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LEASES (Tables)
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Components of operating lease cost
The components of operating lease cost are presented below.
Year Ended December 31,
(in millions)202220212020
Operating lease cost$216 $161 $165 
Short-term lease cost2 1 4 
Variable lease cost7 8 8 
Sublease income(1)(4)(4)
Total$224 $166 $173 
Year Ended December 31,
(in millions)202220212020
Cash paid for amounts included in measurement of liabilities:
Operating cash flows from operating leases$219 $163 $167 
Supplemental non-cash information on lease liabilities arising from obtaining right-of-use assets:
Right-of-use assets in exchange for new operating lease liabilities408 79 268 
Supplemental consolidated balance sheet information
Supplemental information related to the Company’s operating lease arrangements is presented in the tables below:
(dollars in millions)December 31, 2022December 31, 2021Affected Line Item in Consolidated Balance Sheets
Operating lease right-of-use assets$1,019 $766 Other assets
Operating lease liabilities1,066 800 Other liabilities
Weighted average remaining lease term (years)77—
Weighted average discount rate2.74 %2.34 %—
Lease liability maturity schedule
At December 31, 2022, lease liabilities maturing under non-cancelable operating leases are presented below for the years ended December 31.
(in millions)Operating Leases
2023$207 
2024206 
2025178 
2026142 
2027123 
Thereafter324 
Total lease payments1,180 
Less: Interest114 
Present value of lease liabilities$1,066