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Leases
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Leases LEASESWe have entered into non-cancellable operating and finance leases for fulfillment network, data center, office, and physical store facilities as well as server and networking equipment, aircraft, and vehicles. Gross assets acquired under finance leases, including those where title transfers at the end of the lease, are recorded in “Property and equipment, net” and were $62.5 billion and $56.5 billion as of December 31, 2023 and 2024. Accumulated amortization associated with finance leases was $44.7 billion and $41.8 billion as of December 31, 2023 and 2024.
Lease cost recognized in our consolidated statements of operations is summarized as follows (in millions):
 Year Ended December 31,
202220232024
Operating lease cost$8,847 $10,550 $11,961 
Finance lease cost:
Amortization of lease assets6,097 5,899 3,866 
Interest on lease liabilities361 304 285 
Finance lease cost6,458 6,203 4,151 
Variable lease cost1,852 2,165 2,465 
Total lease cost$17,157 $18,918 $18,577 
Other information about lease amounts recognized in our consolidated financial statements is as follows:
 December 31, 2023December 31, 2024
 
Weighted-average remaining lease term – operating leases11.3 years10.6 years
Weighted-average remaining lease term – finance leases11.9 years11.9 years
Weighted-average discount rate – operating leases3.3 %3.5 %
Weighted-average discount rate – finance leases2.7 %3.0 %
Our lease liabilities were as follows (in millions):
December 31, 2023
 Operating LeasesFinance LeasesTotal
Gross lease liabilities$90,777 $14,106 $104,883 
Less: imputed interest(15,138)(1,997)(17,135)
Present value of lease liabilities75,639 12,109 87,748 
Less: current portion of lease liabilities(8,419)(2,032)(10,451)
Total long-term lease liabilities$67,220 $10,077 $77,297 
December 31, 2024
 Operating LeasesFinance LeasesTotal
Gross lease liabilities$95,294 $12,520 $107,814 
Less: imputed interest(15,698)(1,918)(17,616)
Present value of lease liabilities79,596 10,602 90,198 
Less: current portion of lease liabilities(10,546)(1,375)(11,921)
Total long-term lease liabilities$69,050 $9,227 $78,277 
Leases LEASES
We have entered into non-cancellable operating and finance leases for fulfillment network, data center, office, and physical store facilities as well as server and networking equipment, aircraft, and vehicles. Gross assets acquired under finance leases, including those where title transfers at the end of the lease, are recorded in “Property and equipment, net” and were $62.5 billion and $56.5 billion as of December 31, 2023 and 2024. Accumulated amortization associated with finance leases was $44.7 billion and $41.8 billion as of December 31, 2023 and 2024.
Lease cost recognized in our consolidated statements of operations is summarized as follows (in millions):
 Year Ended December 31,
202220232024
Operating lease cost$8,847 $10,550 $11,961 
Finance lease cost:
Amortization of lease assets6,097 5,899 3,866 
Interest on lease liabilities361 304 285 
Finance lease cost6,458 6,203 4,151 
Variable lease cost1,852 2,165 2,465 
Total lease cost$17,157 $18,918 $18,577 
Other information about lease amounts recognized in our consolidated financial statements is as follows:
 December 31, 2023December 31, 2024
 
Weighted-average remaining lease term – operating leases11.3 years10.6 years
Weighted-average remaining lease term – finance leases11.9 years11.9 years
Weighted-average discount rate – operating leases3.3 %3.5 %
Weighted-average discount rate – finance leases2.7 %3.0 %
Our lease liabilities were as follows (in millions):
December 31, 2023
 Operating LeasesFinance LeasesTotal
Gross lease liabilities$90,777 $14,106 $104,883 
Less: imputed interest(15,138)(1,997)(17,135)
Present value of lease liabilities75,639 12,109 87,748 
Less: current portion of lease liabilities(8,419)(2,032)(10,451)
Total long-term lease liabilities$67,220 $10,077 $77,297 
December 31, 2024
 Operating LeasesFinance LeasesTotal
Gross lease liabilities$95,294 $12,520 $107,814 
Less: imputed interest(15,698)(1,918)(17,616)
Present value of lease liabilities79,596 10,602 90,198 
Less: current portion of lease liabilities(10,546)(1,375)(11,921)
Total long-term lease liabilities$69,050 $9,227 $78,277