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LEASES AND COMMITMENTS (Tables)
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Schedule of Operating Lease Assets and Lease Liabilities
The following table presents the lease assets and lease liabilities as of December 31, 2024 and 2023:
December 31,
(in millions)20242023
AssetsBalance Sheet Location
Operating leasesOther non-current assets$177 $143 
Finance leasesProperty, plant and equipment, net20 25 
Total lease assets$197 $168 
Liabilities
Current
Operating leases Other current liabilities$38 $37 
Finance leasesNotes payable and other short-term debt3 3 
Non-current
Operating leasesOther non-current liabilities144 112 
Finance leasesLong-term debt20 23 
Total lease liabilities$205 $175 
Schedule of Lease, Cost
The following table presents lease obligations arising from obtaining leased assets for the years ended December 31, 2024 and 2023:
December 31,
(in millions)20242023
Operating leases$66 $63 
Finance leases2 17 
Total lease obligations$68 $80 
The following table presents the terms and discount rates:
December 31,
20242023
Weighted average remaining lease term (years)
Operating leases88
Finance leases78
Weighted average discount rate
Operating leases5.7 %5.4 %
Finance leases6.3 %6.2 %
Schedule of Maturity of Operating Lease Liabilities
The following table presents the maturity of lease liabilities as of December 31, 2024:
(in millions)Operating leasesFinance leases
2025$41 $5 
202635 4 
202729 4 
202823 4 
202918 2 
After 202990 10 
Total (undiscounted) lease payments$236 $29 
Less: Imputed interest54 6 
Present value of lease liabilities$182 $23 
Schedule of Maturity of Finance Lease Liabilities
The following table presents the maturity of lease liabilities as of December 31, 2024:
(in millions)Operating leasesFinance leases
2025$41 $5 
202635 4 
202729 4 
202823 4 
202918 2 
After 202990 10 
Total (undiscounted) lease payments$236 $29 
Less: Imputed interest54 6 
Present value of lease liabilities$182 $23