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LEASES (Tables)
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Schedule of Leases
Years Ended December 31,
 202420232022
Operating lease cost$267 $239 $224 
Variable lease cost7 4 8 
Short-term lease cost2 13 18 
Finance lease cost
Amortization of right-of-use assets93 74 72 
Interest on lease liability15 19 21 
Total finance lease cost108 93 93 
Total lease cost$384 $349 $343 
Supplemental Cash Flow Information
Supplemental cash flow information related to leases was as follows:
Years Ended December 31,
202420232022
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases$257 $237 $225 
Operating cash flows for finance leases15 19 21 
Financing cash flows for finance leases113 87 79 
Right-of-use assets obtained in exchange for lease obligations
Operating leases$232 $339 $251 
Finance leases83 42 61 
Supplemental Balance Sheet Information
Supplemental balance sheet information related to leases was as follows:
December 31,
20242023
Operating leases
Other assets1
$1,025 $1,004 
Accrued liabilities$199 $196 
Other liabilities927 897 
Total operating lease liabilities2
$1,126 $1,093 
Finance leases
Property, plant and equipment$396 $402 
Accumulated depreciation(211)(204)
Property, plant and equipment—net$185 $198 
Current maturities of long-term debt$69 $86 
Long-term debt85 99 
Total finance lease liabilities$154 $185 
Weighted average remaining lease term
Operating leases8 years9 years
Finance leases3 years3 years
Weighted average discount rate
Operating leases3.5 %3.0 %
Finance leases5.8 %8.5 %
1
As of December 31, 2024, Other assets excludes $16 million of right-of-use assets related to operating leases that are included in Assets held for sale in the Consolidated Balance Sheet. Refer to Note 2 Acquisitions, Divestitures, and Assets and Liabilities Held for Sale.
2
As of December 31, 2024, Total operating lease liabilities excludes $5 million and $11 million of Accrued liabilities and Other liabilities, respectively, that are included in Liabilities held for sale in the Consolidated Balance Sheet. Refer to Note 2 Acquisitions, Divestitures, and Assets and Liabilities Held for Sale.
Maturities of Lease Liabilities
As of December 31, 2024, maturities of lease liabilities were as follows:
 
Operating Leases
Finance Leases
2025$235 $75 
2026207 44 
2027177 25 
2028149 14 
2029112 7 
Thereafter422 — 
Total lease payments1,302 165 
Less: Interest160 11 
Less: Lease liabilities held for sale16 — 
Total maturities of lease liabilities$1,126 $154 
Finance Lease, Liability, Maturity
As of December 31, 2024, maturities of lease liabilities were as follows:
 
Operating Leases
Finance Leases
2025$235 $75 
2026207 44 
2027177 25 
2028149 14 
2029112 7 
Thereafter422 — 
Total lease payments1,302 165 
Less: Interest160 11 
Less: Lease liabilities held for sale16 — 
Total maturities of lease liabilities$1,126 $154