Leases (Tables)

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Lease Cost

The components of lease expense were as follows:

	Year Ended December 31,
	2022		2021		2020
	(in millions)
Lease cost:
Finance lease cost:
Amortization of right-of-use assets	$	4	$	4	$	5
Interest on lease liabilities	1		1		1
Total finance lease cost	5		5		6
Operating lease cost	122		119		111
Short-term lease cost	14		13		13
Variable lease cost	1		—		—
Sublease income (1)	(5)		(4)		(4)
Total lease cost	$	137	$	133	$	126

(1)Sublease income excludes rental income from owned properties of $8 million, $10 million and $10 million for the years ended December 31, 2022, 2021 and 2020, respectively, which is included in other income, net.

Supplemental Cash Flow Information Related to Leases

Supplemental cash flow and other information related to leases was as follows:

	Year Ended December 31,
	2022		2021		2020
	(in millions)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for finance leases	$	1	$	1	$	1
Operating cash flows for operating leases	116		122		107
Financing cash flows for finance leases	4		4		4
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	102	$	74	$	35
Finance leases	3		1		1

Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases was as follows:

	December 31,
	2022			2021
	(dollars in millions)
Operating leases:
Operating lease right-of-use assets	$	451		$	383
Accrued liabilities (Note 8)	$	109		$	92
Long-term operating lease liabilities	361			304
Total operating lease liabilities	$	470		$	396
Finance leases:
Property and equipment	$	35		$	26
Less: accumulated depreciation	(19)			(15)
Total property, net	$	16		$	11
Short-term debt (Note 11)	$	6		$	3
Long-term debt (Note 11)	12			10
Total finance lease liabilities	$	18		$	13
Weighted average remaining lease term:
Operating leases	6 years			6 years
Finance leases	4 years			5 years
Weighted average discount rate:
Operating leases	3.25		%	3.00		%
Finance leases	4.00		%	3.50		%

Maturities of Lease Liabilities

Maturities of lease liabilities were as follows:

	Operating Leases		Finance Leases
	(in millions)
As of December 31, 2022
2023	$	121	$	6
2024	95		5
2025	78		4
2026	65		3
2027	49		2
Thereafter	106		1
Total lease payments	514		21
Less: imputed interest	(44)		(3)
Total	$	470	$	18