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Leases (Tables) | 12 Months Ended
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Dec. 31, 2023
Leases [Abstract] |
Lease, Cost [Table Text Block] | 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.
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | 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 |

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- 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
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- References No definition available. + Details
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- 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
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