Annual report [Section 13 and 15(d), not S-K Item 405]

Leases, Codification Topic 842 (Tables)

v3.25.0.1
Leases, Codification Topic 842 (Tables)
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Lease, Cost [Table Text Block]
The components of lease cost for the years ended December 31, 2024, 2023 and 2022, were as follows:
Year ended December 31,
(in millions) 2024 2023 2022
Finance lease cost
     Depreciation of leased assets $ 2  2  5 
     Interest on lease liabilities —  —  3 
Total finance lease cost 2  2  8 
Operating lease cost (1) 124  121  73 
     Total lease cost $ 126  123  81 
(1) Included within operating lease costs were short-term lease costs and variable lease costs, which were not material to the financial statements.
Weighted average lease term and discount rate [Table Text Block]
The remaining weighted-average lease term and the weighted-average discount rate were as follows:
December 31, 2024
Weighted-average remaining lease term (years):
     Operating leases 12.6
Weighted-average discount rate:
     Operating leases 14.2  %
Leases, Supplemental Balance Sheet Information [Table Text Block]
Supplemental balance sheet information related to leases was as follows:
December 31,
(in millions) 2024 2023
Operating Leases:
  Operating lease right-of-use assets $ 482  510 
  Accrued liabilities $ 27  27 
  Other long-term liabilities 475  488 
      Total operating lease liabilities $ 502  515 
Finance Leases:
   Property and equipment $ 10  10 
   Accumulated depreciation (10) (8)
     Property and equipment, net $ —  2 
   Current portion of debt and finance lease obligations $ —  1 
   Long-term portion of debt and finance lease obligations —  1 
     Total finance lease liabilities $ —  2 
Leases, Supplemental Cash Flow Information [Table Text Block]
Supplemental cash flow information related to leases for the years ended December 31, 2024, 2023 and 2022 was as follows:
Year ended December 31,
(in millions) 2024 2023 2022
Cash paid for amounts included in the measurement of lease liabilities:
     Operating cash flows for operating leases $ 87  90  57 
     Operating cash flows for finance leases —  —  3 
     Financing cash flows for finance leases 1  2  6 
Right-of-use assets obtained in exchange for lease obligations:
      Operating leases 15  133  256 
Future minimum lease payments
Future payments under noncancelable operating leases with initial terms of one year or more as of December 31, 2024 consisted of the following:    
(in millions) Operating leases
2025 90 
2026 86 
2027 85 
2028 85 
2029 86 
Thereafter 696 
Total lease payments 1,128 
Less: imputed interest (626)
Total lease liabilities 502