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Leases
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Leases Leases
We lease certain facilities and equipment related primarily to R&D, administrative and commercial activities. Leases with terms of 12 months or less are expensed as incurred and are not recorded in the Consolidated Balance Sheets.
Most leases include one or more options to renew, with renewal terms that may extend the lease term up to ten years. The exercise of lease renewal options is at our sole discretion. In addition, some of our lease agreements include rental payments adjusted periodically for inflation. Our lease agreements neither contain residual value guarantees nor impose significant restrictions or covenants. We sublease certain real estate to third parties. Our sublease portfolio consists of operating leases from former R&D and administrative spaces.
The following table summarizes information related to our leases, all of which are classified as operating, included in our Consolidated Balance Sheets (in millions):
December 31,
Consolidated Balance Sheets locations20242023
Assets:
Other noncurrent assets$557 $651 
Liabilities:
Accrued liabilities$107 $119 
Other noncurrent liabilities673 691 
Total lease liabilities$780 $810 
The components of net lease costs were as follows (in millions):
Years ended December 31,
Lease costs202420232022
Operating(1)
$219 $208 $218 
Sublease income(17)(28)(32)
Total net lease costs$202 $180 $186 
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(1)    Includes short-term leases and variable lease costs, which were not material for the years ended December 31, 2024, 2023 and 2022.
Maturities of lease liabilities as of December 31, 2024, were as follows (in millions):
Maturity datesAmounts
2025$110 
2026129 
2027112 
202891 
202973 
Thereafter426 
Total lease payments(1)
941 
Less imputed interest(161)
Present value of lease liabilities$780 
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(1)    Includes future rental commitments for abandoned leases of $51 million. We expect to receive total future rental income of $54 million related to noncancellable subleases for abandoned facilities.
The weighted-average remaining lease terms and weighted-average discount rates were as follows:
December 31,
20242023
Weighted-average remaining lease term (in years)9.39.7
Weighted-average discount rate3.7 %3.6 %
Cash and noncash information related to our leases was as follows (in millions):
Years ended December 31,
202420232022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases$156 $182 $171 
ROU assets obtained in exchange for lease obligations:
Operating leases$126 $245 $191 
As of December 31, 2024, there were no future lease payments for leases that have not yet commenced.