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Leases (Tables)
12 Months Ended
Dec. 31, 2023
Leases  
Schedule of components of lease expense

Year ended December 31,

    

    

2023

2022

    

2021

Lease cost

Finance lease cost:

Amortization of right-of-use assets (included in Cost of goods sold and Selling and administrative expense)

$

15

$

13

$

16

Interest on lease liabilities (included in Interest expense, net)

10

3

3

Operating lease cost (included in Cost of goods sold and Selling and administrative expense)

63

57

52

Total lease cost

$

88

$

73

$

71

Schedule of supplemental cash flow and other information

Year ended December 31,

2023

2022

2021

Other information

Cash paid for amounts included in the measurement of lease liabilities:

Operating cash flows from operating leases

$

60

$

52

$

52

Operating cash flows from finance leases

10

3

3

Financing cash flows from finance leases

15

13

16

Right-of-use assets obtained in exchange for new operating lease liabilities

46

171

33

Schedule of supplemental balance sheet information

December 31,

2023

2022

Supplemental balance sheet information

 

Operating leases:

Operating lease right-of-use assets (included in Other assets)

$

220

$

225

Current operating lease liabilities (included in Other current liabilities)

44

41

Noncurrent operating lease liabilities (included in Other long-term liabilities)

184

189

Total operating lease liabilities

$

228

$

230

Finance leases:

Property, plant and equipment

$

238

$

179

Accumulated amortization

(64)

(48)

Property, plant and equipment, net

174

131

Current finance lease liabilities (included in Long-term debt due within one year)

23

13

Noncurrent finance lease liabilities (included in Long-term debt)

151

119

Total finance lease liabilities

$

174

$

132

Weighted-average remaining lease term (in years):

Operating leases

6.6

7.4

Finance leases

6.8

5.6

Weighted-average discount rate:

Operating leases

6.56%

5.71%

Finance leases

5.88%

5.06%

Schedule of operating leases maturities of lease liabilities

Maturity of lease liabilities

Operating leases

Finance leases

2024

$

57

$

31

2025

46

35

2026

40

35

2027

37

34

2028

25

30

2029 and thereafter

75

42

Total lease payments

280

207

Less: imputed interest

(52)

(33)

Total lease obligations

$

228

$

174

Minimum payments related to leases not yet commenced as of December 31, 2023

$

$

Schedule of finance leases maturities of lease liabilities

Maturity of lease liabilities

Operating leases

Finance leases

2024

$

57

$

31

2025

46

35

2026

40

35

2027

37

34

2028

25

30

2029 and thereafter

75

42

Total lease payments

280

207

Less: imputed interest

(52)

(33)

Total lease obligations

$

228

$

174

Minimum payments related to leases not yet commenced as of December 31, 2023

$

$