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Leases | 12 Months Ended
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Dec. 31, 2024
Leases [Abstract] |
Leases | Leases The components of lease expense for the years ended December 31, 2024, 2023 and 2022 were as follows:
| 2024 |  | 2023 |  | 2022
Operating lease costs: |  |  |  |  |
Operating lease cost | $ | 56 |  |  | $ | 54 |  |  | $ | 58 |
Short-term lease cost | 2 |  |  | 2 |  |  | 2 |
Total operating lease costs | $ | 58 |  |  | $ | 56 |  |  | $ | 60 |
Finance lease cost: |  |  |  |  |
Amortization of right-of-use assets | $ | — |  |  | $ | 1 |  |  | $ | 1 |
Total finance lease costs | $ | — |  |  | $ | 1 |  |  | $ | 1 |
Variable operating lease cost was $4, $5, and $4 for the years ended December 31, 2024, 2023, and 2022. Interest on finance lease liabilities was less than $1 for each of the years ended December 31, 2024, 2023, and 2022. Supplemental cash flow information related to leases was as follows:
| 2024 |  | 2023 |  | 2022
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |
Operating cash flows from operating leases | $ | 55 |  |  | $ | 54 |  |  | $ | 53 |
Financing cash flows from finance leases | 2 |  |  | 2 |  |  | 1 |
Right-of-use assets obtained in exchange for lease obligations: |  |  |  |  |
Operating leases | $ | 52 |  |  | $ | 36 |  |  | $ | 87 |
Supplemental balance sheet information related to finance leases was as follows:
| 2024 |  | 2023
Finance leases: |  |  |
Property, plant and equipment | $ | 19 |  |  | $ | 21 |
Accumulated depreciation | (3) |  |  | (3) |
Property, plant and equipment, net | $ | 16 |  |  | $ | 18 |
Accrued liabilities | $ | 1 |  |  | $ | 1 |
Other non-current liabilities | 3 |  |  | 5 |
Total finance lease liabilities | $ | 4 |  |  | $ | 6 |
The weighted average remaining lease term and weighted average discount rates for each year were as follows:
| 2024 |  | 2023 |
Weighted average remaining lease term (years): |  |  |  |
Operating leases | 9.4 |  | 9.5 |
Finance leases | 3.1 |  | 4.1 |
Weighted average discount rate: |  |  |  |
Operating leases | 4.7 | % |  | 4.5 | % |
Finance leases | 2.7 | % |  | 3.5 | % |
Maturities of lease liabilities as of December 31, 2024 were as follows:
| Operating Leases |  | Finance Leases
2025 | $ | 49 |  |  | $ | 2 |
2026 | 42 |  |  | 1 |
2027 | 33 |  |  | 1 |
2028 | 27 |  |  | — |
2029 | 23 |  |  | — |
Thereafter | 97 |  |  | — |
Total lease payments | 271 |  |  | 4 |
Less imputed interest | (57) |  |  | — |
| $ | 214 |  |  | $ | 4 |
At December 31, 2024, the Company did not have material lease commitments that had not commenced.
Leases | Leases The components of lease expense for the years ended December 31, 2024, 2023 and 2022 were as follows:
| 2024 |  | 2023 |  | 2022
Operating lease costs: |  |  |  |  |
Operating lease cost | $ | 56 |  |  | $ | 54 |  |  | $ | 58 |
Short-term lease cost | 2 |  |  | 2 |  |  | 2 |
Total operating lease costs | $ | 58 |  |  | $ | 56 |  |  | $ | 60 |
Finance lease cost: |  |  |  |  |
Amortization of right-of-use assets | $ | — |  |  | $ | 1 |  |  | $ | 1 |
Total finance lease costs | $ | — |  |  | $ | 1 |  |  | $ | 1 |
Variable operating lease cost was $4, $5, and $4 for the years ended December 31, 2024, 2023, and 2022. Interest on finance lease liabilities was less than $1 for each of the years ended December 31, 2024, 2023, and 2022. Supplemental cash flow information related to leases was as follows:
| 2024 |  | 2023 |  | 2022
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |
Operating cash flows from operating leases | $ | 55 |  |  | $ | 54 |  |  | $ | 53 |
Financing cash flows from finance leases | 2 |  |  | 2 |  |  | 1 |
Right-of-use assets obtained in exchange for lease obligations: |  |  |  |  |
Operating leases | $ | 52 |  |  | $ | 36 |  |  | $ | 87 |
Supplemental balance sheet information related to finance leases was as follows:
| 2024 |  | 2023
Finance leases: |  |  |
Property, plant and equipment | $ | 19 |  |  | $ | 21 |
Accumulated depreciation | (3) |  |  | (3) |
Property, plant and equipment, net | $ | 16 |  |  | $ | 18 |
Accrued liabilities | $ | 1 |  |  | $ | 1 |
Other non-current liabilities | 3 |  |  | 5 |
Total finance lease liabilities | $ | 4 |  |  | $ | 6 |
The weighted average remaining lease term and weighted average discount rates for each year were as follows:
| 2024 |  | 2023 |
Weighted average remaining lease term (years): |  |  |  |
Operating leases | 9.4 |  | 9.5 |
Finance leases | 3.1 |  | 4.1 |
Weighted average discount rate: |  |  |  |
Operating leases | 4.7 | % |  | 4.5 | % |
Finance leases | 2.7 | % |  | 3.5 | % |
Maturities of lease liabilities as of December 31, 2024 were as follows:
| Operating Leases |  | Finance Leases
2025 | $ | 49 |  |  | $ | 2 |
2026 | 42 |  |  | 1 |
2027 | 33 |  |  | 1 |
2028 | 27 |  |  | — |
2029 | 23 |  |  | — |
Thereafter | 97 |  |  | — |
Total lease payments | 271 |  |  | 4 |
Less imputed interest | (57) |  |  | — |
| $ | 214 |  |  | $ | 4 |
At December 31, 2024, the Company did not have material lease commitments that had not commenced.

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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