Leases

12 Months Ended

Dec. 31, 2021

18. Leases

The Group has operating leases for warehouses, stores, office spaces, delivery centers and other corporate assets that the Group utilizes under lease arrangements.

A summary of supplemental information related to operating leases as of December 31, 2020 and 2021 is as follows:


	As of December 31,
	2020			2021

	(RMB in millions)
Operating lease ROU assets		15,484			19,987
Operating lease liabilities-current		5,513			6,665
Operating lease liabilities-non-current		10,250			13,721

Total operating lease liabilities		15,763			20,386

Weighted average remaining lease term		4.8 years			5.6 years
Weighted average discount rate		5.0	%		5.0	%

A summary of lease cost recognized in the Group’s consolidated statements of operations and comprehensive income/(loss) and supplemental cash flow information related to operating leases is as follows:


	For the year ended December 31,
	2019	2020		2021

	(RMB in millions)
Operating lease cost	3,377		4,903		6,763
Short-term lease cost	1,213		1,902		2,782

Total	4,590		6,805		9,545

Cash paid for operating leases	3,461		4,801		6,715

A summary of maturity of operating lease liabilities under the Group’s

non-cancelable

operating leases as of December 31, 2021 is as follows:


	As of December 31, 2021
	(RMB in millions)
2022		6,778
2023		4,807
2024		3,338
2025		2,292
2026		1,504
2027 and thereafter		4,843

Total lease payments		23,562
Less: interest		(3,176	)

Present value of operating lease liabilities		20,386

As of December 31, 2021, the Group has no significant lease contract that has been entered into but not yet commenced.