Operating Leases

12 Months Ended

Dec. 31, 2022

The classification of the Company's operating lease ROU assets and liabilities in the consolidated balance sheets as of December 31, 2022 and 2021, is as follows (in millions):


		December 31,
	Classification	2022		2021
Operating lease ROU assets	Other noncurrent assets	$	313	$	462

Operating lease liabilities	Accounts payable, accrued and other liabilities	$	120	$	146
	Other noncurrent liabilities	294		378
Total operating lease liabilities		$	414	$	524

Operating lease cost was $190 million, $159 million and $210 million, and variable lease cost was $35 million, $39 million and $39 million for the years ended December 31, 2022, 2021 and 2020, respectively. Operating lease cost for the year ended December 31, 2022 and 2020, included $58 million and $30 million, respectively, in ROU asset impairment charges. There were no significant ROU asset impairment losses recognized during 2021. Cash paid for amounts included in the measurement of operating lease liabilities included in operating cash flows was $148 million, $165 million and $165 million for the years ended December 31, 2022, 2021 and 2020, respectively. Operating lease ROU assets obtained in exchange for operating lease liabilities was $56 million and $83 million for the years ended December 31, 2022 and 2021, respectively. The weighted average remaining operating lease term was 5.0 years and 5.5 years and the weighted average operating lease discount rate was 2.8% and 3.0% as of December 31, 2022 and 2021, respectively.

Maturities of operating lease liabilities, as of December 31, 2022, are as follows (in millions):


2023	$	118
2024	95
2025	71
2026	59
2027	39
Thereafter	61
Total lease payments	443
Less: Imputed interest	(29)
Total operating lease liabilities	$	414