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Leases
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Leases Leases
The Company has operating leases for real estate, vehicles and equipment. Operating leases are included in operating lease right-of-use assets, operating lease liabilities - current, and operating lease liabilities in the Consolidated Balance Sheets. Amounts recognized for finance leases as of and for the years ended December 31, 2024 and 2023 were immaterial.
Lease costs incurred by lease type, and/or type of payment for the annual periods ending December 31 were as follows:
(in millions)202420232022
Short-term lease cost$2 $1 $2 
Operating lease cost50 55 53 
Variable lease cost26 22 21 
Total lease cost$78 $78 $76 
Other supplemental quantitative disclosures for the years ended December 31 are as follows:
(in millions)202420232022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$50 $54 $52 
Right-of-use assets obtained in exchange for operating lease liabilities82 42 62 
Weighted-average remaining lease term (in years) - operating leases6.886.286.57
Weighted-average discount rate - operating leases4.11 %3.39 %2.83 %
Estimated undiscounted future lease payments under non-cancellable operating leases as of December 31, 2024, are as follows:
(in millions)Operating Lease
Liabilities
2025$45 
202642 
202730 
202824 
202918 
Thereafter65 
Total undiscounted future cash flows224 
Less: imputed interest31 
Present value of future cash flows$193 
Leases Leases
The Company has operating leases for real estate, vehicles and equipment. Operating leases are included in operating lease right-of-use assets, operating lease liabilities - current, and operating lease liabilities in the Consolidated Balance Sheets. Amounts recognized for finance leases as of and for the years ended December 31, 2024 and 2023 were immaterial.
Lease costs incurred by lease type, and/or type of payment for the annual periods ending December 31 were as follows:
(in millions)202420232022
Short-term lease cost$2 $1 $2 
Operating lease cost50 55 53 
Variable lease cost26 22 21 
Total lease cost$78 $78 $76 
Other supplemental quantitative disclosures for the years ended December 31 are as follows:
(in millions)202420232022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$50 $54 $52 
Right-of-use assets obtained in exchange for operating lease liabilities82 42 62 
Weighted-average remaining lease term (in years) - operating leases6.886.286.57
Weighted-average discount rate - operating leases4.11 %3.39 %2.83 %
Estimated undiscounted future lease payments under non-cancellable operating leases as of December 31, 2024, are as follows:
(in millions)Operating Lease
Liabilities
2025$45 
202642 
202730 
202824 
202918 
Thereafter65 
Total undiscounted future cash flows224 
Less: imputed interest31 
Present value of future cash flows$193