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Leases | 12 Months Ended
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Dec. 31, 2023
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 |  | 2023 |  | 2022
Assets: |  |  |  |
Other noncurrent assets |  | $ | 651 |  |  | $ | 579 |
Liabilities: |  |  |  |
Accrued liabilities |  | $ | 119 |  |  | $ | 156 |
Other noncurrent liabilities |  | 691 |  |  | 539 |
Total lease liabilities |  | $ | 810 |  |  | $ | 695 |
The components of net lease costs were as follows (in millions):
|  | Years ended December 31,
Lease costs |  | 2023 |  | 2022 |  | 2021
Operating(1) |  | $ | 208 |  |  | $ | 218 |  |  | $ | 237 |
Sublease income |  | (28) |  |  | (32) |  |  | (38) |
Total net lease costs |  | $ | 180 |  |  | $ | 186 |  |  | $ | 199 |
____________ (1) Includes short-term leases and variable lease costs, which were not material for the years ended December 31, 2023, 2022 and 2021. Maturities of lease liabilities as of December 31, 2023, were as follows (in millions):
Maturity dates |  | Amounts |  |  |  |
2024 |  | $ | 138 |  |  |  |  |
2025 |  | 121 |  |  |  |  |
2026 |  | 109 |  |  |  |  |
2027 |  | 95 |  |  |  |  |
2028 |  | 74 |  |  |  |  |
Thereafter |  | 440 |  |  |  |  |
Total lease payments(1) |  | 977 |  |  |  |  |
Less imputed interest |  | (167) |  |  |  |  |
Present value of lease liabilities |  | $ | 810 |  |  |  |  |
____________ (1) Includes future rental commitments for abandoned leases of $67 million. We expect to receive total future rental income of $70 million related to noncancellable subleases for abandoned facilities. The weighted-average remaining lease terms and weighted-average discount rates were as follows:
|  |  |  | December 31,
|  |  |  | 2023 |  | 2022
Weighted-average remaining lease term (in years) |  |  |  | 9.7 |  | 8.2
Weighted-average discount rate |  |  |  | 3.6 | % |  | 2.7 | %
Cash and noncash information related to our leases was as follows (in millions):
|  |  |  | Years ended December 31,
|  |  |  | 2023 |  | 2022 |  | 2021
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |
Operating cash flows for operating leases |  |  |  | $ | 182 |  |  | $ | 171 |  |  | $ | 190 |
ROU assets obtained in exchange for lease obligations: |  |  |  |  |  |  |  |
Operating leases |  |  |  | $ | 245 |  |  | $ | 191 |  |  | $ | 340 |
As of December 31, 2023, there were no future lease payments for leases that have not yet commenced.

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- 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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
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