Leases (Tables)

3 Months Ended

Mar. 31, 2023

Leases [Abstract]

Schedule of Assets And Liabilities, Lessee

Operating and financing lease right-of-use assets and lease liabilities as of March 31, 2023 and December 31, 2022 were as follows (in millions):

	March 31,		December 31,
	2023		2022
Assets:
Right-of-use assets, operating, net(1) (2)	$	117	$	121
Right-of-use assets, financing, net(3) (4)	1,033		1,150
Total	$	1,150	$	1,271
Liabilities:
Current:
Operating lease liabilities(5)	$	28	$	35
Financing lease liabilities(5)	153		161
Total current lease liabilities	181		196
Non-current:
Operating lease liabilities, non-current	96		92
Financing lease liabilities, non-current	831		912
Total non-current lease liabilities	$	927	$	1,004
Total	$	1,108	$	1,200

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(1) These assets are real estate related assets, which include land, office, and laboratory spaces.

(2) Net of accumulated amortization.

(3) These assets are real estate assets related to the MTC leases as well as assets related to contract manufacturing service agreements.

(4) Included in property and equipment in the condensed consolidated balance sheets, net of accumulated depreciation.

(5) Included in other current liabilities in the condensed consolidated balance sheets.

Schedule of Finance Lease Maturity

Future minimum lease payments under our non-cancelable lease agreements as of March 31, 2023, were as follows (in millions):

Fiscal Year		Operating Leases		Financing Leases(1)
2023	(remainder of the year)	$	31	$	154
2024		23		128
2025		20		128
2026		18		107
2027		19		23
Thereafter		48		1,097
Total minimum lease payments		159		1,637
Less amounts representing interest or imputed interest		(35)		(653)
Present value of lease liabilities		$	124	$	984

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(1) Includes certain optional lease term extensions, predominantly related to the MTC leases, which represent a total of $668 million of undiscounted future lease payments.

Schedule of Operating Lease Maturity

Future minimum lease payments under our non-cancelable lease agreements as of March 31, 2023, were as follows (in millions):

Fiscal Year		Operating Leases		Financing Leases(1)
2023	(remainder of the year)	$	31	$	154
2024		23		128
2025		20		128
2026		18		107
2027		19		23
Thereafter		48		1,097
Total minimum lease payments		159		1,637
Less amounts representing interest or imputed interest		(35)		(653)
Present value of lease liabilities		$	124	$	984

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(1) Includes certain optional lease term extensions, predominantly related to the MTC leases, which represent a total of $668 million of undiscounted future lease payments.