v3.25.2
LEASES (Tables)
 6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Schedule of Lease, Cost
The components of lease expense were as follows:
TABLE 7.1
Three Months Ended
June 30,		Six Months Ended
June 30,
(in millions)2025202420252024
Operating lease cost$10 $9 $20 $19 
Variable lease cost2 2 3 3 
Finance lease cost1 1 2 2 
Total lease cost$13 $12 $25 $24 
Schedule of Leases, Other Information
Other information related to leases is as follows:
TABLE 7.2
Six Months Ended
June 30,
(dollars in millions)20252024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$19 $15 
Operating cash flows from finance leases$1 $1 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$18 $25 
Finance leases$— $4 
Weighted average remaining lease term (years):
Operating leases1111
Finance leases1719
Weighted average discount rate:
Operating leases4.0 %3.8 %
Finance leases3.6 %3.4 %
Schedule of Lessee, Operating Lease, Liability, Maturity
Future cash flows of lease liabilities are as follows:
TABLE 7.3
(in millions)Operating LeasesFinance LeasesTotal Leases
June 30, 2025
0 - 12 months$35 $2 $37 
13 - 24 months32 3 35 
25 - 36 months29 3 32 
37 - 48 months26 3 29 
49 - 60 months24 3 27 
Later years151 35 186 
Total lease payments297 49 346 
Less: imputed interest(59)(13)(72)
Present value of lease liabilities$238 $36 $274 
Schedule of Finance Lease, Liability, Fiscal Year Maturity
Future cash flows of lease liabilities are as follows:
TABLE 7.3
(in millions)Operating LeasesFinance LeasesTotal Leases
June 30, 2025
0 - 12 months$35 $2 $37 
13 - 24 months32 3 35 
25 - 36 months29 3 32 
37 - 48 months26 3 29 
49 - 60 months24 3 27 
Later years151 35 186 
Total lease payments297 49 346 
Less: imputed interest(59)(13)(72)
Present value of lease liabilities$238 $36 $274