Leases (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Schedule of Balances and Classification of Operating Lease Right-of-Use Assets and Operating Lease Liabilities within Condensed Consolidated Balance Sheets

The balances and classification of operating lease right-of-use assets and operating lease liabilities within the Consolidated Balance Sheets as of December 31, 2024 and 2023 is as follows:

(in millions)		December 31, 2024		December 31, 2023
Balance Sheet
Assets:
Operating lease right-of-use assets	Operating lease assets	$	200	$	199
Total assets			200		199
Liabilities:
Current operating lease liabilities	Accrued expenses and other liabilities		47		45
Non-current operating lease liabilities	Operating lease liabilities		189		179
Total liabilities		$	236	$	224

Schedule of Components of Lease Cost for Operating Leases

The components of lease cost for operating leases for the 12 months ended December 31, 2024 and 2023 were:

(in millions)	For the year ended December 31, 2024			For the year ended December 31, 2023
Operating leases:
Lease cost	$	59		$	58
Variable lease cost		5			4
Short-term lease cost		1			—
Operating lease cost		65			62
Sublease income		(1	)		(1	)
Total lease cost net	$	64		$	61

Schedule of Weighted Average Remaining Lease Term and Weighted Average Discount Rate for Operating Leases

The weighted average remaining lease term and the weighted average discount rate for operating leases as of December 31, 2024 were:

Weighted average remaining lease term	6.1
Weighted average discount rate	3.90	%

Schedule of Maturities of Operating Lease Liabilities

Maturities of the operating lease liabilities by fiscal year at December 31, 2024 for the Company's operating leases are as follows:

(in millions)	Operating Leases
2025	$	53
2026		49
2027		41
2028		33
2029		26
Thereafter		62
Total undiscounted lease payments		264
Less: Imputed interest		28
Present value of future lease payments	$	236

Schedule of Supplemental Cash Flow Information

Supplemental cash flow information for operating leases:

(in millions)	For the year ended December 31, 2024		For the year ended December 31, 2023
Cash paid for amounts included in measurement of liabilities
Operating cash flows from operating leases	$	62	$	61
Right-of-use assets obtained in exchange for new operating    liabilities	$	44	$	22