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Other Liabilities
12 Months Ended
Dec. 31, 2024
Other Liabilities Disclosure [Abstract]  
Other Liabilities OTHER LIABILITIES
Other Accrued Liabilities
A summary of other accrued liabilities as of December 31 follows:
20242023
Accrued payroll and benefits$339 $351 
Insurance reserves, current 220 217 
Accrued fees and taxes204 194 
Accrued dividends181 168 
Operating right-of-use lease liabilities, current 55 55 
Ceded insurance reserves, current 30 35 
Contingent purchase price and acquisition holdbacks14 17 
Accrued professional fees and legal settlement reserves12 18 
Other121 117 
Total$1,176 $1,172 
 Other Long-Term Liabilities
A summary of other long-term liabilities as of December 31 follows:
20242023
Operating right-of-use lease liabilities$189 $195 
Deferred compensation plan liability120 115 
Ceded insurance reserves86 92 
Derivative and hedging liabilities72 71 
Contingent purchase price and acquisition holdbacks60 59 
Withdrawal liability - multiemployer pension funds19 20 
Other42 43 
Total$588 $595 
Insurance Reserves
Our liabilities for unpaid and incurred but not reported claims as of December 31, 2024 and 2023 (which include claims for workers’ compensation, commercial general and auto liability and employee-related health care benefits) were $622 million and $566 million, respectively, under our risk management program and are included in other accrued liabilities and insurance reserves, net of current portion, in our consolidated balance sheets. While the ultimate amount of claims incurred depends on future developments, we believe the recorded reserves are adequate to cover the future payment of claims; however, it is possible that these recorded reserves may not be adequate to cover the future payment of claims. Adjustments, if any, to estimates recorded resulting from ultimate claim payments will be reflected in our consolidated statements of income in the periods in which such adjustments are known.
The following table summarizes the activity in our insurance reserves for the years ended December 31:
202420232022
Balance at beginning of year$566 $503 $497 
Additions charged to expense671 656 565 
Payments(701)(636)(594)
Premium written for third party risk assumed86 43 35 
Balance at end of year622 566 503 
Less: current portion(220)(217)(188)
Long-term portion$402 $349 $315