Leases

12 Months Ended

Dec. 31, 2024

Our operating lease assets primarily represent manufacturing and research and development facilities, warehouses and offices. Total operating lease expense was $530, $457 and $421 for the years ended December 31, 2024, 2023 and 2022, of which $75, $76 and $75 was attributable to variable lease expenses, respectively.

For the years ended December 31, 2024, 2023 and 2022, cash payments against operating lease liabilities totaled $408, $323 and $294, and non-cash transactions totaled $490, $488 and $245 to recognize operating assets and liabilities for new leases and modifications.

Supplemental information related to leases included in the Consolidated Statements of Financial Position at December 31 is as follows:


	2024	2023
Operating leases:
Operating lease right-of-use assets	$1,984	$1,690
Operating lease liabilities:
Current portion of lease liabilities	324	296
Non-current portion of lease liabilities	1,770	1,518
Total operating lease liabilities	$2,094	$1,814

Weighted average remaining lease term (years)	12	11
Weighted average discount rate	3.43%	3.21%

Operating lease assets are included in Other assets, net, with the related liabilities included in Accrued liabilities and Other long-term liabilities.

Scheduled payments for operating lease liabilities are as follows:


						Operating leases
2025						$421
2026						373
2027						318
2028						263
2029						194
Thereafter						1,285
Total lease payments						2,855
Less imputed interest						(761)
Total						$2,094

As of December 31, 2024, we have entered into leases that have not yet commenced of $15 for offices. These leases will commence in 2025 with lease terms of 3 years to 10 years.