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Leases | 12 Months Ended
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Dec. 31, 2023
Leases |
Leases |
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, 2022 and 2023 is as follows:
|  | As of December 31, |
|  | 2022 |  |  | 2023 |
|  | (RMB in millions) |
Operating lease ROU assets |  |  | 22,267 |  |  |  | 20,863 |
Operating lease liabilities-current |  |  | 7,688 |  |  |  | 7,755 |
Operating lease liabilities-non-current |  |  | 14,978 |  |  |  | 13,676 |
Total operating lease liabilities |  |  | 22,666 |  |  |  | 21,431 |
Weighted average remaining lease term |  |  | 5.4 years |  |  |  | 5.4 years |
Weighted average discount rate |  |  | 5.0 | % |  |  | 4.7 | %
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, |
|  | 2021 |  |  | 2022 |  |  | 2023 |
|  | (RMB in millions) |
Operating lease cost |  |  | 6,763 |  |  |  | 7,951 |  |  |  | 8,917 |
Short-term lease cost |  |  | 2,782 |  |  |  | 3,181 |  |  |  | 3,358 |
Total |  |  | 9,545 |  |  |  | 11,132 |  |  |  | 12,275 |
Cash paid for operating leases |  |  | 6,715 |  |  |  | 7,915 |  |  |  | 9,086 |
A summary of maturity of operating lease liabilities under the Group’s non-cancelable operating leases as of December 31, 2023 is as follows:
|  | As of December 31, 2023 |
|  | (RMB in millions) |
2024 |  |  | 8,111 |
2025 |  |  | 5,029 |
2026 |  |  | 3,039 |
2027 |  |  | 1,943 |
2028 |  |  | 1,515 |
2029 and thereafter |  |  | 5,467 |
Total lease payments |  |  | 25,104 |
Less: interest |  |  | (3,673 | )
Present value of operating lease liabilities |  |  | 21,431 |
As of December 31, 2023, the Group has no significant lease contract that has been entered into but not yet commenced.

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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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