XML 29 R17.htm IDEA: XBRL DOCUMENT v3.25.1
Leases
 3 Months Ended
Mar. 31, 2025
Leases [Abstract]  
Leases Leases
We are the lessee in contracts for our office space tenancies, for leased vehicles, for office space in our flexible workspace solutions business, and for leases of land in our global development business. As it relates to service arrangements, we monitor these types of contracts to evaluate whether they meet the definition of a lease.
 Supplemental balance sheet information related to our leases is as follows (dollars in millions):
CategoryClassificationMarch 31,
2025		December 31,
2024
Assets
Operating (1)
Operating lease assets$1,881 $1,198 
FinancingOther assets, net276 260 
Total leased assets$2,157 $1,458 
Liabilities
Current:
Operating (2)
Operating lease liabilities$274 $200 
FinancingOther current liabilities47 43 
Non-current:
Operating (2)
Non-current operating lease liabilities1,940 1,307 
FinancingOther liabilities132 122 
Total lease liabilities$2,393 $1,672 
________________________________________________________________________________________________________________________________________
(1)Operating lease assets as of March 31, 2025 includes operating lease assets acquired from Industrious.
(2)Current and non-current operating lease liabilities as of March 31, 2025 include operating lease liabilities acquired from Industrious.
Supplemental cash flow information and non-cash activity related to our operating and financing leases are as follows (dollars in millions):
Three Months Ended
March 31,
20252024
Right-of-use assets obtained in exchange for new operating lease liabilities (1)
$725 $27 
Right-of-use assets obtained in exchange for new financing lease liabilities24 16 
Other non-cash (decreases) increases in operating lease right-of-use assets (2)
(3)2 
Other non-cash decreases in financing lease right-of-use assets (2)
(3)(2)
________________________________________________________________________________________________________________________________________
(1)Increase in right-of-use assets obtained in exchange for new operating lease liabilities for the three months ended March 31, 2025 primarily relates to Industrious acquisition.
(2)The non-cash activity in the right-of-use assets resulted from lease modifications/remeasurements and terminations.
Leases Leases
We are the lessee in contracts for our office space tenancies, for leased vehicles, for office space in our flexible workspace solutions business, and for leases of land in our global development business. As it relates to service arrangements, we monitor these types of contracts to evaluate whether they meet the definition of a lease.
 Supplemental balance sheet information related to our leases is as follows (dollars in millions):
CategoryClassificationMarch 31,
2025		December 31,
2024
Assets
Operating (1)
Operating lease assets$1,881 $1,198 
FinancingOther assets, net276 260 
Total leased assets$2,157 $1,458 
Liabilities
Current:
Operating (2)
Operating lease liabilities$274 $200 
FinancingOther current liabilities47 43 
Non-current:
Operating (2)
Non-current operating lease liabilities1,940 1,307 
FinancingOther liabilities132 122 
Total lease liabilities$2,393 $1,672 
________________________________________________________________________________________________________________________________________
(1)Operating lease assets as of March 31, 2025 includes operating lease assets acquired from Industrious.
(2)Current and non-current operating lease liabilities as of March 31, 2025 include operating lease liabilities acquired from Industrious.
Supplemental cash flow information and non-cash activity related to our operating and financing leases are as follows (dollars in millions):
Three Months Ended
March 31,
20252024
Right-of-use assets obtained in exchange for new operating lease liabilities (1)
$725 $27 
Right-of-use assets obtained in exchange for new financing lease liabilities24 16 
Other non-cash (decreases) increases in operating lease right-of-use assets (2)
(3)2 
Other non-cash decreases in financing lease right-of-use assets (2)
(3)(2)
________________________________________________________________________________________________________________________________________
(1)Increase in right-of-use assets obtained in exchange for new operating lease liabilities for the three months ended March 31, 2025 primarily relates to Industrious acquisition.
(2)The non-cash activity in the right-of-use assets resulted from lease modifications/remeasurements and terminations