XML 54 R40.htm IDEA: XBRL DOCUMENT

Leases (Tables)

12 Months Ended

Dec. 31, 2024

Supplemental balance sheet information is as follows (in millions):


		December 31,
	Classification	2024		2023
Assets
Operating	Other assets	$	40	$	40
Finance	Property, plant and equipment, net		24		21
Total ROU assets		$	64	$	61

Liabilities
Current
Operating	Accrued liabilities	$	13	$	11
Finance	Other current liabilities		10		7
Long-term
Operating	Long-term operating lease liabilities		29		30
Finance	Other long-term liabilities		15		15
Total lease liabilities		$	67	$	63

Components of Lease Expense

Components of lease expense is as follows (in millions):


		Year Ended December 31,
	Classification	2024			2023			2022
Operating lease cost (1)	Warehousing, selling and administrative	$	18		$	18		$	16
Finance lease ROU asset depreciation (2)	Warehousing, selling and administrative		10			6			4
Short-term lease cost	Warehousing, selling and administrative		6			6			5
Variable lease cost	Warehousing, selling and administrative		2			3			3
Sublease income	Warehousing, selling and administrative		(2	)		(3	)		(2	)

(1)

Included in other, net adjustment to reconcile net income to net cash provided by (used in) operating activities in the consolidated statement of cash flows.

(2)

Included in depreciation and amortization in the consolidated statement of cash flows. Interest on finance lease liabilities is $1 million, $1 million and less than $1 million in 2024, 2023 and 2022, respectively.

Supplemental Cash Flow Information

Supplemental disclosure of cash flow information is as follows (in millions):


	Year Ended December 31,
	2024		2023		2022
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	19	$	18	$	21
Financing cash flows from finance leases (1)		11		7		5
ROU assets obtained in exchange for new lease liabilities
Operating	$	17	$	18	$	25
Finance		13		17		9

(1)

Interest payments from finance lease liabilities is $1 million, $1 million and less than $1 million in 2024, 2023 and 2022, respectively.

Maturity of Lease Liabilities

Maturity of lease liabilities as of December 31, 2024 were as follows (in millions):


	Operating Lease			Finance Lease
2025	$	16		$	11
2026		12			10
2027		8			5
2028		5			1
2029		2			—
Thereafter		5			1
Total future lease payments		48			28
Less: interest		(6	)		(3	)
Present value of lease liabilities	$	42		$	25