Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2022

Commitments and Contingencies Disclosure [Abstract]

Schedule of location and amounts of leases

The following table provides information on the location and amounts of our leases on our consolidated balance sheets as of March 31, 2022 and December 31, 2021:

(in millions)		March 31,		December 31,
Balance Sheet Location		2022		2021
Assets
Right of use assets	Lease right of use assets	$	625	$	426
Liabilities
Other current liabilities	Current lease liabilities	134		96
Lease liabilities — non-current	Non-current lease liabilities	692		492

Schedule of components of lease expense and supplemental cash flow information

The components of lease expense for the three months ended March 31 are as follows: 

(in millions)	2022		2021
Operating lease cost	$	33	$	33
Sublease income	(1)		(1)
Total lease cost	$	32	$	32

Supplemental information related to leases for the three months ended March 31 are as follows:

(in millions)	2022		2021
Cash paid for amounts included in the measurement for operating lease liabilities
Operating cash flows for operating leases	$	38	$	32
Right of use assets obtained in exchange for lease obligations
Operating leases	—		—

Schedule of lease term and discount rate

Weighted-average remaining lease term and discount rate for our operating leases are as follows:

	March 31,		December 31,
	2022		2021
Weighted-average remaining lease term (years)	7.9		8.3
Weighted-average discount rate	3.36	%	3.59	%

Schedule of maturities of operating lease liabilities

Maturities of lease liabilities for our operating leases are as follows:

(in millions)
2022 (Excluding the three months ended March 31, 2022)	$	122
2023	141
2024	135
2025	130
2026	124
2027 and beyond	401
Total undiscounted lease payments	$	1,053
Less: Imputed interest	227
Present value of lease liabilities	$	826