Commitments and Contingencies (Tables)

9 Months Ended

Sep. 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 September 30, 2023 and December 31, 2022:

(in millions)		September 30,		December 31,
Balance Sheet Location		2023		2022
Assets
Right of use assets	Lease right of use assets	$	392	$	423
Liabilities
Other current liabilities	Current lease liabilities	108		118
Lease liabilities — non-current	Non-current lease liabilities	543		577

Schedule of Components of Lease Expense and Supplemental Cash Flow Information

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

(in millions)	Three Months				Nine Months
	2023		2022		2023		2022
Operating lease cost	$	32	$	39	$	98	$	111
Sublease income	(4)		(1)		(12)		(2)
Total lease cost	$	28	$	38	$	86	$	109

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

(in millions)	Three Months				Nine Months
	2023		2022		2023		2022
Cash paid for amounts included in the measurement for operating lease liabilities
Operating cash flows for operating leases	$	36	$	39	$	113	$	120
Right of use assets obtained in exchange for lease obligations
Operating leases	5		1		6		4

Schedule of Lease Term and Discount Rate

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

	September 30,		December 31,
	2023		2022
Weighted-average remaining lease term (years)	6.3		6.6
Weighted-average discount rate	3.33	%	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 nine months ended September 30, 2023)	$	35
2024	121
2025	106
2026	99
2027	93
2028 and beyond	283
Total undiscounted lease payments	$	737
Less: Imputed interest	86
Present value of lease liabilities	$	651