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Leases (Tables)
12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Schedule of lease assets and liabilities
The table below presents the lease-related assets and liabilities recorded on our consolidated balance sheets as of December 31, 2024 and 2023 (in millions):
As of December 31,
20242023
AssetsClassification on Balance Sheet
Operating lease assetsOperating lease assets$550 $593 
Finance lease assetsProperty and equipment, net115 — 
Total lease assets$665 $593 
LiabilitiesClassification on Balance Sheet
Current:
Operating lease liabilitiesCurrent operating lease liabilities$93 $117 
Finance lease liabilitiesCurrent maturities of long-term debt and finance lease obligations15 — 
Long-term:
Operating lease liabilitiesLong-term operating lease liabilities510 547 
Finance lease liabilitiesLong-term debt and finance lease obligations101 — 
Total lease liabilities$719 $664 
As of December 31,
20242023
Weighted average remaining lease term (in years)
Operating leases88
Finance leases7— 
Weighted average discount rate
Operating leases7.1 %7.1 %
Finance leases5.8 %— %
Lease, cost
The table below presents certain information related to our lease costs during the years ended December 31, 2024, 2023, and 2022 (in millions):
202420232022
Operating lease cost$139 $167 $158 
Short-term lease cost
Finance lease cost:
Amortization of assets— — 
Interest on lease liabilities— — 
Variable lease cost607 614 500 
Sublease income(23)(20)(20)
Total net lease cost$738 $763 $639 
Schedule of leases, supplemental cash flows
The table below presents supplemental cash flow information related to leases during the years ended December 31, 2024, 2023, and 2022 (in millions):
202420232022
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases$162 $168 $154 
Operating cash flows for finance leases— — 
Financing cash flows for finance leases
Lessee, operating lease, liability, maturity
The table below presents scheduled future minimum lease payments for operating and finance leases recorded on our consolidated balance sheets, as of December 31, 2024 (in millions):
As of December 31, 2024
Operating LeasesFinance Leases
2025$132 $21 
2026108 21 
202796 21 
202882 21 
202975 21 
Thereafter301 34 
Total minimum lease payments$794 $139 
Less: amount of lease payment representing interest(191)(23)
Present value of future minimum lease payment$603 $116 
Less: current obligations under leases(93)(15)
Long-term lease obligations$510 $101 
Lessee, finance lease, liability, maturity
The table below presents scheduled future minimum lease payments for operating and finance leases recorded on our consolidated balance sheets, as of December 31, 2024 (in millions):
As of December 31, 2024
Operating LeasesFinance Leases
2025$132 $21 
2026108 21 
202796 21 
202882 21 
202975 21 
Thereafter301 34 
Total minimum lease payments$794 $139 
Less: amount of lease payment representing interest(191)(23)
Present value of future minimum lease payment$603 $116 
Less: current obligations under leases(93)(15)
Long-term lease obligations$510 $101