LEASING (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Schedule of Assets and Liabilities, Lessee

The following table presents our lease balances as of December 31:

In millions	Location in the Consolidated Balance Sheet	December 31, 2024		December 31, 2023
Assets
Operating lease assets	Operating lease assets	$	229	$	231
Finance lease assets	Property, plant and equipment, net	81		71
Accumulated Amortization of Finance lease assets	Property, plant and equipment, net	(70)		(57)
Total leased assets		$	240	$	245
Liabilities
Current
Operating lease liabilities	Other current liabilities	$	40	$	40
Finance lease liabilities	Other current liabilities	11		8
Noncurrent
Operating lease liabilities	Operating lease liabilities	248		251
Finance lease liabilities	Other liabilities	3		7
Total lease liabilities		$	302	$	306

Schedule of Lease, Cost

The following table presents our lease costs for operating and finance leases:

In millions	For the year ended December 31, 2024		For the year ended December 31, 2023		For the year ended December 31, 2022
Operating lease cost	$	63	$	72	$	76
Finance lease cost
Amortization of leased assets	13		13		13
Interest on lease liabilities	1		1		1
Short-Term lease cost	—		—		3
Variable lease cost	26		27		23
Sublease income	(5)		(3)		—
Total lease cost	$	98	$	110	$	116

The following table presents the supplemental cash flow information:

In millions	For the year ended December 31, 2024		For the year ended December 31, 2023		For the year ended December 31, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	66	$	76	$	82
Operating cash flows from finance leases	$	1	$	1	$	1
Financing cash flows from finance leases	$	14	$	14	$	13
Lease Assets Obtained in Exchange for Lease Obligations
Operating Leases	$	29	$	16	$	4
Finance Leases	$	2	$	(1)	$	—

The following table presents the weighted average remaining lease term and interest rates:

	December 31, 2024		December 31, 2023
Weighted average lease term:
Operating leases	7.6 years		8.3 years
Finance leases	1.5 years		2.2 years
Weighted average interest rates:
Operating leases	6.17	%	6.12	%
Finance leases	3.91	%	3.38	%

Schedule of Lessee, Operating Lease, Liability, Maturity

The following table reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the finance lease liabilities and operating lease liabilities recorded on the Consolidated Balance Sheet as of December 31, 2024:

In millions	Operating Leases		Finance Leases
2025	$	56	$	11
2026	48		2
2027	47		1
2028	43		—
2029	39		—
Thereafter	131		—
Total lease payments	364		14
Less: Amount representing interest	76		—
Present value of lease liabilities	$	288	$	14

Schedule of Finance Lease, Liability, Fiscal Year Maturity

The following table reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the finance lease liabilities and operating lease liabilities recorded on the Consolidated Balance Sheet as of December 31, 2024:

In millions	Operating Leases		Finance Leases
2025	$	56	$	11
2026	48		2
2027	47		1
2028	43		—
2029	39		—
Thereafter	131		—
Total lease payments	364		14
Less: Amount representing interest	76		—
Present value of lease liabilities	$	288	$	14