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Leases (Tables)
12 Months Ended
Dec. 31, 2024
Leases  
Schedule of components of lease expense

Year ended December 31,

    

    

2024

2023

    

2022

Lease cost

Finance lease cost:

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

$

21

$

15

$

13

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

12

10

3

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

64

63

57

Total lease cost

$

97

$

88

$

73

Schedule of supplemental cash flow and other information

Year ended December 31,

2024

2023

2022

Other information

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

Operating cash flows from operating leases

$

62

$

60

$

52

Operating cash flows from finance leases

12

10

3

Financing cash flows from finance leases

21

15

13

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

41

46

171

Schedule of supplemental balance sheet information

December 31,

2024

2023

Supplemental balance sheet information

 

Operating leases:

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

$

201

$

220

Current operating lease liabilities (included in Other current liabilities)

41

44

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

169

184

Total operating lease liabilities

$

210

$

228

Finance leases:

Property, plant and equipment

$

261

$

238

Accumulated amortization

(60)

(64)

Property, plant and equipment, net

201

174

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

32

23

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

163

151

Total finance lease liabilities

$

195

$

174

Weighted-average remaining lease term (in years):

Operating leases

6.5

6.6

Finance leases

6.2

6.8

Weighted-average discount rate:

Operating leases

6.72%

6.56%

Finance leases

5.75%

5.88%

Schedule of operating leases maturities of lease liabilities

Maturity of lease liabilities

Operating leases

Finance leases

2025

$

54

$

43

2026

46

42

2027

41

41

2028

29

37

2029

25

32

2030 and thereafter

64

37

Total lease payments

259

232

Less: imputed interest

(49)

(37)

Total lease obligations

$

210

$

195

Minimum payments related to leases not yet commenced as of December 31, 2024

$

$

Schedule of finance leases maturities of lease liabilities

Maturity of lease liabilities

Operating leases

Finance leases

2025

$

54

$

43

2026

46

42

2027

41

41

2028

29

37

2029

25

32

2030 and thereafter

64

37

Total lease payments

259

232

Less: imputed interest

(49)

(37)

Total lease obligations

$

210

$

195

Minimum payments related to leases not yet commenced as of December 31, 2024

$

$