XML 55 R41.htm IDEA: XBRL DOCUMENT

Leases (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Components of Lease Cost and Rent Expense

The components of lease cost and rent expense for the years ended December 31, 2024, 2023 and 2022 are as follows (in millions):


		Year Ended December 31,
Lease Cost		2024				2023				2022
Operating lease cost:
Operating lease cost		$	185			$	211			$	211
Short-term rent expense			90				90				87
Variable lease cost			29				23				24
Sublease income			(5	)			(5	)			(5	)
Total operating lease cost		$	299			$	319			$	317
Finance lease cost:
Amortization of ROU assets		$	10			$	13			$	13
Interest on finance lease liabilities			14				13				15
Total finance lease cost		$	24			$	26			$	28

Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases was as follows (in millions):


		Balance Sheet Classification		December 31, 2024				December 31, 2023
Operating Leases:
Operating Lease ROU Assets		Other assets, net		$	623			$	665

Finance Leases:
Finance Lease ROU Assets		Property and equipment
		Land and improvements		$	—			$	—
		Buildings and improvements			235				246
		Equipment and fixtures			9				10
		Property and equipment			244				256
		Less: accumulated depreciation and amortization			(63	)			(55	)
		Property and equipment, net		$	181			$	201

Current finance lease liabilities		Current maturities of long-term debt		$	2			$	2
Long-term finance lease liabilities		Long-term debt			193				214

Supplemental Cash Flow and Other Information Related to Leases

Supplemental cash flow information related to leases for the years ended December 31, 2024, 2023 and 2022 are as follows (in millions):


		Year Ended December 31,
Cash flow information		2024				2023				2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases (1)		$	179			$	200			$	204
Operating cash flows from finance leases			14				13				15
Financing cash flows from finance leases			2				3				9
ROU assets obtained in exchange for new finance lease liabilities			3				1				42
ROU assets obtained in exchange for new operating lease liabilities			101				102				195
Weighted-average remaining lease term:
Operating leases		9 years				9 years				8 years
Finance leases		30 years				30 years				31 years
Weighted-average discount rate:
Operating leases			8.9	%			8.8	%			8.0	%
Finance leases			6.1	%			6.2	%			6.4	%

(1)

Included in the change in other operating assets and liabilities in the consolidated statements of cash flows.

Commitments Relating To Noncancellable Operating And Finance Leases And Financing Obligations

Commitments relating to noncancellable operating and finance leases and financing obligations for each of the next five years and thereafter are as follows (in millions):


										Financing
Year Ending December 31,		Operating				Finance				Obligations
2025		$	171			$	15			$	13
2026			138				16				13
2027			111				16				13
2028			90				16				14
2029			64				15				14
Thereafter			458				463				45
Total minimum future payments			1,032				541				112
Less: Imputed interest			(382	)			(346	)			36
Total liabilities			650				195				148
Less: Current portion			(115	)			(2	)			(3	)
Long-term liabilities		$	535			$	193			$	145