XML 54 R36.htm IDEA: XBRL DOCUMENT v3.24.0.1
LEASES (Tables)
 12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Schedule of Components of Lease Cost
COMPONENTS OF LEASE EXPENSE
In millions
202320222021
Operating lease costs
$21 $18 $9 
Variable lease costs
40 28 20 
Short-term lease costs
— 7 7 
Finance lease cost
Amortization of right-of-use assets
3 4 3 
Interest on lease liabilities
1 1 1 
Total lease cost, net
$65 $58 $40 
LEASE TERM AND DISCOUNT RATE
20232022
Weighted average remaining lease term (years)
  
Operating leases
5.3 years5.8 years
Finance leases
9.6 years7.5 years
Weighted average discount rate
Operating leases
4.94 %2.84 %
Finance leases
3.85 %3.90 %
SUPPLEMENTAL CASH FLOW INFORMATION RELATED TO LEASES
In millions
20232022
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows related to operating leases
$21 $21 
Operating cash flows related to financing leases
1 1 
Financing cash flows related to finance leases
5 5 
Right of use assets obtained in exchange for lease liabilities
Operating leases
38 14 
Finance leases
1 — 
Schedule of Supplemental Balance Sheet Information Related To Leases
SUPPLEMENTAL BALANCE SHEET INFORMATION RELATED TO LEASES
In millions 
Classification
20232022
Assets
  
Operating lease assets
Right of use assets$58 $35 
Finance lease assets
Plants, properties, and equipment, net (a)
22 24 
Total leased assets
$80 $59 
Liabilities
Current
Operating
Other current liabilities$18 $13 
Finance
Notes payable and current maturities of long-term debt2 3 
Noncurrent
Operating
Other Liabilities46 28 
Finance
Long-term debt14 14 
Total lease liabilities
$80 $58 
(a)Finance leases above are presented net of accumulated amortization of $16 million and $13 million as of December 31, 2023 and 2022, respectively.
Maturity of Finance Leases
MATURITY OF LEASE LIABILITIES
In millions
Operating Leases
Financing Leases
Total
2024$21 $3 $24 
202515 2 17 
202610 2 12 
20278 2 10 
20288 2 10 
Thereafter
11 8 19 
Total lease payments
73 19 92 
Less: imputed interest
9 3 12 
Present value of lease liabilities
$64 $16 $80 
Maturity of Finance Leases
MATURITY OF LEASE LIABILITIES
In millions
Operating Leases
Financing Leases
Total
2024$21 $3 $24 
202515 2 17 
202610 2 12 
20278 2 10 
20288 2 10 
Thereafter
11 8 19 
Total lease payments
73 19 92 
Less: imputed interest
9 3 12 
Present value of lease liabilities
$64 $16 $80