v3.23.1
Leases (Tables)
 3 Months Ended
Mar. 31, 2023
Leases [Abstract]  
Components of Lease Costs
The components of lease costs are as follows (in millions):
Three Months Ended March 31,
20232022
Finance lease cost:
Amortization of right-of-use assets$104 $98 
Interest5 4 
Operating lease cost557 411 
Variable lease cost and other, net124 90 
Total lease cost$790 $603 
Lease, Balance Sheet Information
Supplemental balance sheet information related to lease liabilities is as follows:
March 31, 2023December 31, 2022
Weighted-average remaining lease term:
Finance leases14.3 years14.4 years
Operating leases 12.2 years12.5 years
Weighted-average discount rate:
Finance leases3.2 %3.1 %
Operating leases3.3 %3.2 %
Finance Lease, Liability, Maturity
The following is a schedule, by years, of maturities of lease liabilities as of March 31, 2023 (in millions):
Operating LeasesFinance Leases
The remainder of 2023$1,362 $115 
20242,208 60 
20252,049 60 
20261,859 56 
20271,834 54 
Thereafter12,729 491 
Total undiscounted cash flows22,041 836 
Less: Imputed interest(4,391)(149)
Present value of lease liabilities (1)
$17,650 $687 
Lease liabilities, current$1,479 $114 
Lease liabilities, non-current16,171 573 
Present value of lease liabilities (1)
$17,650 $687 
____________________________________
(1)    Lease liabilities include those operating leases that we plan to sublease or abandon as a part of our facilities consolidation restructuring efforts. For additional information, see Note 3 — Restructuring.
Operating Lease, Liability, Maturity
The following is a schedule, by years, of maturities of lease liabilities as of March 31, 2023 (in millions):
Operating LeasesFinance Leases
The remainder of 2023$1,362 $115 
20242,208 60 
20252,049 60 
20261,859 56 
20271,834 54 
Thereafter12,729 491 
Total undiscounted cash flows22,041 836 
Less: Imputed interest(4,391)(149)
Present value of lease liabilities (1)
$17,650 $687 
Lease liabilities, current$1,479 $114 
Lease liabilities, non-current16,171 573 
Present value of lease liabilities (1)
$17,650 $687 
____________________________________
(1)    Lease liabilities include those operating leases that we plan to sublease or abandon as a part of our facilities consolidation restructuring efforts. For additional information, see Note 3 — Restructuring.
Lease, Cash Flow Information
Supplemental cash flow information related to leases is as follows (in millions):
Three Months Ended March 31,
20232022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases$478 $389 
Operating cash flows for finance leases$5 $4 
Financing cash flows for finance leases$264 $233 
Lease liabilities arising from obtaining right-of-use assets:
Operating leases$1,282 $539 
Finance leases$70 $52