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Leases (Tables)

3 Months Ended

Mar. 31, 2025

Leases [Abstract]

Components of Lease Cost and Rent Expense

The components of lease cost and rent expense for the three months ended March 31, 2025 and 2024 are as follows (in millions):


		Three Months Ended March 31,
Lease Cost		2025				2024
Operating lease cost:
Operating lease cost		$	44			$	48
Short-term rent expense			19				23
Variable lease cost			6				7
Sublease income			(1	)			(1	)
Total operating lease cost		$	68			$	77
Finance lease cost:
Amortization of right-of-use assets		$	2			$	3
Interest on finance lease liabilities			3				3
Total finance lease cost		$	5			$	6

Supplemental Balance Sheet Information Related to Leases

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


		Balance Sheet Classification		March 31, 2025				December 31, 2024
Operating Leases:
Operating lease right-of-use assets		Other assets, net		$	621			$	623

Finance Leases:
Finance lease right-of-use assets		Property and equipment
		Land and improvements		$	—			$	—
		Buildings and improvements			235				235
		Equipment and fixtures			7				9
		Property and equipment			242				244
		Less: Accumulated depreciation and amortization			(63	)			(63	)
		Property and equipment, net		$	179			$	181

Current finance lease liabilities		Current maturities of long-term debt		$	2			$	2
Long-term finance lease liabilities		Long-term debt			200				193

Supplemental Cash Flow and Other Information Related to Leases

Supplemental cash flow information related to leases for the three months ended March 31, 2025 and 2024 is as follows (in millions):


		Three Months Ended March 31,
Cash flow information		2025				2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases (1)		$	41			$	46
Operating cash flows from finance leases			3				3
Financing cash flows from finance leases			1				1
Right-of-use assets obtained in exchange for new finance lease liabilities			—				1
Right-of-use assets obtained in exchange for new operating lease liabilities			39				10

(1)

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