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LEASES
12 Months Ended
Dec. 31, 2022
Lessee Disclosure [Abstract]  
LEASES
11.
LEASES
The Company has operating leases primarily for office and operation space. The Company’s operating lease arrangements have remaining lease terms of one to ten years.
Operating lease costs were RMB439 million and RMB416 million for the years ended December 31, 2021 and 2022, respectively.
Supplemental cash flow information related to leases were as follows (RMB in millions):
 
 
  
2021
 
  
2022
 
Cash paid for the rentals included in the lease liabilities

     507        436  
Right-of-use
assets obtained in exchange for operating lease liabilities
     455        520  
As of December 31, 2021 and 2022, supplemental consolidated balance sheet information related to leases were as follows (RMB in
millions):
 
 
  
2021
 
 
2022
 
Right-of-use
assets
     777       819  
Current lease liabilities included within Other payables and accruals
     363       274  
Long-term lease liabilities
     400       534  
    
 
 
   
 
 
 
Total lease liabilities
     763       808  
    
 
 
   
 
 
 
Weighted average remaining lease term
     2
 
years
     
y
ears
 
Weighted average discount rate
     5.4     4.4
Maturities of lease liabilities are as follows (RMB in millions):
 
 
  
As of December 31,2022
 
2023
     348  
2024
     174  
2025
     94  
2026
     71  
2027
     35  
Thereafter
 
 
197
 
    
 
 
 
Total operating lease payments
     919  
Less: imputed interest
     (111 )
 
    
 
 
 
Total
     808  
    
 
 
 
As of December 31, 2021, and 2022, the operating lease arrangements of the Company, primarily for offices premises, that have not yet commenced is immaterial. For the years ended December 31, 2021 and 2022, the variable lease costs, short-term lease costs and
sub-lease
income are immaterial.