XML 49 R37.htm IDEA: XBRL DOCUMENT
v3.23.3

Leases (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2023
Leases [Abstract] |
Schedule of Lease Cost and Additional Information | The following table provides additional information about the Company’s property leases:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(In millions) | 2023 | 2022 |  | 2023 | 2022
Lease Cost: |  |  |  |  |
Operating lease cost (a) | $ | 82 |  | $ | 84 |  |  | $ | 243 | $ | 262
Short-term lease cost | 1 |  | 1 |  |  | 4 | 3
Variable lease cost | 31 |  | 35 |  |  | 94 | 99
Sublease income | (2) |  | (3) |  |  | (8) | (12)
Net lease cost | $ | 112 |  | $ | 117 |  |  | $ | 333 | $ | 352
Other information: |  |  |  |  |
Operating cash outflows from operating leases |  |  |  | $ | 284 | $ | 286
Right of use assets obtained in exchange for new operating lease liabilities |  |  |  | $ | 177 | $ | 148
Weighted-average remaining lease term – real estate |  |  |  | 8.1 years | 8.4 years
Weighted-average discount rate – real estate leases |  |  |  | 3.28 | % | 2.87 | %
(a) Excludes ROU asset impairment charges.
Schedule of Future Minimum Lease Payments for Operating Leases | Future minimum lease payments for the Company’s operating leases as of September 30, 2023 are as follows:
(In millions) | Real Estate Leases
Remainder of 2023 | $ | 92 |
2024 | 354 |
2025 | 325 |
2026 | 302 |
2027 | 265 |
2028 | 188 |
Subsequent years | 680 |
Total future lease payments | 2,206 |
Less: Imputed interest | (260) |
Total | $ | 1,946 |
Current lease liabilities | $ | 303 |
Long-term lease liabilities | 1,643 |
Total lease liabilities | $ | 1,946 |
Note: The above table excludes obligations for leases with original terms of twelve months or less which have not been recognized as a ROU asset or liability in the consolidated balance sheets.

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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 Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration