Leases (Tables)

3 Months Ended

Mar. 31, 2025

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 Condensed Consolidated Balance Sheets is as follows:

(in millions)		March 31, 2025		December 31, 2024
Assets:
Operating lease right-of-use assets	Operating lease assets	$	197	$	200
Total assets			197		200
Liabilities:
Current operating lease liabilities	Accrued expenses and other liabilities		46		47
Non-current operating lease liabilities	Operating lease liabilities		186		189
Total liabilities		$	232	$	236

Schedule of Components of Lease Cost for Operating Leases

The components of lease cost for operating leases were as follows:

	Three months ended March 31,
(in millions)	2025		2024
Operating leases:
Lease cost	$	14	$	14
Variable lease cost		1		1
Total lease cost net	$	15	$	15

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 March 31, 2025 were:

Weighted average remaining lease term in years	6.06
Weighted average discount rate	3.96	%

Schedule of Maturities of Operating Lease Liabilities

Maturities of the operating lease liabilities by fiscal year at March 31, 2025 for the Company's operating leases are as follows:

(in millions)	Operating leases
2025 (Remainder)	$	38
2026		50
2027		43
2028		34
2029		27
Thereafter		66
Total undiscounted lease payments		258
Less: imputed interest		26
Present value of lease payments	$	232

Schedule of Supplemental Cash Flow Information

Supplemental cash flow information for operating leases is as follows:

	Three months ended March 31,
(in millions)	2025		2024
Cash paid for amounts included in measurement of liabilities
Operating cash flows from operating leases	$	16	$	15
Right-of-use assets obtained in exchange for new operating liabilities	$	6	$	11