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Leasing (Tables)
12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Schedule of Lease Expense and Operating Cash Flows

Lease expense and operating cash flows include:

 

2023

 

 

2022

 

Costs from operating leases

 

$

53

 

 

$

54

 

Variable lease payments

 

$

25

 

 

$

16

 

Short-term rental expense

 

$

11

 

 

$

2

 

Schedule of Weighted Average Lease Term and Weighted Average Discount Rate

The weighted average lease term and weighted average discount rate were as follows:

December 31,

 

2023

 

 

2022

 

Weighted average lease term for operating leases (years)

 

12.9

 

 

5.1

 

Weighted average discount rate for operating leases

 

 

6.7

%

 

 

5.6

%

Schedule of Aggregate Right-of Use Assets and Related Lease Obligations

The following represents the aggregate right-of-use assets and related lease obligations recognized in the Consolidated Balance Sheet:

December 31,

 

2023

 

 

2022

 

Properties, plants, and equipment, net

 

$

135

 

 

$

89

 

Other current liabilities

 

 

31

 

 

 

30

 

Other noncurrent liabilities and deferred credits

 

 

104

 

 

 

59

 

Total operating lease liabilities

 

$

135

 

 

$

89

 

Schedule of Future Cash Flows Related to Operating Lease Obligations

The future cash flows related to the operating lease obligations as of December 31, 2023 were as follows:

Year Ending December 31,

 

 

 

2024

 

$

40

 

2025

 

 

26

 

2026

 

 

20

 

2027

 

 

16

 

2028

 

 

11

 

Thereafter

 

 

112

 

Total lease payments (undiscounted)

 

 

225

 

Less: discount to net present value

 

 

(90

)

Total

 

$

135