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LEASES (Tables)
 12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Schedule of Lease Assets and Liabilities The following tables present the carrying value of operating and finance lease right-of-use assets and lease liabilities recorded within the corresponding line items on the Company’s Consolidated Balance Sheets (in millions):
Operating LeasesDecember 31, 2022December 31, 2023
Operating lease assets, net$330 $356 
Current portion of lease liabilities and other current liabilities$68 $85 
Long-term lease liabilities311 324 
Total operating lease liabilities$379 $409 

Finance LeasesDecember 31, 2023
Property, plant, and equipment, net$76 
Current portion of lease liabilities and other current liabilities$3 
Other non-current liabilities76 
Total finance lease liabilities$79 
Schedule of Maturity of Operating Leases
The following table summarizes the contractual maturities of lease liabilities as of December 31, 2023 (in millions):

Operating LeasesFinance Leases
2024$120 $5 
2025103 3 
202686 2 
202774 2 
202850 2 
Thereafter91 301 
Total undiscounted liabilities524 315 
Less: Present value discount(115)(236)
Total lease liabilities$409 $79 
Schedule of Maturity of Financing Leases
The following table summarizes the contractual maturities of lease liabilities as of December 31, 2023 (in millions):

Operating LeasesFinance Leases
2024$120 $5 
2025103 3 
202686 2 
202774 2 
202850 2 
Thereafter91 301 
Total undiscounted liabilities524 315 
Less: Present value discount(115)(236)
Total lease liabilities$409 $79 
Schedule of Lease Cost
The weighted average remaining lease term and weighted average discount rate for leases were as follows:

December 31, 2021December 31, 2022December 31, 2023
Weighted average remaining operating lease term (in years)6.15.95.3
Weighted average operating lease discount rate4.0 %7.0 %8.9 %
Weighted average remaining finance lease term (in years)Not material22.1
Weighted average finance lease discount rateNot material10.7 %
Supplemental cash flow information related to leases is as follows (in millions):

Years Ended December 31,
202120222023
Cash paid for amounts included in the measurement of operating lease liabilities$31 $65 $102 
Right-of-use assets obtained in exchange for operating lease liabilities (non-cash)$87 $158 $111 
Right-of-use assets obtained in exchange for finance lease liabilities (non-cash)Not material$80