XML 41 R22.htm IDEA: XBRL DOCUMENT
v3.22.4

Leases | 12 Months Ended
--- | ---
Dec. 31, 2022
Leases [Abstract] |
Leases | Leases We lease certain facilities and equipment related primarily to R&D, administrative and commercial activities. Leases with terms of 12 months or less are expensed as incurred and are not recorded in the Consolidated Balance Sheets. Most leases include one or more options to renew, with renewal terms that may extend the lease term up to seven years. The exercise of lease renewal options is at our sole discretion. In addition, some of our lease agreements include rental payments adjusted periodically for inflation. Our lease agreements neither contain residual value guarantees nor impose significant restrictions or covenants. We sublease certain real estate to third parties. Our sublease portfolio consists of operating leases from former R&D and administrative space. The following table summarizes information related to our leases, all of which are classified as operating, included in our Consolidated Balance Sheets (in millions):
|  | December 31,
Consolidated Balance Sheets locations |  | 2022 |  | 2021
Assets: |  |  |  |
Other noncurrent assets |  | $ | 579 |  |  | $ | 566 |
Liabilities: |  |  |  |
Accrued liabilities |  | $ | 156 |  |  | $ | 145 |
Other noncurrent liabilities |  | 539 |  |  | 525 |
Total lease liabilities |  | $ | 695 |  |  | $ | 670 |
The components of net lease costs were as follows (in millions):
|  | Years ended December 31,
Lease costs |  | 2022 |  | 2021 |  | 2020
Operating(1) |  | $ | 218 |  |  | $ | 237 |  |  | $ | 223 |
Sublease income |  | (32) |  |  | (38) |  |  | (34) |
Total net lease costs |  | $ | 186 |  |  | $ | 199 |  |  | $ | 189 |
____________ (1) Includes short-term leases and variable lease costs, which were not material for the years ended December 31, 2022, 2021 and 2020. Maturities of lease liabilities as of December 31, 2022, were as follows (in millions):
Maturity dates |  | Amounts |  |  |  |
2023 |  | $ | 172 |  |  |  |  |
2024 |  | 109 |  |  |  |  |
2025 |  | 80 |  |  |  |  |
2026 |  | 70 |  |  |  |  |
2027 |  | 64 |  |  |  |  |
Thereafter |  | 286 |  |  |  |  |
Total lease payments(1) |  | 781 |  |  |  |  |
Less imputed interest |  | (86) |  |  |  |  |
Present value of lease liabilities |  | $ | 695 |  |  |  |  |
____________ (1) Includes future rental commitments for abandoned leases of $90 million. We expect to receive total future rental income of $76 million related to noncancelable subleases for abandoned facilities. The weighted-average remaining lease terms and weighted-average discount rates were as follows:
|  |  |  | December 31,
|  |  |  | 2022 |  | 2021
Weighted-average remaining lease term (in years) |  |  |  | 8.2 |  | 8.3
Weighted-average discount rate |  |  |  | 2.7 | % |  | 2.5 | %
Cash and noncash information related to our leases was as follows (in millions):
|  |  |  | Years ended December 31,
|  |  |  | 2022 |  | 2021 |  | 2020
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |
Operating cash flows for operating leases |  |  |  | $ | 171 |  |  | $ | 190 |  |  | $ | 177 |
ROU assets obtained in exchange for lease obligations: |  |  |  |  |  |  |  |
Operating leases |  |  |  | $ | 191 |  |  | $ | 340 |  |  | $ | 101 |
As of December 31, 2022, the total undiscounted future lease payments for leases that have not yet commenced were not material.

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration