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Leases (Tables)

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Schedule of Components of Leases

Components of leases are as follows (in millions):

		December 31,
		2022				2021
Current portion of lease liabilities:
Operating		$	67			$	76
Financing			20				23
Total		$	87			$	99
		December 31,
		2022				2021
Long-term portion of lease liability:
Operating		$	334			$	357
Financing			215				219
Total		$	549			$	576

Components of Lease Expense

Components of lease expense were as follows (in millions):

		Year Ended
		December 31, 2022				December 31, 2021
Lease cost
Finance lease cost
Amortization of right-of-use assets		$	24			$	26
Interest on lease liabilities			9				10
Operating lease cost			73				83
Short-term lease cost			90				74
Sub-lease income			(8	)			(9	)
Total		$	188			$	184

Schedule of Supplemental information Related to Leases

Supplemental information related to the Company’s leases is as follows (in millions):

		Years Ended
		December 31, 2022				December 31, 2021
Other information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows - finance leases		$	9			$	10
Operating cash flows - operating leases			73				83
Financing cash flows - finance leases			24				26
Right-of-use assets obtained in exchange for new:
Operating lease liabilities		$	57			$	37
Finance lease liabilities			19				9
Weighted average remaining lease term at December 31, 2022:
Operating leases		10 years				11 years
Finance leases		17 years				18 years
Weighted average discount rate at December 31, 2022:
Operating leases			4.74	%			4.74	%
Finance leases			3.95	%			3.86	%

Future Minimum Lease Commitments for Leases with Initial or Remaining Terms of One Year or More

Future minimum lease commitments for leases with initial or remaining terms of one year or more at December 31, 2022, are payable as follows (in millions):

		Operating				Finance
2023		$	85			$	30
2024			72				27
2025			60				24
2026			49				20
2027			39				17
Thereafter			197				200
Total lease payments			502				318
Less: Interest			(101	)			(83	)
Present value of lease liabilities		$	401			$	235

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Tabular disclosure of components of leases.

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- Definition

Tabular disclosure of contractual obligation by timing of payment due. Includes, but is not limited to, long-term debt obligation, lease obligation, and purchase obligation.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher SEC
-Name Regulation S-K (SK)
-Number 229
-Section 303
-Paragraph (a)
-Subparagraph (5)

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- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918686-209980

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