Leases

12 Months Ended

Dec. 31, 2022

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, 2021 and 2022 is as follows:


	As of December 31,
	2021			2022

	(RMB in millions)
Operating lease ROU assets		19,987			22,267
Operating lease liabilities-current		6,665			7,688
Operating lease liabilities-non-current		13,721			14,978

Total operating lease liabilities		20,386			22,666

Weighted average remaining lease term		5.6 years			5.4 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,
	2020		2021		2022

	(RMB in millions)
Operating lease cost		4,903		6,763		7,951
Short-term lease cost		1,902		2,782		3,181

Total		6,805		9,545		11,132

Cash paid for operating leases		4,801		6,715		7,915

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

non-cancelable

operating leases as of December 31, 2022 is as follows:


	As of December 31, 2022
	(RMB in millions)
2023		7,885
2024		5,322
2025		3,417
2026		2,278
2027		1,633
2028 and thereafter		5,298

Total lease payments		25,833
Less: interest		(3,167	)

Present value of operating lease liabilities		22,666

As of December 31, 2022, the Group has no significant lease contract that has been entered into but not yet commenced.