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Leases (Tables)

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Summary of Lease Assets and Liabilities

Lease assets and liabilities are summarized as follows:


		December 31.
(in millions)		2022				2021				Classification
Assets
Operating lease assets		$	248			$	249			Operating lease assets
Finance lease assets			3				2			Other assets
Total lease assets		$	251			$	251

Liabilities
Operating lease liabilities		$	269			$	274			Operating lease liabilities
Finance lease liabilities			3				3			Notes and contracts payable
Total lease liabilities		$	272			$	277

Summary of Components of Lease Expense

The components of lease expense are summarized as follows:


		Year ended December 31.
(in millions)		2022				2021				2020				Classification
Operating lease cost		$	93			$	86			$	89			Other operating expenses
Finance lease cost:
Amortization of lease assets			2				2				2			Depreciation and amortization
Variable lease cost			34				31				32			Other operating expenses
Short-term lease cost			3				2				1			Other operating expenses
Sublease income			(1	)			(3	)			(3	)		Information and other
Net lease cost		$	131			$	118			$	121

Schedule of Future Minimum Lease Payments Under Operating and Finance Lease with Noncancelable Lease Terms

Future minimum lease payments under operating and finance leases with noncancelable lease terms, as of December 31, 2022, are summarized as follows:


(in millions)		Operating Leases				Finance Leases				Total
2023		$	86			$	1			$	87
2024			71				1				72
2025			55				1				56
2026			38				—				38
2027			21				—				21
Thereafter			17				—				17
Total lease payments			288				3				291
Interest			(19	)			—				(19	)
Present value of lease liabilities		$	269			$	3			$	272

Schedule of Information Related to Lease Terms and Discount Rate

Information related to lease terms and discount rates is summarized as follows:


		December 31,
		2022				2021
Weighted-average remaining lease terms (years):
Operating leases			4				4
Finance leases			2				2
Weighted-average discount rates:
Operating leases			3.34	%			3.40	%
Finance leases			3.23	%			3.96	%

Schedule of Cash Flow Information Related to Lease Liabilities

Cash flow information related to lease liabilities is summarized as follows:


		Year ended December 31,
(in millions)		2022				2021				2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases		$	96			$	90			$	93
Financing cash flows from finance leases		$	2			$	2			$	2
Operating lease assets obtained in exchange for new operating lease liabilities		$	66			$	59			$	54
Finance lease assets obtained in exchange for new finance lease liabilities		$	3			$	—			$	1