LEASES (Tables)

3 Months Ended

Mar. 31, 2025

Leases [Abstract]

Lease Cost

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

	2025		2024
Operating lease costs	$	231	$	231
Finance lease costs:
Amortization of assets	35		35
Interest on lease liabilities	7		5
Total finance lease costs	42		40
Variable lease costs	72		76
Short-term lease costs	212		199
Total lease costs(1)	$	557	$	546

(1)    This table excludes sublease income as it was not material for the three months ended March 31, 2025 and 2024.

Supplemental cash flow information related to leases is as follows (in millions):

	Three Months Ended  March 31,
	2025		2024
Cash paid for amounts included in measurement of obligations:
Operating cash flows from operating leases	$	238	$	227
Operating cash flows from finance leases	3		3
Financing cash flows from finance leases	30		26
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	16	$	151
Finance leases	32		14

Supplemental Balance Sheet

Supplemental information related to leases and location within our consolidated balance sheets is as follows (in millions, except lease term and discount rate):

	March 31, 2025		December 31, 2024
Operating Leases:
Operating lease right-of-use assets	$	4,015	$	4,149
Current maturities of operating leases	$	720	$	733
Non-current operating leases	3,505		3,635
Total operating lease obligations	$	4,225	$	4,368
Finance Leases:
Property, plant and equipment, net	$	644	$	657
Current maturities of long-term debt, commercial paper and finance leases	$	98	$	104
Long-term debt and finance leases	361		351
Total finance lease obligations	$	459	$	455

Operating Leases Maturity Schedule

Maturities of lease obligations as of March 31, 2025 were as follows (in millions):

	Finance Leases		Operating Leases
2025	$	93	$	637
2026	93		799
2027	61		689
2028	54		528
2029	43		408
Thereafter	222		1,989
Total lease payments	566		5,050
Less: Imputed interest	(107)		(825)
Total lease obligations	459		4,225
Less: Current obligations	(98)		(720)
Long-term lease obligations	$	361	$	3,505

Finance Leases Maturity Schedule

Maturities of lease obligations as of March 31, 2025 were as follows (in millions):

	Finance Leases		Operating Leases
2025	$	93	$	637
2026	93		799
2027	61		689
2028	54		528
2029	43		408
Thereafter	222		1,989
Total lease payments	566		5,050
Less: Imputed interest	(107)		(825)
Total lease obligations	459		4,225
Less: Current obligations	(98)		(720)
Long-term lease obligations	$	361	$	3,505