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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) ClassificationQuarter Ended June 30, 2024Six Months Ended June 30, 2024
Lease costs:
Operating lease costsCommission, transportation and other$42 $113 
Operating lease costsOther operating expenses
Operating lease costsMarketing, selling and administrative expenses
Financial lease costs:
Amortization of right-of-use-assetsDepreciation and amortization expenses
Interest on lease liabilitiesInterest expense, net of interest capitalized14 
Total lease costs$61 $150 
Consolidated Statement of Comprehensive Income (Loss) ClassificationQuarter Ended June 30, 2023Six Months Ended June 30, 2023
Lease costs:
Operating lease costsCommission, transportation and other$40 $95 
Operating lease costsOther operating expenses11 
Operating lease costsMarketing, selling and administrative expenses11 
Financial lease costs:
Amortization of right-of-use-assetsDepreciation and amortization expenses12 
Interest on lease liabilitiesInterest expense, net of interest capitalized15 
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, 2024As of December 31, 2023
Weighted average of the remaining lease term in years
Operating leases20.0619.43
Finance leases23.9923.92
Weighted average discount rate
Operating leases7.53 %7.53 %
Finance leases5.85 %5.83 %
Supplemental cash flow information related to leases is as follows (in millions):
Six Months Ended June 30, 2024Six 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 leases14 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):
YearOperating LeasesFinance Leases
Remainder of 2024$58 $23 
2025102 45 
202692 39 
202773 38 
202873 37 
Thereafter1,061 685 
Total lease payments1,459 867 
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):
YearOperating LeasesFinance Leases
Remainder of 2024$58 $23 
2025102 45 
202692 39 
202773 38 
202873 37 
Thereafter1,061 685 
Total lease payments1,459 867 
Less: Interest(804)(510)
Present value of lease liabilities$655 $357