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Leases (Tables)
12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Supplemental Balance Sheet Information Related to Leases
The following table presents supplemental balance sheet information related to our operating leases:
As of December 31,
(in millions)20242023
Assets
Operating lease right-of-use assets in Other long-term assets
$449 $439 
Liabilities
Operating lease liabilities in Other current liabilities
81 76 
Operating lease liabilities in Other long-term liabilities
401 390 
Lease, Cost
The following table presents the weighted average remaining lease term and discount rate information related to our operating leases:
As of December 31,
20242023
Weighted average remaining lease term9 years9 years
Weighted average discount rate3.9%4.5%
Supplemental Cash Flow Information Related to Leases
The following table presents supplemental cash flow information related to our operating leases:
Year Ended December 31,
(in millions)20242023
Cash paid for amounts included in the measurement of operating lease liabilities
Operating cash flows from operating leases$97 $93 
Maturities of Lease Liabilities
The following table presents the maturities of our operating lease liabilities as of December 31, 2024 (in millions):
Fiscal year
Operating Leases (1)
2025$94 
202684 
202764 
202852 
202943 
Thereafter227 
Total future minimum operating lease payments564 
Less: imputed interest82 
Present value of operating lease liabilities$482 
(1) Excludes expected lease payments for lease terms that have not yet commenced.