Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2023

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 June 30, 2023 and December 31, 2022:

(in millions)		June 30,		December 31,
Balance Sheet Location		2023		2022
Assets
Right of use assets	Lease right of use assets	$	401	$	423
Liabilities
Other current liabilities	Current lease liabilities	115		118
Lease liabilities — non-current	Non-current lease liabilities	547		577

Schedule of Components of Lease Expense and Supplemental Cash Flow Information

The components of lease expense for the periods ended June 30 are as follows: 

(in millions)	Three Months				Six Months
	2023		2022		2023		2022
Operating lease cost	$	36	$	39	$	66	$	71
Sublease income	(5)		(1)		(9)		(2)
Total lease cost	$	31	$	38	$	57	$	69

Supplemental information related to leases for the periods ended June 30 are as follows:

(in millions)	Three Months				Six Months
	2023		2022		2023		2022
Cash paid for amounts included in the measurement for operating lease liabilities
Operating cash flows for operating leases	$	38	$	43	$	77	$	81
Right of use assets obtained in exchange for lease obligations
Operating leases	—		4		—		4

Schedule of Lease Term and Discount Rate

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

	June 30,		December 31,
	2023		2022
Weighted-average remaining lease term (years)	6.4		6.6
Weighted-average discount rate	3.20	%	3.17	%

Schedule of Maturities of Operating Lease Liabilities

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

(in millions)
2023 (Excluding the six months ended June 30, 2023)	$	72
2024	122
2025	106
2026	93
2027	86
2028 and beyond	269
Total undiscounted lease payments	$	748
Less: Imputed interest	86
Present value of lease liabilities	$	662