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Leases (Tables) | 12 Months Ended
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Dec. 31, 2024
Leases [Abstract] |
Schedule of Components of Lease Expense | The components of lease expense consist of the following (in millions):
|  |  | Years Ended December 31,
| Classification |  | 2024 |  | 2023
Operating lease cost(a) | Direct operating |  | $ | 158 |  |  | $ | 132 |
Finance lease cost: |  |  |  |  |
Amortization of ROU assets | Depreciation and amortization |  | 16 |  |  | 14 |
Interest on lease liabilities | Interest expense, net |  | 3 |  |  | 2 |
Sublease income | Equipment rental revenue |  | (77) |  |  | (61) |
Net lease cost |  | $ | 100 |  |  | $ | 87 |
(a) Includes short-term leases of $62 million and $52 million for the year ended December 31, 2024 and 2023, respectively, and variable lease costs of $6 million and $3 million for the year ended December 31, 2024 and 2023, respectively.
Schedule of Balance sheet Information Related to Leases | Balance sheet information related to leases consists of the following (in millions):
| Classification |  | December 31, 2024 |  | December 31, 2023
Assets |  |  |  |  |
Operating lease ROU assets | Right-of-use assets |  | $ | 852 |  |  | $ | 665 |
Finance lease ROU assets | Property and equipment, net(a) |  | 74 |  |  | 74 |
Total leased assets |  | $ | 926 |  |  | $ | 739 |
Liabilities |  |  |  |  |
Current: |  |  |  |  |
Operating | Current maturities of operating lease liabilities |  | $ | 39 |  |  | $ | 37 |
Finance | Current maturities of long-term debt and financing obligations |  | 17 |  |  | 15 |
Non-current: |  |  |  |  |
Operating | Operating lease liabilities |  | 842 |  |  | 646 |
Finance | Long-term debt, net |  | 60 |  |  | 61 |
Total lease liabilities |  | $ | 958 |  |  | $ | 759 |
(a) Finance lease right-of-use assets are recorded net of accumulated amortization of $52 million and $37 million for the years ended December 31, 2024 and 2023, respectively.
| Years Ended December 31,
| 2024 |  | 2023
Weighted average remaining lease term: |  |  |
Operating leases | 17.1 |  | 16.8
Finance leases | 5.1 |  | 5.4
Weighted average discount rate: |  |  |
Operating leases | 4.31 | % |  | 3.95 | %
Finance leases | 4.29 | % |  | 4.01 | %
Schedule of Cash Flow Information Related to Leases | Cash flow information related to leases consists of the following (in millions):
| Years Ended December 31,
| 2024 |  | 2023
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows from operating leases | $ | 51 |  |  | $ | 49 |
Operating cash flows from finance leases | 3 |  |  | 2 |
Financing cash flows from finance leases | 16 |  |  | 12 |
Right-of-use assets obtained in exchange for lease obligations: |  |  |
Operating leases | 300 |  |  | 291 |
Finance leases | 17 |  |  | 24 |
Schedule of Lessee, Operating Lease, Liability, Maturity | Maturities of lease liabilities are as follows (in millions):
| Operating Leases |  | Finance Leases
2025 | $ | 76 |  |  | $ | 20 |
2026 | 82 |  |  | 18 |
2027 | 78 |  |  | 14 |
2028 | 75 |  |  | 13 |
2029 | 72 |  |  | 11 |
Thereafter | 942 |  |  | 11 |
Total lease payments | 1,325 |  |  | 87 |
Less: Interest | (444) |  |  | (10) |
Present value of lease liabilities | $ | 881 |  |  | $ | 77 |
Schedule of Finance Lease, Liability, Maturity | Maturities of lease liabilities are as follows (in millions):
| Operating Leases |  | Finance Leases
2025 | $ | 76 |  |  | $ | 20 |
2026 | 82 |  |  | 18 |
2027 | 78 |  |  | 14 |
2028 | 75 |  |  | 13 |
2029 | 72 |  |  | 11 |
Thereafter | 942 |  |  | 11 |
Total lease payments | 1,325 |  |  | 87 |
Less: Interest | (444) |  |  | (10) |
Present value of lease liabilities | $ | 881 |  |  | $ | 77 |

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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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