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Leases
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Leases
17. LEASES
 
[a]
The Company has entered into leases primarily for real estate, manufacturing equipment, and vehicles with terms that typically range from 1 to 15 years, excluding land use rights which generally extend over
90
years. These leases often include
options to extend the term of the lease
, most often for a period of 5 years. When it is reasonably certain that the option will be exercised, the impact of the option is included in the lease term for purposes of determining total future lease payments.
Costs associated with the Company’s operating lease expense were as follows:
 
     
2024
     2023  
Operating lease expense
   
$
410
 
   $ 353  
Short-term lease expense
   
 
21
 
     18  
Variable lease expense
   
 
30
 
     27  
Total lease expense
   
$
    461
  
   $     398  
Supplemental information related to the Company’s operating leases is as follows:
 
     
2024
      2023  
Operating cash flows – cash paid
   
$
438
 
    $ 366  
New
right-of-use
assets
   
$
748
 
    $ 320  
Weighted-average remaining lease term
   
 
  9 years
 
         8 years  
Weighted-average discount rate
   
 
6.3%
 
      5.4%  
 
[b]
Operating lease liabilities consist of:
 
Current operating liabilities
   
$
293
 
   $ 399  
Non-current
operating lease liabilities
   
 
1,662
 
     1,319  
Total lease liabilities
   
$
   1,955
  
   $    1,718  
 
[c]
Future annual payments for operating leases are as follows
[i]
:
 
   
2025
   
$
379
 
2026
   
 
333
 
2027
   
 
298
 
2028
   
 
264
 
2029
   
 
230
 
Thereafter
   
 
1,006
 
  
 
2,510
 
Less: amount representing interest
   
 
555
 
Total lease liabilities
   
$
   1,955
 
 
  [i]
Excludes $11 million of future payments for leases, primarily for manufacturing facilities, commencing during
2025
.
 
[d]
The Company’s finance leases were not material for any of the periods presented.