XML 52 R39.htm IDEA: XBRL DOCUMENT v3.23.4
Leases (Tables)
 12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Schedule of Operating and Financing Leases Presented in Balance Sheets
The balances for the operating and finance leases where we are the lessee are presented as follows (in millions) within our consolidated balance sheets:
December 31, 2023December 31, 2022
Operating leases:  
Operating lease right-of-use assets$4,180 $2,563 
 
Accrued liabilities and other$672 $485 
Other long-term liabilities3,671 2,164 
Total operating lease liabilities$4,343 $2,649 
 
Finance leases:  
Solar energy systems, net$23 $25 
Property, plant and equipment, net601 1,094 
Total finance lease assets$624 $1,119 
 
Current portion of long-term debt and finance leases$398 $486 
Long-term debt and finance leases, net of current portion175 568 
Total finance lease liabilities$573 $1,054 
Schedule of Components of Lease Expense and Other Information Related to Leases
The components of lease expense are as follows (in millions) within our consolidated statements of operations:
Year Ended December 31,
202320222021
Operating lease expense:   
Operating lease expense (1)$1,153 $798 $627 
 
Finance lease expense:
Amortization of leased assets$506 $493 $415 
Interest on lease liabilities45 72 89 
Total finance lease expense$551 $565 $504 
 
Total lease expense$1,704 $1,363 $1,131 
(1)Includes short-term leases and variable lease costs, which are immaterial.
Other information related to leases where we are the lessee is as follows:
December 31, 2023December 31, 2022
Weighted-average remaining lease term:
Operating leases7.4 years6.4 years
Finance leases2.3 years3.1 years
 
Weighted-average discount rate:
Operating leases5.6 %5.3 %
Finance leases5.5 %5.7 %
Supplemental cash flow information related to leases where we are the lessee is as follows (in millions):
Year Ended December 31,
202320222021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases$1,084 $754 $616 
Operating cash outflows from finance leases (interest payments)$47 $75 $89 
Leased assets obtained in exchange for finance lease liabilities$10 $58 $486 
Leased assets obtained in exchange for operating lease liabilities$2,170 $1,059 $818 
Lessee, Operating Lease, Liability, to be Paid, Maturity
As of December 31, 2023, the maturities of our operating and finance lease liabilities (excluding short-term leases) are as follows (in millions):
 Operating
Leases		Finance
Leases
2024$892 $418 
2025831 81 
2026706 57 
2027603 38 
2028508 2 
Thereafter1,820 4 
Total minimum lease payments5,360 600 
Less: Interest1,017 27 
Present value of lease obligations4,343 573 
Less: Current portion672 398 
Long-term portion of lease obligations$3,671 $175 
Finance Lease, Liability, to be Paid, Maturity
As of December 31, 2023, the maturities of our operating and finance lease liabilities (excluding short-term leases) are as follows (in millions):
 Operating
Leases		Finance
Leases
2024$892 $418 
2025831 81 
2026706 57 
2027603 38 
2028508 2 
Thereafter1,820 4 
Total minimum lease payments5,360 600 
Less: Interest1,017 27 
Present value of lease obligations4,343 573 
Less: Current portion672 398 
Long-term portion of lease obligations$3,671 $175 
Lessor, Operating Lease, Payment to be Received, Maturity
We are the lessor of certain vehicle and solar energy system arrangements as described in Note 2, Summary of Significant Accounting Policies. As of December 31, 2023, maturities of our operating lease and sales-type lease receivables from customers for each of the next five years and thereafter were as follows (in millions):
Operating
Leases		Sales-type
Leases
2024$1,405 $227 
2025960 214 
2026461 210 
2027227 102 
2028197 25 
Thereafter1,492 2 
Gross lease receivables$4,742 $780 
Sales-Type and Direct Financing Leases, Payment to be Received, Maturity
We are the lessor of certain vehicle and solar energy system arrangements as described in Note 2, Summary of Significant Accounting Policies. As of December 31, 2023, maturities of our operating lease and sales-type lease receivables from customers for each of the next five years and thereafter were as follows (in millions):
Operating
Leases		Sales-type
Leases
2024$1,405 $227 
2025960 214 
2026461 210 
2027227 102 
2028197 25 
Thereafter1,492 2 
Gross lease receivables$4,742 $780 
Schedule of Lease Receivables Relating to Sales-Type Leases
Net investment in sales-type leases, which is the sum of the present value of the future contractual lease payments, is presented on the consolidated balance sheets as a component of Prepaid expenses and other current assets for the current portion and as Other non-current assets for the long-term portion. Lease receivables relating to sales-type leases are presented on the consolidated balance sheets as follows (in millions):
December 31, 2023December 31, 2022
Gross lease receivables$780 $837 
Unearned interest income(78)(95)
Allowance for expected credit losses(6)(4)
Net investment in sales-type leases$696 $738 
 
Reported as:
Prepaid expenses and other current assets$189 $164 
Other non-current assets507 574 
Net investment in sales-type leases$696 $738 
Lease Pass-Through Financing Obligation As of December 31, 2023, the future minimum master lease payments to be received from investors, for each of the next five years and thereafter, were as follows (in millions):
2024$18 
202527 
202628 
202729 
202829 
Thereafter337 
Total$468