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Leases, Codification Topic 842 (Tables) | 12 Months Ended
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Dec. 31, 2022
Leases [Abstract] |
Lease, Cost | The components of lease costs were as follows:
|  | Year Ended December 31,
(in millions) |  | 2022 |  | 2021 |  | 2020
Finance Lease Costs: |  |  |  |  |  |
Amortization of right of use assets |  | $ | 10 |  |  | $ | 10 |  |  | $ | 8 |
Interest on lease liabilities |  | 1 |  |  | 1 |  |  | 1 |
Total Finance Lease Costs |  | $ | 11 |  |  | $ | 11 |  |  | $ | 9 |
Operating lease costs: |  |  |  |  |  |
Base rent |  | $ | 79 |  |  | $ | 85 |  |  | $ | 95 |
Short-term lease costs |  | 4 |  |  | 4 |  |  | 5 |
Variable lease costs(1) |  | 24 |  |  | 23 |  |  | 26 |
Sublease income |  | (1) |  |  | (1) |  |  | (3) |
Total Operating Lease Costs |  | $ | 106 |  |  | $ | 111 |  |  | $ | 123 |
__________ (1)Primarily related to taxes, insurance and common area and other maintenance costs for real estate leases.
Lessee, Operating Lease, Disclosure | Supplemental cash flow information related to leases was as follows:
|  | Year Ended December 31,
(in millions) |  | 2022 |  | 2021 |  | 2020
Cash paid for the amounts included in the measurement of lease liabilities: |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 93 |  |  | $ | 99 |  |  | $ | 117 |
Operating cash flows from finance leases |  | 1 |  |  | 1 |  |  | 1 |
Total Cash Flow from Operating Activities |  | $ | 94 |  |  | $ | 100 |  |  | $ | 118 |
Financing cash flow from finance leases |  | $ | 10 |  |  | $ | 9 |  |  | $ | 11 |
Supplemental non-cash information on right of use assets obtained in exchange for new lease obligations: |  |  |  |  |  |
Operating leases |  | $ | 43 |  |  | $ | 68 |  |  | $ | 73 |
Finance leases |  | $ | 14 |  |  | $ | 5 |  |  | $ | 14 |
Supplemental balance sheet information related to leases was as follows:
|  | December 31,
(in millions) |  | 2022 |  | 2021
Operating lease assets: |  |  |  |
Operating lease right-of-use assets |  | $ | 197 |  |  | $ | 231 |
Operating lease liabilities: |  |  |  |
Other current liabilities |  | $ | 57 |  |  | $ | 71 |
Operating lease liabilities |  | 160 |  |  | 184 |
Total Operating Lease Liabilities |  | $ | 217 |  |  | $ | 255 |
Finance lease assets: |  |  |  |
Land, buildings and equipment, net |  | $ | 19 |  |  | $ | 17 |
Finance lease liabilities: |  |  |  |
Current portion of long-term debt |  | $ | 10 |  |  | $ | 8 |
Long-term debt |  | 10 |  |  | 8 |
Total Finance Lease Liabilities |  | $ | 20 |  |  | $ | 16 |
The weighted average discount rates and weighted average remaining lease terms for operating and finance leases as of December 31, 2022 and 2021 were as follows:
| December 31, 2022 |  | December 31, 2021
| Operating Leases |  | Finance Leases |  | Operating Leases |  | Finance Leases
Weighted average discount rates | 6.3 | % |  | 7.0 | % |  | 5.8 | % |  | 5.0 | %
Weighted average remaining lease term (in years) | 4 |  | 2 |  | 5 |  | 3
Finance Lease, Liability, Maturity | Maturities of operating and finance lease liabilities as of December 31, 2022 were as follows:
|  | December 31, 2022
(in millions) |  | Operating Lease Payments |  | Finance Lease Payments
2023 |  | $ | 68 |  |  | $ | 11 |
2024 |  | 56 |  |  | 6 |
2025 |  | 46 |  |  | 2 |
2026 |  | 35 |  |  | 1 |
2027 |  | 25 |  |  | 1 |
Thereafter |  | 20 |  |  | — |
Total undiscounted lease payments |  | 250 |  |  | 21 |
Less imputed interest |  | 33 |  |  | 1 |
Present value of lease liabilities |  | $ | 217 |  |  | $ | 20 |
As of December 31, 2022, the Company had entered into additional operating lease agreements for real estate and equipment totaling $4 million and an additional finance lease agreement for equipment of $5 million, which have not commenced and have not been recognized on the Company's Consolidated Balance Sheet. The leases are expected to commence in 2023 with average lease terms of 4 years and 5 years, respectively.

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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980 + Details
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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 + Details
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