v3.25.2
Leases
 6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Leases
Note 13. Leases
We have operating leases that primarily consist of real estate, machinery, and equipment. As of June 30, 2025, the Company does not have any material finance leases. Our leases have remaining lease terms of up to 13 years, some of which include options to extend the leases for up to two years, and some of which include options to terminate the leases within the year.
The components of lease expense are as follows:
Three Months Ended
June 30,
Six Months Ended
June 30,
2025202420252024
(Dollars in millions)
Operating lease cost$5$4$9$7
Short-term lease cost1—1—
Total lease cost$6$4$10$7
Supplemental cash flow information related to operating leases is as follows:
Three Months Ended
June 30,
Six Months Ended
June 30,
2025202420252024
(Dollars in millions)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases
$4 $3 $8 $6 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases2 3 4 9 
Supplemental balance sheet information related to operating leases is as follows:
June 30,
2025		December 31,
2024
(Dollars in millions)
Other assets$54 $52 
Accrued liabilities13 11 
Other liabilities43 42 
 June 30,
2025		December 31, 2024
Weighted-average remaining lease term (in years)6.646.89
Weighted-average discount rate6.53 %6.71 %

Maturities of operating lease liabilities as of June 30, 2025 were as follows:
(Dollars in millions)
2025$9 
202614 
202712 
20288 
20295 
Thereafter18 
Total lease payments66 
Less imputed interest(10)
$56