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LEASES

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

LEASES

LEASES

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

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 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

Lease Term and Discount Rate

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

LEASES

LEASES

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

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 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

Lease Term and Discount Rate

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

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- References

No definition available.

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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

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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

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