LEASES (Tables)

3 Months Ended

Mar. 31, 2025

The components of lease expense were as follows:


	Three Months Ended March 31,
	2025		2024
	(In millions)
Operating lease expense	$	41	$	37
Finance lease expense - amortization of right-of-use (“ROU”) lease assets	4		—





Sublease income	(2)		(3)
Total lease expense, net	$	43	$	34

Supplemental cash flow information related to leases during the three months ended March 31, 2025 and 2024 were as follows:


	Three Months Ended March 31,
	2025		2024
	(In millions)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	42	$	43

Financing cash flows from finance leases	$	2	$	—
ROU lease assets obtained in exchange for new operating lease liabilities	$	5	$	143
ROU lease assets obtained in exchange for new finance lease liabilities	$	—	$	16

Supplemental balance sheet information related to leases was as follows:


	March 31, 2025						December 31, 2024
	(In millions, except weighted-average figures)
	Operating leases			Finance leases			Operating leases			Finance leases
ROU lease assets	$	576		$	69		$	599		$	73
Current lease liabilities	139			6			135			5
Long-term lease liabilities	599			15			629			18
Total lease liabilities	$	738		$	21		$	764		$	23
Weighted-average remaining lease term	5.6 years			4.1 years			5.9 years			4.4 years
Weighted-average discount rate	4		%	5		%	4		%	5		%

Future minimum lease payments for our leases as of March 31, 2025 were as follows:

Future minimum lease payments for our leases as of March 31, 2025 were as follows: