Leases (Tables)

3 Months Ended

Mar. 31, 2025

Leases [Abstract]

Schedule of Lease Cost and Additional Information

The following table provides additional information about the Company’s property leases:

	Three Months Ended  March 31,
(In millions, except weighted average data)	2025			2024
Lease Cost:
Operating lease cost (a)	$	86		$	82
Short-term lease cost	2			1
Variable lease cost	32			26
Sublease income	(4)			(3)
Net lease cost	$	116		$	106
Other information:
Operating cash outflows from operating leases	$	98		$	93
Right of use assets obtained in exchange for new operating lease liabilities	$	30		$	36
Weighted average remaining lease term – real estate	7.4 years			7.8 years
Weighted average discount rate – real estate leases	3.71		%	3.44		%

(a)Excludes ROU asset impairment charges.

Schedule of Future Minimum Lease Payments

Future minimum lease payments for the Company’s operating leases at March 31, 2025 are as follows:

(In millions)	Real Estate Leases
2025 (excludes payments through March 31, 2025)	$	291
2026	367
2027	324
2028	246
2029	205
2030	169
Subsequent years	550
Total future lease payments	2,152
Less: Imputed interest	(262)
Total	$	1,890
Current lease liabilities	$	327
Long-term lease liabilities	1,563
Total lease liabilities	$	1,890

Note: The above table excludes obligations for leases with original terms of 12 months or less which have not been recognized as a ROU asset or liability in the consolidated balance sheets.