v3.25.2
LEASES (Tables)
 6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Schedule of Components of Lease Expense, Supplemental Cash Flow Information
The components of lease expense were as follows:
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
(In millions)
Operating lease expense$40 $39 $81 $76 
Finance lease expense - amortization of right-of-use (“ROU”) lease assets
4 1 $8 $1 
Sublease income(2)(3)(4)(6)
Total lease expense, net
$42 $37 $85 $71 

Supplemental cash flow information related to leases during the three and six months ended June 30, 2025 and 2024 were as follows:
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
(In millions)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$46 $42 $88 $85 
Financing cash flows from finance leases$4 $20 $6 $20 
ROU lease assets obtained in exchange for new operating lease liabilities
$— $134 $5 $277 
ROU lease assets obtained in exchange for new finance lease liabilities$— $39 $— $55 
Schedule of Supplemental Balance Sheet Information Related to Leases
Supplemental balance sheet information related to leases was as follows:
June 30, 2025December 31, 2024
(In millions, except weighted-average figures)
Operating leases
Finance leases
Operating leases
Finance leases
ROU lease assets$546 $64 $599 $73 
Current lease liabilities136 5 135 5 
Long-term lease liabilities565 11 629 18 
Total lease liabilities$701 $16 $764 $23 
Weighted-average remaining lease term5.5 years3.9 years5.9 years4.4 years
Weighted-average discount rate4 %5 %4 %5 %
Schedule of Future Minimum Operating Lease Payments
Future minimum lease payments for our leases as of June 30, 2025 were as follows:
Operating leasesFinance leases
Fiscal years:(In millions)
Remaining 2025$76 $2 
2026176 6 
2027156 6 
2028103 4 
202989 — 
Thereafter199 — 
Total$799 $18 
Less: present value discount(98)(2)
Lease liability$701 $16 
Schedule of Future Minimum Finance Lease Payments
Future minimum lease payments for our leases as of June 30, 2025 were as follows:
Operating leasesFinance leases
Fiscal years:(In millions)
Remaining 2025$76 $2 
2026176 6 
2027156 6 
2028103 4 
202989 — 
Thereafter199 — 
Total$799 $18 
Less: present value discount(98)(2)
Lease liability$701 $16