The following table presents components of lease cost included in general and administration expense on the condensed consolidated statements of income:


	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in millions)	2025		2024		2025		2024
Lease cost:
Operating lease cost(1)	$	55	$	46	$	105	$	91
Variable lease cost(2)		16		13		33		27
Total lease cost	$	71	$	59	$	138	$	118

(1)

Amounts include short-term leases, which are immaterial for the three and six months ended June 30, 2025 and 2024.

(2)

Amounts include operating lease payments, which may be adjusted based on usage, changes in an index or market rate, as well as common area maintenance charges and other variable costs not included in the measurement of right-of-use (“ROU”) assets and operating lease liabilities.

Supplemental information related to operating leases is summarized below:


	Six Months Ended
	June 30,
(in millions)	2025		2024
Supplemental cash flow information:
Operating cash flows from operating leases included in the measurement of operating lease liabilities	$	98	$	89

Supplemental noncash information:
ROU assets in exchange for operating lease liabilities	$	83	$	110


	June 30,			December 31,
	2025			2024
Lease term and discount rate:
Weighted-average remaining lease term		13	years		14	years
Weighted-average discount rate		3	%		3	%