Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Schedule of leases

The amounts recorded on the Consolidated Balance Sheets as of December 31, 2023 and 2022 related to our lease agreements are as follows (in millions):

		December 31,
Leases	Classification	2023		2022
Assets
Operating lease ROU assets, net	Operating lease assets, net	$	1,336	$	1,227
Finance lease assets, net	Property, plant and equipment, net	80		52
Total leased assets		$	1,416	$	1,279
Liabilities
Current
Operating	Current portion of operating lease liabilities	$	224	$	188
Finance	Current portion of long-term obligations	26		17
Noncurrent
Operating	Long-term operating lease liabilities, excluding current portion	1,163		1,091
Finance	Long-term obligations, excluding current portion	57		31
Total lease liabilities		$	1,470	$	1,327

Lease, Cost

The components of lease expense are as follows (in millions):

	Year Ended December 31,
Lease Cost	2023		2022		2021
Operating lease cost	$	305	$	282	$	314
Short-term lease cost	20		16		9
Variable lease cost	113		96		97
Finance lease cost
Amortization of leased assets	19		12		10
Interest on lease liabilities	4		2		2
Sublease income	(6)		(5)		(3)
Net lease cost	$	455	$	403	$	429

Schedule of Maturing of Lease Liabilities

The future minimum lease commitments under our leases at December 31, 2023 are as follows (in millions):

Years Ending December 31,	Operating leases		Finance leases (1)		Total
2024	$	317	$	30	$	347
2025	281		18		299
2026	242		13		255
2027	200		10		210
2028	156		13		169
Thereafter	594		15		609
Future minimum lease payments	1,790		99		1,889
Less: Interest	403		16		419
Present value of lease liabilities	$	1,387	$	83	$	1,470

(1)     Amounts are included in the scheduled maturities of long-term obligations in Note 19, "Long-Term Obligations".

Schedule of Lease Term, Discount Rate, and Supplemental Cash Flow Information

Other information related to leases is as follows:

	December 31,
Lease Term and Discount Rate	2023		2022
Weighted-average remaining lease term (years)
Operating leases	8.2		9.1
Finance leases	6.7		8.5
Weighted-average discount rate
Operating leases	6.00	%	5.75	%
Finance leases	4.83	%	3.69	%

	Year Ended December 31,
Supplemental cash flows information (in millions)	2023		2022		2021
Cash paid for amounts included in the measurement of lease liabilities
Operating cash outflows from operating leases	$	299	$	284	$	286
Financing cash outflows from finance leases	19		14		13
Leased assets obtained in exchange for finance lease liabilities	49		15		10
Leased assets obtained in exchange for operating lease liabilities(1)	310		159		248

(1)    Includes leased assets obtained in exchange for operating lease liabilities as a result of the Uni-Select acquisition. Refer to Note 3, "Business Combinations" for more information.