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Leases (Tables)
 6 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Schedule of Maturity of Lease Liabilities
Future annual minimum lease payments for operating and finance leases as of June 30, 2024 are as follows (in millions): 
Years Ending December 31,Operating LeasesFinance Leases
2024$409 $35 
2025671 72 
2026538 75 
2027441 77 
2028287 73 
Thereafter932 355 
Total lease payments (1)3,278 687 
Less: Interest(441)(140)
Present value of lease liabilities$2,837 $547 
(1)Does not include approximately $3.3 billion of legally binding minimum payments for leases executed as of June 30, 2024 that will commence in future periods, consisting primarily of vessel charters, with fixed minimum lease terms of up to 15 years.
Lease, Other Quantitative Information
The following table shows the weighted-average remaining lease term and the weighted-average discount rate for our operating leases and finance leases:
June 30, 2024December 31, 2023
Operating LeasesFinance LeasesOperating LeasesFinance Leases
Weighted-average remaining lease term (in years)6.89.36.39.7
Weighted-average discount rate (1)5.0%7.5%4.7%7.7%
(1)The weighted average discount rate is impacted by certain finance leases that commenced prior to the adoption of the current leasing standard under GAAP. In accordance with previous accounting guidance, the implied rate is based on the fair value of the underlying assets.
The following table includes other quantitative information for our operating and finance leases (in millions):
Six Months Ended June 30,
20242023
Right-of-use assets obtained in exchange for operating lease liabilities (1)$568 $177 
Right-of-use assets obtained in exchange for finance lease liabilities (2)74 5 
(1)Includes $15 million reclassified from finance leases to operating leases during the six months ended June 30, 2024, as a result of modifications of the underlying tug vessel leases.
(2)Includes $33 million reclassified from operating leases to finance leases during the six months ended June 30, 2024, as a result of modifications of the underlying tug vessel leases.
Schedule of Sublease Income The following table shows the sublease income recognized in other revenues on our Consolidated Statements of Operations (in millions):
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Fixed income$67 $97 $165 $231 
Variable income12 13 18 36 
Total sublease income$79 $110 $183 $267 
Sublease Payment to be Received, Fiscal Year Maturity
Future annual minimum sublease payments to be received from LNG vessel subleases as of June 30, 2024 are as follows (in millions): 
Years Ending December 31,Sublease Payments
2024$78 
202513 
Total sublease payments$91