LEASES

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Leases

LEASES

The net present value of finance and operating lease right-of-use assets and liabilities were as follows:

		Year Ended December 31,
(in millions, except percentages)	Location in the Consolidated Balance Sheets	2022			2021
Assets
Finance leases	Property, plant, and equipment, net	$	1		$	2
Operating leases	Operating lease right-of-use assets, net	200			198
Total right-of-use assets		$	201		$	200
Liabilities
Current liabilities
Finance leases	Notes payable and current portion of long-term debt	$	1		$	1
Operating leases	Accrued liabilities	54			50
Noncurrent liabilities
Finance leases	Long-term debt	1			1
Operating leases	Operating lease liabilities	149			149
Total lease liabilities		$	205		$	201
Supplemental information:
Weighted-average discount rate
Finance leases		3.5		%	3.2		%
Operating leases		3.5		%	3.3		%
Weighted-average remaining lease term in years
Finance leases		4.1			4.3
Operating leases		5.1			5.3

The lease cost recognized in the Consolidated Statements of Operations were as follows:

	Year Ended December 31,
(in millions)	2022		2021
Operating lease cost	$	68	$	67
Short-term lease cost	1		1
Variable lease cost	12		10
Total lease cost	$	81	$	78

The contractual maturity dates of the remaining lease liabilities as of December 31, 2022 were as follows:

(in millions)	Finance Leases		Operating Leases		Total
2023	$	1	$	61	$	62
2024	1		50		51
2025	—		34		34
2026	—		25		25
2027	—		16		16
2028 and beyond	—		37		37
Total lease payments	$	2	$	223	$	225
Less imputed interest	—		20		20
Present value of lease liabilities	$	2	$	203	$	205

The supplemental cash flow information for leases were as follows:

	Year Ended December 31,
(in millions)	2022		2021		2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows paid for operating leases	$	66	$	65	$	56
Right-of-use assets obtained in exchange for new lease liabilities:
Finance leases	$	—	$	1	$	—
Operating leases	57		79		43

Leases

LEASES

The net present value of finance and operating lease right-of-use assets and liabilities were as follows:

		Year Ended December 31,
(in millions, except percentages)	Location in the Consolidated Balance Sheets	2022			2021
Assets
Finance leases	Property, plant, and equipment, net	$	1		$	2
Operating leases	Operating lease right-of-use assets, net	200			198
Total right-of-use assets		$	201		$	200
Liabilities
Current liabilities
Finance leases	Notes payable and current portion of long-term debt	$	1		$	1
Operating leases	Accrued liabilities	54			50
Noncurrent liabilities
Finance leases	Long-term debt	1			1
Operating leases	Operating lease liabilities	149			149
Total lease liabilities		$	205		$	201
Supplemental information:
Weighted-average discount rate
Finance leases		3.5		%	3.2		%
Operating leases		3.5		%	3.3		%
Weighted-average remaining lease term in years
Finance leases		4.1			4.3
Operating leases		5.1			5.3

The lease cost recognized in the Consolidated Statements of Operations were as follows:

	Year Ended December 31,
(in millions)	2022		2021
Operating lease cost	$	68	$	67
Short-term lease cost	1		1
Variable lease cost	12		10
Total lease cost	$	81	$	78

The contractual maturity dates of the remaining lease liabilities as of December 31, 2022 were as follows:

(in millions)	Finance Leases		Operating Leases		Total
2023	$	1	$	61	$	62
2024	1		50		51
2025	—		34		34
2026	—		25		25
2027	—		16		16
2028 and beyond	—		37		37
Total lease payments	$	2	$	223	$	225
Less imputed interest	—		20		20
Present value of lease liabilities	$	2	$	203	$	205

The supplemental cash flow information for leases were as follows:

	Year Ended December 31,
(in millions)	2022		2021		2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows paid for operating leases	$	66	$	65	$	56
Right-of-use assets obtained in exchange for new lease liabilities:
Finance leases	$	—	$	1	$	—
Operating leases	57		79		43