v3.25.0.1
LEASES (Tables)
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Schedule of Carrying Value of Operating and Finance Lease Right-of-Use Assets and Lease Liabilities The following tables present the carrying value of operating and finance lease right-of-use assets and lease liabilities recorded within the corresponding line items on the Company’s Consolidated Balance Sheets (in millions):
Operating LeasesDecember 31, 2023December 31, 2024
Operating lease assets, net$356 $416 
Current portion of deferred revenues, lease liabilities, and other liabilities$85 $98 
Non-current lease liabilities324 379 
Total operating lease liabilities$409 $477 

Finance LeasesDecember 31, 2023December 31, 2024
Property, plant, and equipment, net$76 $82 
Current portion of deferred revenues, lease liabilities, and other liabilities$3 $2 
Other non-current liabilities76 85 
Total finance lease liabilities$79 $87 
Schedule of Contractual Maturities of Operating Lease Liabilities
The following table summarizes the contractual maturities of lease liabilities as of December 31, 2024 (in millions):

Operating LeasesFinance Leases
2025$139 $4 
2026120 4 
2027107 4 
202878 3 
202962 12 
Thereafter126 288 
Total undiscounted liabilities632 315 
Less: Present value discount(155)(228)
Total lease liabilities$477 $87 
Schedule of Contractual Maturities of Financing Lease Liabilities
The following table summarizes the contractual maturities of lease liabilities as of December 31, 2024 (in millions):

Operating LeasesFinance Leases
2025$139 $4 
2026120 4 
2027107 4 
202878 3 
202962 12 
Thereafter126 288 
Total undiscounted liabilities632 315 
Less: Present value discount(155)(228)
Total lease liabilities$477 $87 
Schedule of Weighted Average Remaining Lease Term and Discount Rate and Supplemental Cash Flow Information
The weighted average remaining lease term and weighted average discount rate for leases were as follows:

December 31, 2022December 31, 2023December 31, 2024
Weighted average remaining operating lease term (in years)5.95.35.4
Weighted average operating lease discount rate7.0 %8.9 %9.9 %
Weighted average remaining finance lease term (in years)Not material22.121.4
Weighted average finance lease discount rateNot material10.7 %11.4 %

Supplemental cash flow information related to leases is as follows (in millions):

Years Ended December 31,
202220232024
Cash paid for amounts included in the measurement of operating lease liabilities$65 $102 $134 
Right-of-use assets obtained in exchange for operating lease liabilities (non-cash)$158 $111 $174 
Right-of-use assets obtained in exchange for finance lease liabilities (non-cash)Not material$80 $6