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Leases
 6 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Leases Leases
There were no significant lease transactions during the six months ended June 30, 2024.
Lease Expenses
The components of lease expenses are as follows (in millions):
Three Months Ended
June 30,		Six Months Ended
June 30,
2024202320242023
Finance lease cost
Amortization of right-of-use assets (1)
$43 $43 $91 $86 
Interest on lease liabilities27 28 55 56 
Total finance lease cost70 71 146 142 
Operating lease cost56 57 112 110 
Variable lease cost20 17 37 30 
Total lease cost$146 $145 $295 $282 
(1)    Amortization of right-of-use assets is included within depreciation expense, and is recorded within cost of revenues, sales and marketing and general and administrative expenses in the condensed consolidated statements of operations.
Other Information
Other information related to leases is as follows (in millions, except years and percent):
Six Months Ended June 30,
20242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases$53 $55 
Operating cash flows from operating leases101 99 
Financing cash flows from finance leases66 66 
Right-of-use assets obtained in exchange for lease obligations: (1)
Finance leases$87 $157 
Operating leases34 209 
June 30, 2024December 31, 2023
Weighted-average remaining lease term - finance leases (2)
14 years14 years
Weighted-average remaining lease term - operating leases (2)
12 years12 years
Weighted-average discount rate - finance leases6 %6 %
Weighted-average discount rate - operating leases5 %5 %
Finance lease right-of-use assets (3)
$2,140 $2,184 
(1) Represents all non-cash changes in right-of-use assets.
(2) Includes lease renewal options that are reasonably certain to be exercised.
(3) As of June 30, 2024 and December 31, 2023, we recorded accumulated amortization of finance lease right-of-use assets of $897 million and $870 million, respectively. Finance lease assets are recorded within property, plant and equipment, net on the condensed consolidated balance sheets.
Maturities of Lease Liabilities
Maturities of lease liabilities as of June 30, 2024 are as follows (in millions):
Operating LeasesFinance LeasesTotal
2024 (6 months remaining)$95 $120 $215 
2025208 307 515 
2026201 243 444 
2027181 248 429 
2028154 237 391 
Thereafter1,081 2,131 3,212 
Total lease payments1,920 3,286 5,206 
Less imputed interest(514)(1,058)(1,572)
Total$1,406 $2,228 $3,634 
We entered into agreements with various landlords primarily to lease data center spaces and ground leases which have not yet commenced as of June 30, 2024. These leases will commence between year 2024 and 2026, with lease terms of 2 to 33 years and total lease commitments of approximately $509 million.
Leases Leases
There were no significant lease transactions during the six months ended June 30, 2024.
Lease Expenses
The components of lease expenses are as follows (in millions):
Three Months Ended
June 30,		Six Months Ended
June 30,
2024202320242023
Finance lease cost
Amortization of right-of-use assets (1)
$43 $43 $91 $86 
Interest on lease liabilities27 28 55 56 
Total finance lease cost70 71 146 142 
Operating lease cost56 57 112 110 
Variable lease cost20 17 37 30 
Total lease cost$146 $145 $295 $282 
(1)    Amortization of right-of-use assets is included within depreciation expense, and is recorded within cost of revenues, sales and marketing and general and administrative expenses in the condensed consolidated statements of operations.
Other Information
Other information related to leases is as follows (in millions, except years and percent):
Six Months Ended June 30,
20242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases$53 $55 
Operating cash flows from operating leases101 99 
Financing cash flows from finance leases66 66 
Right-of-use assets obtained in exchange for lease obligations: (1)
Finance leases$87 $157 
Operating leases34 209 
June 30, 2024December 31, 2023
Weighted-average remaining lease term - finance leases (2)
14 years14 years
Weighted-average remaining lease term - operating leases (2)
12 years12 years
Weighted-average discount rate - finance leases6 %6 %
Weighted-average discount rate - operating leases5 %5 %
Finance lease right-of-use assets (3)
$2,140 $2,184 
(1) Represents all non-cash changes in right-of-use assets.
(2) Includes lease renewal options that are reasonably certain to be exercised.
(3) As of June 30, 2024 and December 31, 2023, we recorded accumulated amortization of finance lease right-of-use assets of $897 million and $870 million, respectively. Finance lease assets are recorded within property, plant and equipment, net on the condensed consolidated balance sheets.
Maturities of Lease Liabilities
Maturities of lease liabilities as of June 30, 2024 are as follows (in millions):
Operating LeasesFinance LeasesTotal
2024 (6 months remaining)$95 $120 $215 
2025208 307 515 
2026201 243 444 
2027181 248 429 
2028154 237 391 
Thereafter1,081 2,131 3,212 
Total lease payments1,920 3,286 5,206 
Less imputed interest(514)(1,058)(1,572)
Total$1,406 $2,228 $3,634 
We entered into agreements with various landlords primarily to lease data center spaces and ground leases which have not yet commenced as of June 30, 2024. These leases will commence between year 2024 and 2026, with lease terms of 2 to 33 years and total lease commitments of approximately $509 million.