Leases (Tables)

12 Months Ended

Dec. 31, 2024

Disclosure Of Leases [Abstract]

Supplemental statement of earnings information leases operating finance

Supplemental statement of earnings information related to our leases is as follows (in millions):

		Year Ended December 31,
	Statement of Earnings Classification	2024		2023		2022
Operating lease cost	Cost of products sold	$	18	$	27	$	24
Operating lease cost	Marketing, administrative and other expenses		11		3		3
Total operating    lease cost		$	29	$	30	$	27
Finance lease cost:
Amortization of leased    assets	Cost of products sold	$	30	$	19	$	19
Interest on lease    liabilities	Interest expense, net		3		12		12
Total finance lease    cost		$	33	$	31	$	31
Total lease cost		$	62	$	61	$	58

Supplemental cash flow information leases operating finance

Supplemental cash flow information related to our leases is as follows (in millions):

	Year Ended December 31,
	2024		2023		2022
Cash paid for amounts included in measurement of lease    liabilities:
Operating cash flows from operating leases	$	30	$	30	$	27
Operating cash flows from finance leases	$	11	$	12	$	12
Financing cash flows from finance leases	$	14	$	17	$	16
Non-cash investing and financing activities:
Additions to right-of-use assets obtained from
Operating lease liabilities	$	36	$	27	$	34
Finance lease liabilities	$	15	$	16	$	27

Lessee balance sheet information

Supplemental balance sheet information related to our leases is as follows (in millions):

		December 31,
	Balance Sheet Classification	2024		2023
Assets:
Operating lease	Other assets	$	107	$	103
Finance lease	Property, plant and equipment, net		163		167
Total leased		$	270	$	270
Liabilities:
Current operating	Accrued expenses and other current liabilities	$	24	$	25
Current finance	Current portion of long-term debt and finance lease obligations		17		14
Non-current operating	Deferred credits and other liabilities		93		82
Non-current finance	Long-term debt and finance lease obligations due after one year		174		175
Total leased		$	308	$	296

Weighted average lease term discount rate finance operating

Weighted-average remaining lease term and discount rate for our leases are as follows:

	December 31, 2024
Weighted-average remaining lease term - operating leases	7.8 years
Weighted-average remaining lease term - finance leases	13.1 years
Weighted-average discount rate - operating leases		4.5	%
Weighted-average discount rate - finance leases		10.4	%

Lessee operating finance lease liability maturity

Maturities of lease liabilities by year for our leases were as follows as of December 31, 2024 (in millions):

	Operating Leases			Finance Leases
Maturities of lease liabilities, year ending December 31,
2025	$	29		$	25
2026		25			24
2027		19			23
2028		16			22
2029		12			21
Thereafter		41			145
Total lease payments	$	142		$	260
Less imputed interest		(25	)		(69	)
Present value of lease liabilities	$	117		$	191