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Leases
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Leases Leases
The Company leases certain office, factory and warehouse space, land and other equipment, principally under non-cancelable operating leases.
Components of Lease Expense
(in millions)December 31, 2022December 31, 2021
Lease expense:
Operating lease cost$130 $133 
Finance lease cost
Amortization of right-of-use assets$6 $10 
Short-term lease cost$1 $2 
Variable cost33 36 
Sublease income(5)(7)
Net lease expense$165 $174 
Lease Assets and Liabilities
(in millions)Statement Line ClassificationDecember 31, 2022December 31, 2021
Assets:
Operating lease assetsOperating lease assets$485 $382 
Finance lease assetsProperty, plant, and equipment, net9 16 
$494 $398 
Current liabilities:
Operating lease liabilitiesAccrued liabilities$118 $124 
Finance lease liabilitiesCurrent portion of long-term debt1 4 
$119 $128 
Non-current liabilities:
Operating lease liabilitiesOperating lease liabilities$419 $313 
Other Information Related to Leases
(in millions)December 31, 2022December 31, 2021
Supplemental cash flow information:
Net cash used for operating activities related to operating leases$145 $145 
Net cash used for operating activities related to finance leases— — 
Net cash used for financing activities related to finance leases4 11 
Assets obtained in exchange for lease liabilities:
Operating leases$221 $40 
During the year ended December 31, 2022 the Company recorded $150 million of assets obtained in exchange for lease liabilities due to an assumption that it is reasonably certain that renewal options will be extended on its radio tower site leases operated within the Airwave radio network consistent with the contract extension of the radio communication services through 2026. In addition, assets obtained in exchange for lease liabilities of $34 million were recorded in connection with the Company's acquisition of TETRA Ireland on March 23, 2022.
December 31, 2022December 31, 2021
Weighted average remaining lease terms (years):
Operating leases56
Finance leases11
Weighted average discount rate:
Operating leases4.07 %3.11 %
Finance leases3.23 %3.99 %
Future Lease Payments
December 31 (in millions)Operating LeasesFinance LeasesTotal
2023$137 $1 $138 
2024125 — 125 
2025108 — 108 
202693 — 93 
202750 — 50 
Thereafter80 — 80 
Total lease payments$593 $1 $594 
Less: Interest56 — 56 
Present value of lease liabilities$537 $1 $538 
Leases Leases
The Company leases certain office, factory and warehouse space, land and other equipment, principally under non-cancelable operating leases.
Components of Lease Expense
(in millions)December 31, 2022December 31, 2021
Lease expense:
Operating lease cost$130 $133 
Finance lease cost
Amortization of right-of-use assets$6 $10 
Short-term lease cost$1 $2 
Variable cost33 36 
Sublease income(5)(7)
Net lease expense$165 $174 
Lease Assets and Liabilities
(in millions)Statement Line ClassificationDecember 31, 2022December 31, 2021
Assets:
Operating lease assetsOperating lease assets$485 $382 
Finance lease assetsProperty, plant, and equipment, net9 16 
$494 $398 
Current liabilities:
Operating lease liabilitiesAccrued liabilities$118 $124 
Finance lease liabilitiesCurrent portion of long-term debt1 4 
$119 $128 
Non-current liabilities:
Operating lease liabilitiesOperating lease liabilities$419 $313 
Other Information Related to Leases
(in millions)December 31, 2022December 31, 2021
Supplemental cash flow information:
Net cash used for operating activities related to operating leases$145 $145 
Net cash used for operating activities related to finance leases— — 
Net cash used for financing activities related to finance leases4 11 
Assets obtained in exchange for lease liabilities:
Operating leases$221 $40 
During the year ended December 31, 2022 the Company recorded $150 million of assets obtained in exchange for lease liabilities due to an assumption that it is reasonably certain that renewal options will be extended on its radio tower site leases operated within the Airwave radio network consistent with the contract extension of the radio communication services through 2026. In addition, assets obtained in exchange for lease liabilities of $34 million were recorded in connection with the Company's acquisition of TETRA Ireland on March 23, 2022.
December 31, 2022December 31, 2021
Weighted average remaining lease terms (years):
Operating leases56
Finance leases11
Weighted average discount rate:
Operating leases4.07 %3.11 %
Finance leases3.23 %3.99 %
Future Lease Payments
December 31 (in millions)Operating LeasesFinance LeasesTotal
2023$137 $1 $138 
2024125 — 125 
2025108 — 108 
202693 — 93 
202750 — 50 
Thereafter80 — 80 
Total lease payments$593 $1 $594 
Less: Interest56 — 56 
Present value of lease liabilities$537 $1 $538