Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases

Summary of lease balance sheet information

Supplemental balance sheet information for our leases as of December 31 is as follows (in millions):

Leases	Classification	2023		2022
Assets
Long-term:
Operating	Other assets	$	453	$	456
Financing	Property and equipment, net of accumulated depreciation and depletion		393		328
Total lease assets		$	846	$	784
Liabilities
Current:
Operating	Accrued liabilities	$	66	$	64
Financing	Current portion of long-term debt		53		44
Long-term:
Operating	Other liabilities		452		460
Financing	Long-term debt, less current portion		321		258
Total lease liabilities		$	892	$	826

Summary of maturities of operating lease liabilities

		Operating		Financing
2024	$	79	$	65
2025		69		72
2026		61		52
2027		52		44
2028		45		33
Thereafter		399		215
Total undiscounted lease payments	$	705	$	481
Less: interest		(187)		(107)
Discounted lease liabilities	$	518	$	374

Summary of maturities of finance lease liabilities

Minimum contractual obligations for our leases (undiscounted) as of December 31, 2023 are as follows (in millions):

		Operating		Financing
2024	$	79	$	65
2025		69		72
2026		61		52
2027		52		44
2028		45		33
Thereafter		399		215
Total undiscounted lease payments	$	705	$	481
Less: interest		(187)		(107)
Discounted lease liabilities	$	518	$	374