Leases (Tables)

12 Months Ended

Dec. 31, 2022

Lease expense consisted of the following:


	Years Ended December 31,
	2022		2021	2020
	(Dollars in millions)
Operating and short-term lease cost	$	451	535	729
Finance lease cost:
Amortization of right-of-use assets	37		37	36
Interest on lease liability	15		16	12
Total finance lease cost	52		53	48
Total lease cost	$	503	588	777

Supplemental consolidated cash flow statement information related to leases is included below:


	Years Ended December 31,
	2022		2021
	(Dollars in millions)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	462	525
Operating cash flows for finance leases	15		15
Financing cash flows for finance leases	89		52
Supplemental lease cash flow disclosures:
Operating lease right-of-use assets obtained in exchange for new operating lease liabilities	$	381	165
Right-of-use assets obtained in exchange for new finance lease liabilities	94		94

Supplemental consolidated balance sheet information and other information related to leases is included below:


		As of December 31,
Leases (Dollars in millions)	Classification on the Balance Sheet	2022			2021
Assets
Operating lease assets	Other, net	$	1,340		1,451
Finance lease assets	Property, plant and equipment, net of accumulated depreciation	317			314
Total leased assets		$	1,657		1,765

Liabilities
Current
Operating	Current operating lease liabilities	$	344		385
Finance	Current maturities of long-term debt	16			19
Noncurrent
Operating	Other	1,088			1,171
Finance	Long-term debt	234			251
Total lease liabilities		$	1,682		1,826

Weighted-average remaining lease term (years)
Operating leases		7.7			6.8
Finance leases		12.0			13.1
Weighted-average discount rate
Operating leases		5.98		%	5.54	%
Finance leases		4.96		%	4.89	%

As of December 31, 2022, maturities of lease liabilities were as follows:

As of December 31, 2022, maturities of lease liabilities were as follows: