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Leases (Tables)
9 Months Ended
Sep. 30, 2024
Leases [Abstract]  
Schedule of Significant Lease Transactions
The following table summarizes the significant lease transactions during the nine months ended September 30, 2024 (in millions):
Renewal/Termination Options excluded (1)
Net Incremental (2)
LeaseQuarterTransactionLease ClassificationROU assetsROU liabilities
Tokyo 15 ("TY15") new data center leaseQ3
New lease with a 20-year term
Two 10-year renewal options
Finance Lease$109 $109 
Operating Lease53 53 
(1)    These renewal/termination options are not included in determining the lease terms as we are not reasonably certain to exercise them at this time.
(2)    The net incremental amounts represent the adjustments to the right-of-use ("ROU") assets and liabilities recorded during the quarter that the transactions were entered.
Schedule of Components of Lease Expenses
The components of lease expenses are as follows (in millions):
Three Months Ended
September 30,
Nine Months Ended
September 30,
2024202320242023
Finance lease cost
Amortization of right-of-use assets (1)
$44 $47 $135 $133 
Interest on lease liabilities28 28 83 84 
Total finance lease cost72 75 218 217 
Operating lease cost57 58 169 168 
Variable lease cost21 17 58 47 
Total lease cost$150 $150 $445 $432 
(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.
Schedule of Other Information Related to Leases
Other information related to leases is as follows (in millions, except years and percent):
Nine Months Ended September 30,
20242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases$80 $83 
Operating cash flows from operating leases154 151 
Financing cash flows from finance leases101 98 
Right-of-use assets obtained in exchange for lease obligations: (1)
Finance leases$228 $194 
Operating leases144 255 
September 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 leases%%
Weighted-average discount rate - operating leases%%
Finance lease right-of-use assets (3)
$2,053 $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 September 30, 2024 and December 31, 2023, we recorded accumulated amortization of finance lease right-of-use assets of $955 million and $870 million, respectively. Finance lease assets are recorded within property, plant and equipment, net on the condensed consolidated balance sheets.
Schedule of Maturities of Lease Liabilities
Maturities of lease liabilities as of September 30, 2024 are as follows (in millions):
Operating LeasesFinance LeasesTotal
2024 (3 months remaining)$50 $61 $111 
2025223 327 550 
2026217 260 477 
2027196 264 460 
2028168 253 421 
Thereafter1,242 2,319 3,561 
Total lease payments2,096 3,484 5,580 
Less imputed interest(581)(1,089)(1,670)
Total$1,515 $2,395 $3,910 
Schedule of Maturities of Lease Liabilities
Maturities of lease liabilities as of September 30, 2024 are as follows (in millions):
Operating LeasesFinance LeasesTotal
2024 (3 months remaining)$50 $61 $111 
2025223 327 550 
2026217 260 477 
2027196 264 460 
2028168 253 421 
Thereafter1,242 2,319 3,561 
Total lease payments2,096 3,484 5,580 
Less imputed interest(581)(1,089)(1,670)
Total$1,515 $2,395 $3,910