases:
Weighted average remaining lease term (in years)2.92.6
Weighted average discount rate4.87 %2.82 %
Operating leases:
Weighted average remaining lease term (in years)3.64.3
Weighted average discount rate6.00 %5.37 %
Schedule of Annual Payments Based on Maturities of Leases
As of December 31, 2023, annual payments based on the maturities of the Company's operating leases are expected to be as follows:
In millions
2024$118 
202586 
202634 
202724 
202817 
Thereafter32 
Total undiscounted lease payments$311 
Less: present value adjustment(93)
Total discounted lease payments$218