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Leases (Tables)
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Schedule of information related to operating leases
The following tables provide information related to the Firm’s operating leases:
December 31,
(in millions, except where otherwise noted)
20222021
Right-of-use assets$7,782$7,888
Lease liabilities8,1838,328
Weighted average remaining lease term (in years)8.48.5
Weighted average discount rate3.55 %3.40 %
Supplemental cash flow information
Cash paid for amounts included in the measurement of lease liabilities - operating cash flows$1,613$1,656
Supplemental non-cash information
Right-of-use assets obtained in exchange for operating lease obligations$1,435$1,167
Year ended December 31,
(in millions)
20222021
Rental expense
Gross rental expense$2,079 $2,086 
Sublease rental income(119)(129)
Net rental expense$1,960 $1,957 
Schedule of future payments under operating leases
The following table presents future payments under operating leases as of December 31, 2022:
Year ended December 31, (in millions)
2023$1,572 
20241,433 
20251,273 
20261,034 
2027887 
After 20273,382 
Total future minimum lease payments9,581 
Less: Imputed interest(1,398)
Total$8,183 
Schedule of carrying value of assets subject to leases
The following table presents the carrying value of assets subject to leases reported on the Consolidated balance sheets:
December 31,
(in millions)
20222021
Carrying value of assets subject to operating leases, net of accumulated depreciation
$12,302 $17,553 
Accumulated depreciation
4,282 5,737 
Schedule of operating lease income and related depreciation expense
The following table presents the Firm’s operating lease income and the related depreciation expense on the Consolidated statements of income:

Year ended December 31, (in millions)
202220212020
Operating lease income$3,654 $4,914 $5,539 
Depreciation expense2,475 3,380 4,257 
Schedule of future receipts under operating leases
The following table presents future receipts under operating leases as of December 31, 2022:
Year ended December 31, (in millions)
2023$2,172 
20241,181 
2025389 
202639 
202710 
After 202715 
Total future minimum lease receipts$3,806