LEASES (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Schedule Of Lease By Asset Type

The Company's assets and liabilities for its lease agreements as of December 31, 2024 and 2023 were as follows:

Leases	Balance Sheet Classification	2024		2023
Assets
Operating	Operating lease right-of-use assets	$	651	$	602
Finance	Property, plant and equipment, net (a)	17		6
Total lease assets		$	668	$	608
Liabilities
Current:
Operating	Current portion of long-term operating lease liabilities	$	173	$	153
Finance	Current portion of long-term debt	1		1
Non-current:
Operating	Long-term operating lease liabilities	535		503
Finance	Long-term debt	16		6
Total lease liabilities		$	725	$	663

(a) Finance lease assets as of December 31, 2024 and 2023 were recorded net of accumulated amortization of $1 million and $5 million, respectively.

Lease, Cost

Components of lease cost for the years ended December 31, 2024, 2023 and 2022 were as follows:

Lease cost	2024		2023		2022
Operating lease cost (a)	$	402	$	353	$	345
Finance lease cost:
Amortization of leased assets	1		2		2
Interest on lease liabilities	1		—		1
Net lease cost	$	404	$	355	$	348

(a) Includes short-term leases and variable lease costs (primarily usage-based maintenance fees and utilities related to real estate leases and certain equipment-related and vehicle-related costs) of $204 million, $161 million and $160 million for the years ended December 31, 2024, 2023 and 2022, respectively.

Operating Lease, Liability, Maturity

The maturity of the Company's lease liabilities as of December 31, 2024 is as follows:

Maturity of lease liabilities	Operating leases		Finance leases		Total
2025	$	194	$	2	$	196
2026	170		2		172
2027	139		2		141
2028	105		2		107
2029	66		2		68
Thereafter	120		17		137
Total lease payments	794		27		821
Less: Interest	86		10		96
Present value of lease liabilities	$	708	$	17	$	725

Finance Lease, Liability, Maturity

The maturity of the Company's lease liabilities as of December 31, 2024 is as follows:

Maturity of lease liabilities	Operating leases		Finance leases		Total
2025	$	194	$	2	$	196
2026	170		2		172
2027	139		2		141
2028	105		2		107
2029	66		2		68
Thereafter	120		17		137
Total lease payments	794		27		821
Less: Interest	86		10		96
Present value of lease liabilities	$	708	$	17	$	725

Schedule of Lease Term and Discount Rate

Lease term and discount rate as of December 31, 2024 and 2023 were as follows:

Lease term and discount rate	2024		2023
Weighted-average remaining lease term (years):
Operating leases	5		6
Finance leases	13		5
Weighted-average discount rate:
Operating leases	4.4	%	4.0	%
Finance leases	6.9	%	2.4	%