Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2024

Commitments and Contingencies Disclosure [Abstract]

Schedule of Changes in Asset Retirement Obligations

The following shows the changes in asset retirement obligations:

years ended December 31 (in millions)	2024			2023			2022
Balance at beginning of year	$	400		$	380		$	307
Accretion expense		11			11			10
Liabilities incurred and liabilities assumed in business combinations		12			34			79
Liabilities settled		(2	)		(28	)		(14	)
Revisions in estimated cash flows		9			(13	)		(3	)
Liabilities reclassified from assets held for sale		2			16			1
Balance at end of year	$	432		$	400		$	380

Schedule of Contractual Purchase Commitments

The Company’s contractual purchase commitments as of December 31, 2024 are as follows:

(in millions)
2025	$	215
2026		21
2027		15
2028		12
2029		12
Thereafter		45
Total	$	320

Schedule of Future Minimum Contracts of Affreightment and Royalty Commitments for All Noncancelable Agreements

Future minimum contracts of affreightment and royalty commitments for all noncancelable agreements that are not accounted for as leases on the Company’s consolidated balance sheet as of December 31, 2024 are as follows:

(in millions)	Contracts of Affreightment		Royalty Commitments
2025	$	17	$	27
2026		17		15
2027		18		14
2028		—		13
2029		—		10
Thereafter		—		86
Total	$	52	$	165