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LEASES (Tables) | 12 Months Ended
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Dec. 31, 2024
Leases [Abstract] |
Carrying values of leases and classification on Balance Sheet | The following table presents the carrying values of our leases and the classification on our Balance Sheet.
($ in millions) | Balance Sheet Classification |  | At December 31, 2024 |  | At December 31, 2023
Operating lease assets | Other assets |  | $ | 74 |  |  | $ | 77 |
Finance lease assets | Property and equipment, net |  | 168 |  |  | 165 |
|  |  | $ | 242 |  |  | $ | 242 |
Operating lease liabilities | Accrued liabilities |  | $ | 94 |  |  | $ | 102 |
Finance lease liabilities | Debt, net |  | 199 |  |  | 189 |
|  |  | $ | 293 |  |  | $ | 291 |
Lease, Cost | The following table presents the lease costs and the classification on our Income Statements for 2024, 2023, and 2022.
($ in millions) | Income Statement Classification |  | 2024 |  | 2023 |  | 2022
Operating lease cost | Marketing and sales expense General and administrative expense |  | $ | 19 |  |  | $ | 31 |  |  | $ | 31 |
Finance lease cost |  |  |  |  |  |  |
Amortization of right-of-use assets | Depreciation and amortization |  | 12 |  |  | 10 |  |  | 7 |
Interest on lease liabilities | Financing expense |  | 13 |  |  | 11 |  |  | 4 |
Variable lease cost | Marketing and sales expense |  | 2 |  |  | 3 |  |  | 3 |
|  |  | $ | 46 |  |  | $ | 55 |  |  | $ | 45 |
The following table presents additional information about our lease obligations.
| At December 31, 2024 |  | At December 31, 2023
Weighted-average remaining lease term |  |  |
Operating leases | 6.2 years |  | 7.6 years
Finance leases | 35.1 years |  | 36.4 years
Weighted-average discount rate |  |  |
Operating leases | 6.5% |  | 6.6%
Finance leases | 6.5% |  | 6.5%
Other Information The following table presents supplemental cash flow information for 2024, 2023, and 2022.
($ in millions) | 2024 |  | 2023 |  | 2022
Cash paid for amounts included in measurement of lease liabilities |  |  |  |  |
Operating cash flows for finance leases | $ | 14 |  |  | $ | 7 |  |  | $ | 5 |
Operating cash flows for operating leases | $ | 24 |  |  | $ | 33 |  |  | $ | 32 |
Financing cash flows for finance leases | $ | 6 |  |  | $ | 5 |  |  | $ | 4 |
Right-of-use assets obtained in exchange for lease obligations |  |  |  |  |
Operating leases | $ | 23 |  |  | $ | 31 |  |  | $ | 6 |
Finance leases | $ | 16 |  |  | $ | 88 |  |  | $ | 8 |
Lessee, Operating Lease, Liability, Maturity | The following table presents the maturity of our operating and finance lease liabilities as of December 31, 2024.
($ in millions) | Operating Leases |  | Finance Leases |  | Total
2025 | $ | 25 |  |  | $ | 18 |  |  | $ | 43 |
2026 | 23 |  |  | 16 |  |  | 39 |
2027 | 16 |  |  | 14 |  |  | 30 |
2028 | 12 |  |  | 13 |  |  | 25 |
2029 | 10 |  |  | 13 |  |  | 23 |
Thereafter | 31 |  |  | 461 |  |  | 492 |
Total lease payments | 117 |  |  | 535 |  |  | 652 |
Less: Imputed interest | (23) |  |  | (336) |  |  | (359) |
| $ | 94 |  |  | $ | 199 |  |  | $ | 293 |
Finance Lease, Liability, Fiscal Year Maturity | The following table presents the maturity of our operating and finance lease liabilities as of December 31, 2024.
($ in millions) | Operating Leases |  | Finance Leases |  | Total
2025 | $ | 25 |  |  | $ | 18 |  |  | $ | 43 |
2026 | 23 |  |  | 16 |  |  | 39 |
2027 | 16 |  |  | 14 |  |  | 30 |
2028 | 12 |  |  | 13 |  |  | 25 |
2029 | 10 |  |  | 13 |  |  | 23 |
Thereafter | 31 |  |  | 461 |  |  | 492 |
Total lease payments | 117 |  |  | 535 |  |  | 652 |
Less: Imputed interest | (23) |  |  | (336) |  |  | (359) |
| $ | 94 |  |  | $ | 199 |  |  | $ | 293 |

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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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