XML 54 R34.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2024
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, 2024 and December 31, 2023:
(in millions)March 31, December 31,
Balance Sheet Location20242023
Assets
Right of use assetsLease right of use assets$371 $379 
Liabilities
Other current liabilitiesCurrent lease liabilities 103 105 
Lease liabilities — non-currentNon-current lease liabilities524 541 
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)20242023
Operating lease cost$34 $30 
Sublease income(4)(4)
Total lease cost$30 $26 
Supplemental information related to leases for the three months ended March 31 are as follows:
(in millions)20242023
Cash paid for amounts included in the measurement for operating lease liabilities
Operating cash flows for operating leases$34 $39 
Right of use assets obtained in exchange for lease obligations
Operating leases10 — 
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,
20242023
Weighted-average remaining lease term (years)6.16.0
Weighted-average discount rate 3.58 %3.46 %
Schedule of Maturities of Operating Lease Liabilities
Maturities of lease liabilities for our operating leases are as follows:
(in millions)
2024 (Excluding the three months ended March 31, 2024)
$95 
2025114 
2026107 
202799 
202877 
2029 and beyond221 
Total undiscounted lease payments $713 
Less: Imputed interest86 
Present value of lease liabilities$627