LEASES (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Composition of Lease Expense and Supplemental Cash Flows

The following table details the composition of lease expense and supplemental cash flow information for 2024, 2023, and 2022:

(in millions)	2024		2023		2022
Operating lease cost	$	143	$	155	$	165
Variable lease cost	122		128		90
Operating cash outflows for operating leases	154		240		191

The following table presents additional information about our lease obligations at year-end 2024 and 2023:

	2024				2023
	Operating Leases		Finance Leases		Operating Leases		Finance Leases
Weighted Average Remaining Lease Term (in years)	13		9		13		10
Weighted Average Discount Rate	4.3	%	4.4	%	4.3	%	4.4	%

Maturities of Finance Lease Liabilities

The following table presents our future minimum lease payments at year-end 2024:

(in millions)	Operating Leases		Finance Leases
2025	$	145	$	14
2026	124		15
2027	87		15
2028	82		16
2029	80		16
Thereafter	644		76
Total minimum lease payments	$	1,162	$	152
Less: Amount representing interest	264		28
Present value of minimum lease payments	$	898	$	124

Maturities of Operating Lease Liabilities

The following table presents our future minimum lease payments at year-end 2024:

(in millions)	Operating Leases		Finance Leases
2025	$	145	$	14
2026	124		15
2027	87		15
2028	82		16
2029	80		16
Thereafter	644		76
Total minimum lease payments	$	1,162	$	152
Less: Amount representing interest	264		28
Present value of minimum lease payments	$	898	$	124

Assets And Liabilities, Lessee

The following table presents the composition of our current and noncurrent lease liability at year-end 2024 and 2023:

(in millions)	December 31, 2024				December 31, 2023
	Operating Leases		Finance Leases		Operating Leases		Finance Leases
Current (1)	$	104	$	9	$	105	$	8
Noncurrent (2)	794		115		887		123
	$	898	$	124	$	992	$	131

(1)Operating leases are recorded in the “Accrued expenses and other” and finance leases are recorded in the “Current portion of long-term debt” captions of our Balance Sheets.

(2)Operating leases are recorded in the “Operating lease liabilities” and finance leases are recorded in the “Long-term debt” captions of our Balance Sheets.