XML 51 R25.htm IDEA: XBRL DOCUMENT
v3.24.2

Leases (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
Leases [Abstract] |
Schedule of Lease Expense and Cash Flow Information | The components of lease expense were as follows (in millions):
| Consolidated Statement of Comprehensive Income (Loss) Classification |  | Quarter Ended June 30, 2024 |  | Six Months Ended June 30, 2024
Lease costs: |  |  |  |  |
Operating lease costs | Commission, transportation and other |  | $ | 42 |  |  | $ | 113 |
Operating lease costs | Other operating expenses |  | 4 |  |  | 7 |
Operating lease costs | Marketing, selling and administrative expenses |  | 5 |  |  | 9 |
Financial lease costs: |  |  |  |  |
Amortization of right-of-use-assets | Depreciation and amortization expenses |  | 3 |  |  | 7 |
Interest on lease liabilities | Interest expense, net of interest capitalized |  | 7 |  |  | 14 |
Total lease costs |  |  | $ | 61 |  |  | $ | 150 |
| Consolidated Statement of Comprehensive Income (Loss) Classification |  | Quarter Ended June 30, 2023 |  | Six Months Ended June 30, 2023
Lease costs: |  |  |  |  |
Operating lease costs | Commission, transportation and other |  | $ | 40 |  |  | $ | 95 |
Operating lease costs | Other operating expenses |  | 6 |  |  | 11 |
Operating lease costs | Marketing, selling and administrative expenses |  | 6 |  |  | 11 |
Financial lease costs: |  |  |  |  |
Amortization of right-of-use-assets | Depreciation and amortization expenses |  | 6 |  |  | 12 |
Interest on lease liabilities | Interest expense, net of interest capitalized |  | 7 |  |  | 15 |
Total lease costs |  |  | $ | 65 |  |  | $ | 144 |
The weighted average of the remaining lease terms and weighted average discount rates are as follows:
| As of June 30, 2024 |  | As of December 31, 2023
Weighted average of the remaining lease term in years |  |  |
Operating leases | 20.06 |  | 19.43
Finance leases | 23.99 |  | 23.92
Weighted average discount rate |  |  |
Operating leases | 7.53 | % |  | 7.53 | %
Finance leases | 5.85 | % |  | 5.83 | %
Supplemental cash flow information related to leases is as follows (in millions):
| Six Months Ended June 30, 2024 |  | Six Months Ended June 30, 2023
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows from operating leases | $ | 138 |  |  | $ | 91 |
Operating cash flows from finance leases | 14 |  |  | 15 |
Financing cash flows from finance leases | $ | 13 |  |  | $ | 19 |
Schedule of Maturities, Operating Leases | As of June 30, 2024, maturities related to lease liabilities were as follows (in millions):
Year | Operating Leases |  | Finance Leases
Remainder of 2024 | $ | 58 |  |  | $ | 23 |
2025 | 102 |  |  | 45 |
2026 | 92 |  |  | 39 |
2027 | 73 |  |  | 38 |
2028 | 73 |  |  | 37 |
Thereafter | 1,061 |  |  | 685 |
Total lease payments | 1,459 |  |  | 867 |
Less: Interest | (804) |  |  | (510) |
Present value of lease liabilities | $ | 655 |  |  | $ | 357 |
Schedule of Maturities, Finance Leases | As of June 30, 2024, maturities related to lease liabilities were as follows (in millions):
Year | Operating Leases |  | Finance Leases
Remainder of 2024 | $ | 58 |  |  | $ | 23 |
2025 | 102 |  |  | 45 |
2026 | 92 |  |  | 39 |
2027 | 73 |  |  | 38 |
2028 | 73 |  |  | 37 |
Thereafter | 1,061 |  |  | 685 |
Total lease payments | 1,459 |  |  | 867 |
Less: Interest | (804) |  |  | (510) |
Present value of lease liabilities | $ | 655 |  |  | $ | 357 |

X
- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance 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_FinanceLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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