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Leases (Tables)
 6 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Schedule of Assets and Liabilities, Lessee
Operating and financing lease right-of-use assets and lease liabilities as of June 30, 2024 and December 31, 2023 were as follows (in millions):
June 30,December 31,
20242023
Assets:
Right-of-use assets, operating, net(1) (2)
$775 $713 
Right-of-use assets, financing, net(3) (4)
430 436 
Total$1,205 $1,149 
Liabilities:
Current:
Operating lease liabilities(5)
$25 $25 
Total current lease liabilities25 25 
Non-current:
Operating lease liabilities, non-current668 643 
Financing lease liabilities, non-current576 575 
Total non-current lease liabilities1,244 1,218 
Total$1,269 $1,243 
_______
(1)These assets are real estate related assets, which include land, office, and laboratory spaces.
(2)Net of accumulated amortization.
(3)These assets are real estate assets related to the MTC leases.
(4)Included in property, plant and equipment in the condensed consolidated balance sheets, net of accumulated depreciation.
(5)Included in other current liabilities in the condensed consolidated balance sheets.
Schedule of Finance Lease Maturity
Future minimum lease payments under our non-cancelable lease agreements as of June 30, 2024, were as follows (in millions):
Fiscal Year
Operating Leases
Financing Leases(1)
2024(remainder of the year)$38 $9 
202569 22 
202670 22 
202775 23 
202876 23 
Thereafter833 1,074 
Total minimum lease payments
1,161 1,173 
Less amounts representing interest or imputed interest(468)(597)
Present value of lease liabilities
$693 $576 
______
(1)Includes certain optional lease term extensions, predominantly related to the MTC leases, which represent a total of $668 million of undiscounted future lease payments.
Schedule of Operating Lease Maturity
Future minimum lease payments under our non-cancelable lease agreements as of June 30, 2024, were as follows (in millions):
Fiscal Year
Operating Leases
Financing Leases(1)
2024(remainder of the year)$38 $9 
202569 22 
202670 22 
202775 23 
202876 23 
Thereafter833 1,074 
Total minimum lease payments
1,161 1,173 
Less amounts representing interest or imputed interest(468)(597)
Present value of lease liabilities
$693 $576 
______
(1)Includes certain optional lease term extensions, predominantly related to the MTC leases, which represent a total of $668 million of undiscounted future lease payments.