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Leases | 12 Months Ended
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Dec. 31, 2022
Leases [Abstract] |
Leases | Leases The Company leases office facilities under non-cancelable operating leases with terms generally ranging between 10 and 25 years. The Company utilizes these leased office facilities for use by its employees in countries in which the Company conducts its business. The Company’s leases have no restrictions on the payment of dividends, the acquisition of debt or entering into additional lease obligations. The leases also do not contain any significant purchase options. Operating leases are recognized on the consolidated balance sheets as ROU assets and operating lease liabilities based on the present value of the remaining future minimum payments over the lease term at the commencement date of the lease. The Company determined that $118 million and $16 million of its ROU assets were impaired and recorded a charge to the consolidated statements of income in 2022 and 2021, respectively. The following table provides additional information about the Company’s property leases:
For the Years Ended December 31, (In millions, except weighted average data) |  | 2022 | 2021
Lease Cost: |  |  |
Operating lease cost (a) |  | $ | 343 | $ | 374
Short-term lease cost |  | 4 | 4
Variable lease cost |  | 133 | 144
Sublease income |  | (17) | (20)
Net lease cost |  | $ | 463 | $ | 502
Other information: |  |  |
Operating cash outflows from operating leases |  | $ | 380 | $ | 412
Right of use assets obtained in exchange for new operating lease liabilities |  | $ | 196 | $ | 348
Weighted-average remaining lease term – real estate |  | 8.37 years | 8.87 years
Weighted-average discount rate – real estate leases |  | 2.90 | % | 2.72 | %
(a) Excludes ROU asset impairment charges. Future minimum lease payments for the Company’s operating leases as of December 31, 2022 are as follows:
(In millions) | Real Estate Leases
2023 | $ | 362 |
2024 | 324 |
2025 | 291 |
2026 | 268 |
2027 | 232 |
Subsequent years | 751 |
Total future lease payments | 2,228 |
Less: imputed interest | (251) |
Total | $ | 1,977 |
Current lease liabilities | $ | 310 |
Long-term lease liabilities | 1,667 |
Total lease liabilities | $ | 1,977 |
Note: The above table excludes obligations for leases with original terms of 12 months or less which have not been recognized as a ROU asset or liability in the consolidated balance sheets. As of December 31, 2022, the Company had additional operating real estate leases that had not yet com menced of $33 million. These operating leases will commence over the next 12 months.

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
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