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Leases (Tables)
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Schedule of Lease Assets and Liabilities
For operating leases, the ROU assets and liabilities in our consolidated balance sheets follows:
As of December 31,
(MILLIONS)Balance Sheet Classification20212020
ROU assetsOther noncurrent assets$2,839 $1,386 
Lease liabilities (short-term)Other current liabilities449 320 
Lease liabilities (long-term)Other noncurrent liabilities2,510 1,108 
Schedule of Lease Costs and Other Supplemental Information
Components of total lease cost includes:
Year Ended December 31,
(MILLIONS)202120202019
Operating lease cost$548 $432 $421 
Variable lease cost381 380 326 
Sublease income(41)(40)(45)
Total lease cost$888 $772 $702 
Other supplemental information follows:
As of December 31,
(MILLIONS)20212020
Operating leases
Weighted-Average Remaining Contractual Lease Term (Years)126.9
Weighted-Average Discount Rate2.8 %2.9 %
Year Ended December 31,
(MILLIONS)202120202019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$387 $333 $338 
(Gains)/losses on sale and leaseback transactions, net1 (3)(29)
Schedule of Future Minimum Rental Payments for Operating Leases
The following reconciles the undiscounted cash flows for the first five years and total of the remaining years to the operating lease liabilities recorded in the consolidated balance sheet as of December 31, 2021:
(MILLIONS)
PeriodOperating Lease Liabilities
Next one year(a)
$520 
1-2 years417 
2-3 years322 
3-4 years279 
4-5 years217 
Thereafter1,865 
Total undiscounted lease payments3,621 
Less: Imputed interest
661 
Present value of minimum lease payments2,960 
Less: Current portion
449 
Noncurrent portion$2,510 
(a)Reflects lease payments due within 12 months subsequent to the balance sheet date.