LEASES

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

LEASES

LEASES

The net present value of finance and operating lease right-of-use assets and liabilities were as follows:

		Year Ended December 31,
(in millions, except percentages)	Location in the Consolidated Balance Sheets	2024			2023
Assets
Finance leases	Property, plant, and equipment, net	$	—		$	1
Operating leases	Operating lease right-of-use assets, net	136			178
Total right-of-use assets		$	136		$	179
Liabilities
Current liabilities
Operating leases	Accrued liabilities	46			56
Noncurrent liabilities
Finance leases	Long-term debt	—			1
Operating leases	Operating lease liabilities	91			125
Total lease liabilities		$	137		$	182
Supplemental information:
Weighted-average discount rate
Operating leases		4.1		%	3.9		%
Weighted-average remaining lease term in years
Operating leases		4.1			4.5

The lease costs recognized in the Consolidated Statements of Operations were as follows:

	Year Ended December 31,
(in millions)	2024		2023
Operating lease cost	$	67	$	67
Variable lease cost	16		15
Total lease cost	$	83	$	82

The contractual maturity dates of the remaining lease liabilities as of December 31, 2024 were as follows:

(in millions)	Operating Leases
2025	$	52
2026	38
2027	23
2028	16
2029	12
2030 and beyond	10
Total lease payments	$	151
Less imputed interest	14
Present value of lease liabilities	$	137

The supplemental cash flow information for leases were as follows:

	Year Ended December 31,
(in millions)	2024		2023		2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows paid for operating leases	$	67	$	68	$	66
Right-of-use assets obtained in exchange for new lease liabilities (non-cash investing activity):
Operating leases	19		36		57

LEASES

LEASES

The net present value of finance and operating lease right-of-use assets and liabilities were as follows:

		Year Ended December 31,
(in millions, except percentages)	Location in the Consolidated Balance Sheets	2024			2023
Assets
Finance leases	Property, plant, and equipment, net	$	—		$	1
Operating leases	Operating lease right-of-use assets, net	136			178
Total right-of-use assets		$	136		$	179
Liabilities
Current liabilities
Operating leases	Accrued liabilities	46			56
Noncurrent liabilities
Finance leases	Long-term debt	—			1
Operating leases	Operating lease liabilities	91			125
Total lease liabilities		$	137		$	182
Supplemental information:
Weighted-average discount rate
Operating leases		4.1		%	3.9		%
Weighted-average remaining lease term in years
Operating leases		4.1			4.5

The lease costs recognized in the Consolidated Statements of Operations were as follows:

	Year Ended December 31,
(in millions)	2024		2023
Operating lease cost	$	67	$	67
Variable lease cost	16		15
Total lease cost	$	83	$	82

The contractual maturity dates of the remaining lease liabilities as of December 31, 2024 were as follows:

(in millions)	Operating Leases
2025	$	52
2026	38
2027	23
2028	16
2029	12
2030 and beyond	10
Total lease payments	$	151
Less imputed interest	14
Present value of lease liabilities	$	137

The supplemental cash flow information for leases were as follows:

	Year Ended December 31,
(in millions)	2024		2023		2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows paid for operating leases	$	67	$	68	$	66
Right-of-use assets obtained in exchange for new lease liabilities (non-cash investing activity):
Operating leases	19		36		57