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LEASES (Tables)
9 Months Ended
Sep. 30, 2025
Leases [Abstract]  
Schedule of Lease, Cost
The components of lease expense were as follows:
TABLE 7.1
Three Months Ended
September 30,
Nine Months Ended
September 30,
(in millions)2025202420252024
Operating lease cost$10 $11 $30 $30 
Variable lease cost1 4 
Finance lease cost1 — 3 
Total lease cost$12 $12 $37 $36 
Schedule of Leases, Other Information
Other information related to leases is as follows:
TABLE 7.2
Nine Months Ended
September 30,
(dollars in millions)20252024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$28 $25 
Operating cash flows from finance leases$1 $
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$19 $25 
Finance leases$ $
Weighted average remaining lease term (years):
Operating leases1111
Finance leases1719
Weighted average discount rate:
Operating leases4.0 %3.9 %
Finance leases3.6 %3.4 %
Schedule of Lessee, Operating Lease, Liability, Maturity
Future cash flows of lease liabilities are as follows:
TABLE 7.3
(in millions)Operating LeasesFinance LeasesTotal Leases
September 30, 2025
0 - 12 months$36 $$38 
13 - 24 months32 35 
25 - 36 months29 32 
37 - 48 months26 29 
49 - 60 months24 27 
Later years149 34 183 
Total lease payments296 48 344 
Less: imputed interest(59)(12)(71)
Present value of lease liabilities$237 $36 $273 
Schedule of Finance Lease, Liability, Fiscal Year Maturity
Future cash flows of lease liabilities are as follows:
TABLE 7.3
(in millions)Operating LeasesFinance LeasesTotal Leases
September 30, 2025
0 - 12 months$36 $$38 
13 - 24 months32 35 
25 - 36 months29 32 
37 - 48 months26 29 
49 - 60 months24 27 
Later years149 34 183 
Total lease payments296 48 344 
Less: imputed interest(59)(12)(71)
Present value of lease liabilities$237 $36 $273