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Leases (Tables)
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Components of lease costs
The components of lease costs were as follows:
Year ended December 31,
 202420232022
 (in millions)
Operating lease cost$112 $113 $103 
Short-term lease cost40 30 48 
Variable lease cost5 4 6 
Total lease cost$157 $147 $157 
Supplemental cash flows related to leases
The following provides additional information relating to cash flow activities:
 Year ended December 31,
 202420232022
 (in millions)
Cash paid during the year for   
Interest—net of interest capitalized $118 $145 $257 
Income taxes—net of refunds410 373 1,776 
Supplemental disclosure of noncash investing and financing activities:
Change in capitalized expenditures in accounts payable and accrued expenses$33 $15 $18 
Change in accrued share repurchases, including accrued excise taxes 19 5 (1)
Supplemental cash flow information related to leases was as follows:
Year ended December 31,
 202420232022
 (in millions)
Operating cash flows - cash paid for amounts included in the measurement of operating lease liabilities$98 $107 $100 
Right-of-use (ROU) assets obtained in exchange for operating lease obligations107 103 106 
Supplemental balance sheet related to leases
Supplemental balance sheet information related to leases was as follows:
December 31,
 20242023
 (in millions)
Operating lease ROU assets$266 $259 
Current operating lease liabilities$86 $96 
Operating lease liabilities189 168 
Total operating lease liabilities$275 $264 
Other information related to leases was as follows:
December 31,
 20242023
Operating leases
Weighted-average remaining lease term5 years5 years
Weighted-average discount rate5.0 %4.7 %
As of December 31, 2024, we have entered into four additional leases that have not yet commenced, with future minimum lease payments totaling $37 million with minimum terms ranging from five to seven years.
Reconciliation of undiscounted cash flows
The following table reconciles the undiscounted cash flows for our operating leases to the operating lease liabilities recorded on our consolidated balance sheet as of December 31, 2024:
 Operating
lease payments
 (in millions)
2025$96 
202674 
202751 
202838 
202920 
Thereafter39 
Total lease payments318 
Less: imputed interest(43)
Present value of lease liabilities275 
Less: Current operating lease liabilities(86)
Operating lease liabilities$189