v3.24.4
Leases (Tables)
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Schedule of Operating and Financing Leases Presented in Balance Sheets
The balances for the operating and finance leases where we are the lessee are presented as follows (in millions) within our consolidated balance sheets:
December 31, 2024December 31, 2023
Operating leases:  
Operating lease right-of-use assets$5,160 $4,180 
 
Accrued liabilities and other$807 $672 
Other long-term liabilities4,603 3,671 
Total operating lease liabilities$5,410 $4,343 
 
Finance leases:  
Solar energy systems, net$21 $23 
Property, plant and equipment, net350 601 
Total finance lease assets$371 $624 
 
Current portion of long-term debt and finance leases$113 $398 
Long-term debt and finance leases, net of current portion222 175 
Total finance lease liabilities$335 $573 
Schedule of Components of Lease Expense and Other Information Related to Leases
The components of lease expense are as follows (in millions) within our consolidated statements of operations:
Year Ended December 31,
202420232022
Operating lease expense:   
Operating lease expense (1)$1,500 $1,153 $798 
 
Finance lease expense:
Amortization of leased assets$409 $506 $493 
Interest on lease liabilities21 45 72 
Total finance lease expense$430 $551 $565 
 
Total lease expense$1,930 $1,704 $1,363 
(1)Includes short-term leases and variable lease costs, which are immaterial.
Other information related to leases where we are the lessee is as follows:
December 31, 2024December 31, 2023
Weighted-average remaining lease term:
Operating leases7.9 years7.4 years
Finance leases4.4 years2.3 years
 
Weighted-average discount rate:
Operating leases5.3 %5.6 %
Finance leases4.7 %5.5 %
Supplemental cash flow information related to leases where we are the lessee is as follows (in millions):
Year Ended December 31,
202420232022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases$1,450 $1,084 $754 
Operating cash outflows from finance leases (interest payments)$21 $47 $75 
Leased assets obtained in exchange for finance lease liabilities$144 $10 $58 
Leased assets obtained in exchange for operating lease liabilities$1,808 $2,170 $1,059 
Lessee, Operating Lease, Liability, to be Paid, Maturity
As of December 31, 2024, the maturities of our operating and finance lease liabilities (excluding short-term leases) are as follows (in millions):
 Operating
Leases		Finance
Leases
2025$1,066 $122 
2026958 84 
2027843 69 
2028742 27 
2029642 22 
Thereafter2,428 45 
Total minimum lease payments6,679 369 
Less: Interest1,269 34 
Present value of lease obligations5,410 335 
Less: Current portion807 113 
Long-term portion of lease obligations$4,603 $222 
Finance Lease, Liability, to be Paid, Maturity
As of December 31, 2024, the maturities of our operating and finance lease liabilities (excluding short-term leases) are as follows (in millions):
 Operating
Leases		Finance
Leases
2025$1,066 $122 
2026958 84 
2027843 69 
2028742 27 
2029642 22 
Thereafter2,428 45 
Total minimum lease payments6,679 369 
Less: Interest1,269 34 
Present value of lease obligations5,410 335 
Less: Current portion807 113 
Long-term portion of lease obligations$4,603 $222 
Lessor, Operating Lease, Payment to be Received, Maturity
We are the lessor of certain vehicle and solar energy system arrangements as described in Note 2, Summary of Significant Accounting Policies. As of December 31, 2024, maturities of our operating lease and sales-type lease receivables from customers for each of the next five years and thereafter were as follows (in millions):
Operating
Leases		Sales-type
Leases
2025$1,265 $177 
2026777 185 
2027454 93 
2028240 27 
2029200 2 
Thereafter1,290 — 
Gross lease receivables$4,226 $484 
Sales-Type and Direct Financing Leases, Payment to be Received, Maturity
We are the lessor of certain vehicle and solar energy system arrangements as described in Note 2, Summary of Significant Accounting Policies. As of December 31, 2024, maturities of our operating lease and sales-type lease receivables from customers for each of the next five years and thereafter were as follows (in millions):
Operating
Leases		Sales-type
Leases
2025$1,265 $177 
2026777 185 
2027454 93 
2028240 27 
2029200 2 
Thereafter1,290 — 
Gross lease receivables$4,226 $484 
Schedule of Lease Receivables Relating to Sales-Type Leases
Net investment in sales-type leases, which is the sum of the present value of the future contractual lease payments, is presented on the consolidated balance sheets as a component of Prepaid expenses and other current assets for the current portion and as Other non-current assets for the long-term portion. Lease receivables relating to sales-type leases are presented on the consolidated balance sheets as follows (in millions):
December 31, 2024December 31, 2023
Gross lease receivables$484 $780 
Unearned interest income(38)(78)
Allowance for expected credit losses(6)(6)
Net investment in sales-type leases$440 $696 
 
Reported as:
Prepaid expenses and other current assets$152 $189 
Other non-current assets288 507 
Net investment in sales-type leases$440 $696