Leases (Tables)
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12 Months Ended |
Dec. 31, 2023 |
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| Leases [Abstract] |
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| Schedule of Components of Lease Costs |
The components of lease costs are as follows (in millions): | | | | | | | | | | | | | | | | | | | Year Ended December 31, | | 2023 | | 2022 | | 2021 | | Finance lease cost: | | | | | | | Amortization of right-of-use assets | $ | 349 | | | $ | 380 | | | $ | 344 | | | Interest | 20 | | | 16 | | | 15 | | | Operating lease cost | 2,091 | | | 1,857 | | | 1,540 | | | Variable lease cost and other, net | 580 | | | 363 | | | 272 | | | Total lease cost | $ | 3,040 | | | $ | 2,616 | | | $ | 2,171 | |
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| Lease, Balance Sheet Information |
Supplemental balance sheet information related to lease liabilities is as follows: | | | | | | | | | | | | | December 31, | | 2023 | | 2022 | | Weighted-average remaining lease term: | | | | | Finance leases | 14.0 years | | 14.4 years | | Operating leases | 11.6 years | | 12.5 years | | Weighted-average discount rate: | | | | | Finance leases | 3.4 | % | | 3.1 | % | | Operating leases | 3.7 | % | | 3.2 | % |
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| Schedule of Maturities of Finance Lease Liabilities |
The following is a schedule, by years, of maturities of lease liabilities as of December 31, 2023 (in millions): | | | | | | | | | | | | | Operating Leases | | Finance Leases | | 2024 | $ | 2,219 | | | $ | 111 | | | 2025 | 2,330 | | | 64 | | | 2026 | 2,264 | | | 64 | | | 2027 | 2,233 | | | 60 | | | 2028 | 2,112 | | | 60 | | | Thereafter | 12,491 | | | 492 | | | Total undiscounted cash flows | 23,649 | | | 851 | | | Less: Imputed interest | (4,800) | | | (161) | | Present value of lease liabilities (1) | $ | 18,849 | | | $ | 690 | | | | | | | Lease liabilities, current | $ | 1,623 | | | $ | 90 | | | Lease liabilities, non-current | 17,226 | | | 600 | | Present value of lease liabilities (1) | $ | 18,849 | | | $ | 690 | |
_________________ (1) Lease liabilities include operating leases under restructuring as a part of our facilities consolidation efforts. For additional information, see Note 3 — Restructuring
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| Schedule of Maturities of Operating Lease Liabilities |
The following is a schedule, by years, of maturities of lease liabilities as of December 31, 2023 (in millions): | | | | | | | | | | | | | Operating Leases | | Finance Leases | | 2024 | $ | 2,219 | | | $ | 111 | | | 2025 | 2,330 | | | 64 | | | 2026 | 2,264 | | | 64 | | | 2027 | 2,233 | | | 60 | | | 2028 | 2,112 | | | 60 | | | Thereafter | 12,491 | | | 492 | | | Total undiscounted cash flows | 23,649 | | | 851 | | | Less: Imputed interest | (4,800) | | | (161) | | Present value of lease liabilities (1) | $ | 18,849 | | | $ | 690 | | | | | | | Lease liabilities, current | $ | 1,623 | | | $ | 90 | | | Lease liabilities, non-current | 17,226 | | | 600 | | Present value of lease liabilities (1) | $ | 18,849 | | | $ | 690 | |
_________________ (1) Lease liabilities include operating leases under restructuring as a part of our facilities consolidation efforts. For additional information, see Note 3 — Restructuring.
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| Lease, Cash Flows Information |
Supplemental cash flow information related to leases is as follows (in millions): | | | | | | | | | | | | | | | | | | | Year Ended December 31, | | 2023 | | 2022 | | 2021 | | Cash paid for amounts included in the measurement of lease liabilities: | | | | | | Operating cash flows for operating leases (1) | $ | 2,233 | | | $ | 1,654 | | | $ | 1,406 | | | Operating cash flows for finance leases | $ | 20 | | | $ | 16 | | | $ | 15 | | | Financing cash flows for finance leases | $ | 1,058 | | | $ | 850 | | | $ | 677 | | | Lease liabilities arising from obtaining right-of-use assets: | | | | | | | Operating leases | $ | 4,370 | | | $ | 4,366 | | | $ | 4,466 | | | Finance leases | $ | 588 | | | $ | 223 | | | $ | 160 | |
_________________ (1) Cash flows for operating leases during the year ended December 31, 2023 include cash paid for terminations of certain operating leases.
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