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Leases | 12 Months Ended
--- | ---
Dec. 31, 2023
Leases [Abstract] |
Leases | Leases The Company leases certain office, factory and warehouse space, land and other equipment under various operating leases. Components of Lease Expense
(in millions) | December 31, 2023 |  | December 31, 2022 | December 31, 2021
Lease expense: |  |  |  |
Operating lease cost | $ | 140 |  |  | $ | 130 |  | $ | 133 |
Short-term lease cost | $ | 1 |  |  | $ | 1 |  | $ | 2 |
Variable cost | 36 |  |  | 33 |  | 36 |
Sublease income | (5) |  |  | (5) |  | (7) |
Net lease expense from operating leases | $ | 172 |  |  | $ | 159 |  | $ | 164 |
Operating Lease Assets and Liabilities
(in millions) | Statement Line Classification |  | December 31, 2023 |  | December 31, 2022 |  |
Right-of-use lease assets | Operating lease assets |  | $ | 495 |  |  | $ | 485 |  |  |
Current lease liabilities | Accrued liabilities |  | $ | 125 |  |  | $ | 118 |  |  |
Non-current lease liabilities | Operating lease liabilities |  | $ | 407 |  |  | $ | 419 |  |  |
Other Information Related to Leases
(in millions) | December 31, 2023 |  | December 31, 2022 |  | December 31, 2021 |  |
Supplemental cash flow information: |  |  |  |  |  |  |
Net cash used for operating activities related to operating leases | $ | 147 |  |  | $ | 145 |  |  | $ | 145 |  |  |
Right-of-use assets obtained in exchange for lease liabilities | $ | 98 |  |  | $ | 221 |  |  | $ | 40 |  |  |
Assets obtained in exchange for lease liabilities during the year ended December 31, 2023 included $66 million of additional leases due to renewals of three large managed services contracts due to an assumption that it is reasonably certain that renewal options will be extended on the associated radio tower site leases. 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 communications 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.
| December 31, 2023 |  | December 31, 2022 |  |
Weighted average remaining lease terms (years) | 5 |  | 5 |  |
Weighted average discount rate | 4.34 | % |  | 4.07 | % |  |
Future Lease Payments
December 31 (in millions) | Amount |
2024 | $ | 145 |  |
2025 | 132 |  |
2026 | 115 |  |
2027 | 66 |  |
2028 | 41 |  |
Thereafter | 92 |  |
Total lease payments | $ | 591 |  |
Less: Interest | 59 |  |
Present value of operating lease liabilities | $ | 532 |  |
Leases | Leases The Company leases certain office, factory and warehouse space, land and other equipment under various operating leases. Components of Lease Expense
(in millions) | December 31, 2023 |  | December 31, 2022 | December 31, 2021
Lease expense: |  |  |  |
Operating lease cost | $ | 140 |  |  | $ | 130 |  | $ | 133 |
Short-term lease cost | $ | 1 |  |  | $ | 1 |  | $ | 2 |
Variable cost | 36 |  |  | 33 |  | 36 |
Sublease income | (5) |  |  | (5) |  | (7) |
Net lease expense from operating leases | $ | 172 |  |  | $ | 159 |  | $ | 164 |
Operating Lease Assets and Liabilities
(in millions) | Statement Line Classification |  | December 31, 2023 |  | December 31, 2022 |  |
Right-of-use lease assets | Operating lease assets |  | $ | 495 |  |  | $ | 485 |  |  |
Current lease liabilities | Accrued liabilities |  | $ | 125 |  |  | $ | 118 |  |  |
Non-current lease liabilities | Operating lease liabilities |  | $ | 407 |  |  | $ | 419 |  |  |
Other Information Related to Leases
(in millions) | December 31, 2023 |  | December 31, 2022 |  | December 31, 2021 |  |
Supplemental cash flow information: |  |  |  |  |  |  |
Net cash used for operating activities related to operating leases | $ | 147 |  |  | $ | 145 |  |  | $ | 145 |  |  |
Right-of-use assets obtained in exchange for lease liabilities | $ | 98 |  |  | $ | 221 |  |  | $ | 40 |  |  |
Assets obtained in exchange for lease liabilities during the year ended December 31, 2023 included $66 million of additional leases due to renewals of three large managed services contracts due to an assumption that it is reasonably certain that renewal options will be extended on the associated radio tower site leases. 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 communications 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.
| December 31, 2023 |  | December 31, 2022 |  |
Weighted average remaining lease terms (years) | 5 |  | 5 |  |
Weighted average discount rate | 4.34 | % |  | 4.07 | % |  |
Future Lease Payments
December 31 (in millions) | Amount |
2024 | $ | 145 |  |
2025 | 132 |  |
2026 | 115 |  |
2027 | 66 |  |
2028 | 41 |  |
Thereafter | 92 |  |
Total lease payments | $ | 591 |  |
Less: Interest | 59 |  |
Present value of operating lease liabilities | $ | 532 |  |

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
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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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
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