v3.23.3
Leases (Tables)
 9 Months Ended
Sep. 30, 2023
Leases [Abstract]  
Components of Lease Costs
The components of lease costs are as follows (in millions):
Three Months Ended September 30,Nine Months Ended September 30,
2023202220232022
Finance lease cost:
Amortization of right-of-use assets$80 $92 $264 $285 
Interest5 4 15 12 
Operating lease cost487 480 1,560 1,326 
Variable lease cost and other, net163 87 399 263 
Total lease cost$735 $663 $2,238 $1,886 
Lease, Balance Sheet Information
Supplemental balance sheet information related to lease liabilities is as follows:
September 30, 2023December 31, 2022
Weighted-average remaining lease term:
Finance leases13.9 years14.4 years
Operating leases 11.9 years12.5 years
Weighted-average discount rate:
Finance leases3.3 %3.1 %
Operating leases3.5 %3.2 %
Finance Lease, Liability, Maturity
The following is a schedule, by years, of maturities of lease liabilities as of September 30, 2023 (in millions):
Operating LeasesFinance Leases
The remainder of 2023$387 $61 
20242,291 60 
20252,073 61 
20262,021 60 
20272,007 57 
Thereafter13,562 505 
Total undiscounted cash flows22,341 804 
Less: Imputed interest(4,507)(145)
Present value of lease liabilities (1)
$17,834 $659 
Lease liabilities, current$1,460 $85 
Lease liabilities, non-current16,374 574 
Present value of lease liabilities (1)
$17,834 $659 
____________________________________
(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 September 30, 2023 (in millions):
Operating LeasesFinance Leases
The remainder of 2023$387 $61 
20242,291 60 
20252,073 61 
20262,021 60 
20272,007 57 
Thereafter13,562 505 
Total undiscounted cash flows22,341 804 
Less: Imputed interest(4,507)(145)
Present value of lease liabilities (1)
$17,834 $659 
Lease liabilities, current$1,460 $85 
Lease liabilities, non-current16,374 574 
Present value of lease liabilities (1)
$17,834 $659 
____________________________________
(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):
Nine Months Ended September 30,
20232022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases (1)
$1,685 $1,197 
Operating cash flows for finance leases$15 $11 
Financing cash flows for finance leases$751 $615 
Lease liabilities arising from obtaining right-of-use assets:
Operating leases$3,042 $3,565 
Finance leases$460 $114 
____________________________________
(1)Cash flows for operating leases during the nine months ended September 30, 2023 include cash paid for terminations of certain operating leases.