v3.24.0.1
Leases (Tables)
12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Schedule of lease assets and liabilities
The table below presents the lease-related assets and liabilities recorded on our consolidated balance sheets as of December 31, 2023 and 2022 (in millions):
As of December 31,
20232022
AssetsClassification on Balance Sheet
Operating lease assetsOperating lease assets$593 $660 
Finance lease assetsProperty and equipment, net— 
Total lease assets$593 $662 
LiabilitiesClassification on Balance Sheet
Current:
Operating lease liabilitiesCurrent operating lease liabilities$117 $97 
Finance lease liabilitiesCurrent maturities of long-term debt and finance lease obligations— 
Long-term:
Operating lease liabilitiesLong-term operating lease liabilities547 639 
Finance lease liabilitiesLong-term debt and finance lease obligations— — 
Total lease liabilities$664 $738 
As of December 31,
20232022
Weighted average remaining lease term (in years)
Operating leases89
Finance leases— 1
Weighted average discount rate
Operating leases7.05 %6.76 %
Finance leases— %6.09 %
Lease, cost
The table below presents certain information related to our lease costs during the years ended December 31, 2023, 2022, and 2021 (in millions):
202320222021
Operating lease cost$167 $158 $165 
Short-term lease cost
Finance lease cost:
Interest on lease liabilities— — 
Variable lease cost614 500 562 
Sublease income20 20 10 
Total net lease cost$803 $679 $739 
Schedule of leases, supplemental cash flows
The table below presents supplemental cash flow information related to leases during the years ended December 31, 2023, 2022, and 2021 (in millions):
202320222021
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases$168 $154 $160 
Operating cash flows for finance leases— — 
Financing cash flows for finance leases59 
Lessee, operating lease, liability, maturity
The table below presents scheduled future minimum lease payments for operating leases recorded on our consolidated balance sheets, as of December 31, 2023 (in millions):
As of December 31, 2023
Operating Leases
2024$160 
2025115 
202690 
202786 
202873 
Thereafter365 
Total minimum lease payments$889 
Less: amount of lease payment representing interest(225)
Present value of future minimum lease payment$664 
Less: current obligations under leases(117)
Long-term lease obligations$547 
Lessee, finance lease, liability, maturity
The table below presents scheduled future minimum lease payments for operating leases recorded on our consolidated balance sheets, as of December 31, 2023 (in millions):
As of December 31, 2023
Operating Leases
2024$160 
2025115 
202690 
202786 
202873 
Thereafter365 
Total minimum lease payments$889 
Less: amount of lease payment representing interest(225)
Present value of future minimum lease payment$664 
Less: current obligations under leases(117)
Long-term lease obligations$547