XML 47 R26.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Leases (Notes) | 12 Months Ended
--- | ---
Dec. 31, 2023
Leases [Abstract] |
Leases: Lessee | 17. Leases Following are components of our lease cost:
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
| (In millions)
Operating leases | $ | 71 |  |  | $ | 62 |  |  | $ | 60 |
Short-term and variable leases | 127 |  |  | 101 |  |  | 109 |
Total lease cost | $ | 198 |  |  | $ | 163 |  |  | $ | 169 |
Other information related to our operating leases are as follows:
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
| (In millions, except lease term and discount rate)
Operating cash flows from operating leases | $ | (157) |  |  | $ | (132) |  |  | $ | (137) |
Investing cash flows from operating leases | (41) |  |  | (31) |  |  | (32) |
ROU assets obtained in exchange for operating lease obligations, net of retirements | 56 |  |  | 22 |  |  | 59 |
Amortization of ROU assets | 58 |  |  | 50 |  |  | 47 |
Weighted average remaining lease term | 8.72 years |  | 9.8 years |  | 10.39 years
Weighted average discount rate | 4.59 | % |  | 4.26 | % |  | 3.95 | %
Amounts recognized in the accompanying consolidated balance sheets are as follows:
|  | December 31,
Lease Activity(a) | Balance sheet location | 2023 |  | 2022
|  | (In millions)
ROU assets | Deferred charges and other assets | $ | 285 |  |  | $ | 287 |
Short-term lease liability | Other current liabilities | 55 |  |  | 47 |
Long-term lease liability | Other long-term liabilities and deferred credits | 230 |  |  | 240 |
(a)We have immaterial financing leases recorded as of December 31, 2023 and 2022. Operating lease liabilities under non-cancellable leases (excluding short-term leases) as of December 31, 2023 are as follows:
Year | Commitment
| (In millions)
2024 | $ | 67 |
2025 | 56 |
2026 | 40 |
2027 | 33 |
2028 | 25 |
Thereafter | 145 |
Total lease payments | 366 |
Less: Interest | (81) |
Present value of lease liabilities | $ | 285 |
Short-term lease costs are not material to us and are anticipated to be similar to the current year short-term lease expense outlined in this disclosure.

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 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
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration