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LEASES (Tables) | 12 Months Ended
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Dec. 31, 2024
Leases [Abstract] |
Schedule of Components of Lease Expense and Supplemental Information | The Company’s leases were reflected in the Company’s consolidated balance sheets as follows (in millions).
|  |  | December 31,
|  |  | 2024 |  | 2023
Operating Leases | Location on Balance Sheet |  |  |  |
Operating lease right-of-use assets | Other noncurrent assets |  | $ | 2,373 |  |  | $ | 3,074 |
Operating lease liabilities (current) | Accrued liabilities |  | $ | 307 |  |  | $ | 332 |
Operating lease liabilities (noncurrent) | Other noncurrent liabilities |  | 2,731 |  |  | 3,019 |
Total operating lease liabilities |  |  | $ | 3,038 |  |  | $ | 3,351 |
Finance Leases |  |  |  |  |
Finance lease right-of-use assets | Property and equipment, net |  | $ | 432 |  |  | $ | 249 |
Finance lease liabilities (current) | Accrued liabilities |  | $ | 107 |  |  | $ | 74 |
Finance lease liabilities (noncurrent) | Other noncurrent liabilities |  | 356 |  |  | 191 |
Total finance lease liabilities |  |  | $ | 463 |  |  | $ | 265 |
Supplemental information related to leases was as follows.
|  | December 31,
|  | 2024 |  | 2023
Weighted average remaining lease term (in years): |  |  |  |
Operating leases |  | 11 |  | 11
Finance leases |  | 6 |  | 5
Weighted average discount rate |  |  |  |
Operating leases |  | 4.43 | % |  | 4.42 | %
Finance leases |  | 5.11 | % |  | 4.17 | %
The components of lease cost were as follows (in millions):
|  | Year Ended December 31,
|  | 2024 |  | 2023 |  | 2022
Operating lease cost |  | $ | 441 |  |  | $ | 540 |  |  | $ | 372 |
Finance lease cost: |  |  |  |  |  |
Amortization of right-of-use assets |  | $ | 111 |  |  | $ | 85 |  |  | $ | 78 |
Interest on lease liabilities |  | 19 |  |  | 8 |  |  | 8 |
Total finance lease cost |  | $ | 130 |  |  | $ | 93 |  |  | $ | 86 |
Variable fees and other(a) |  | $ | 44 |  |  | $ | 74 |  |  | $ | 66 |
Total lease cost |  | $ | 615 |  |  | $ | 707 |  |  | $ | 524 |
(a) Includes variable lease payments related to our operating and finance leases and costs of leases with initial terms of less than one year. Supplemental cash flow information related to leases was as follows (in millions):
|  | Year Ended December 31,
|  | 2024 |  | 2023 |  | 2022
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | (476) |  |  | $ | (501) |  |  | $ | (360) |
Operating cash flows from finance leases |  | $ | (19) |  |  | $ | (19) |  |  | $ | (15) |
Financing cash flows from finance leases |  | $ | (95) |  |  | $ | (74) |  |  | $ | (70) |
Right-of-use assets obtained in exchange for lease obligations: |  |  |  |  |  |
Operating leases |  | $ | 78 |  |  | $ | 364 |  |  | $ | 490 |
Finance leases |  | $ | 300 |  |  | $ | 95 |  |  | $ | 39 |
Schedule of Maturities of Finance Lease Liabilities | Maturities of lease liabilities as of December 31, 2024 were as follows (in millions):
|  | Operating Leases |  | Finance Leases
2025 |  | $ | 432 |  |  | $ | 130 |
2026 |  | 377 |  |  | 112 |
2027 |  | 349 |  |  | 91 |
2028 |  | 338 |  |  | 57 |
2029 |  | 334 |  |  | 30 |
Thereafter |  | 2,072 |  |  | 115 |
Total lease payments |  | 3,902 |  |  | 535 |
Less: Imputed interest |  | (864) |  |  | (72) |
Total |  | $ | 3,038 |  |  | $ | 463 |
Schedule of Maturities of Operating Lease Liabilities | Maturities of lease liabilities as of December 31, 2024 were as follows (in millions):
|  | Operating Leases |  | Finance Leases
2025 |  | $ | 432 |  |  | $ | 130 |
2026 |  | 377 |  |  | 112 |
2027 |  | 349 |  |  | 91 |
2028 |  | 338 |  |  | 57 |
2029 |  | 334 |  |  | 30 |
Thereafter |  | 2,072 |  |  | 115 |
Total lease payments |  | 3,902 |  |  | 535 |
Less: Imputed interest |  | (864) |  |  | (72) |
Total |  | $ | 3,038 |  |  | $ | 463 |

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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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