Leases (Tables)

9 Months Ended

Sep. 30, 2024

Leases [Abstract]

Components of Lease Cost

The following table presents components of lease cost included in general and administration expense on the condensed consolidated statements of income:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(in millions)	2024		2023		2024		2023
Lease cost:
Operating lease cost(1)	$	45	$	43	$	136	$	144
Variable lease cost(2)		16		15		43		35
Total lease cost	$	61	$	58	$	179	$	179

(1)Amounts include short-term leases, which are immaterial for the three and nine months ended September 30, 2024 and 2023.

(2)Amounts include operating lease payments, which may be adjusted based on usage, changes in an index or market rate, as well as common area maintenance charges and other variable costs not included in the measurement of right-of-use (“ROU”) assets and operating lease liabilities.

Schedule of Supplemental Information Related to Operating Lease

Supplemental information related to operating leases is summarized below:

	Nine Months Ended
	September 30,
(in millions)	2024		2023
Supplemental cash flow information:
Operating cash flows from operating leases included in the measurement    of operating lease liabilities	$	136	$	109
Supplemental noncash information:
ROU assets in exchange for operating lease liabilities	$	104	$	20

	September 30,			December 31,
	2024			2023
Lease term and discount rate:
Weighted-average remaining lease term		15	years		15	years
Weighted-average discount rate		3	%		3	%