XML 33 R18.htm IDEA: XBRL DOCUMENT v3.22.4
Leases
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Lessee, Operating Leases
NOTE 12: LEASES
Operating lease expense was $475 million, $525 million, and $497 million for 2022, 2021, and 2020, respectively. Finance leases and leases where we are the lessor are not considered significant to our Consolidated Balance Sheet, Consolidated Statement of Operations or Consolidated Statement of Cash Flows.
In 2021 and 2020, we entered into sale and leaseback transactions for the sale of equipment and related maintenance. We subsequently leased back the equipment sold for a limited timeframe, which is accounted for as an operating lease. The proceeds received as a result of the equipment sales are classified in Receipts from customer financing assets within the Investing Activities in our Consolidated Statement of Cash Flows, and the portion related to future maintenance services are classified within Operating Activities. The net gains as a result of these transactions were not material.
Supplemental cash flow information related to operating leases were as follows:
(dollars in millions)202220212020
Operating cash flows used in the measurement of operating lease liabilities$399 $490 $420 
Operating lease right-of-use assets obtained in exchange for operating lease obligations359 535 299 
Future lease payments related to our operating lease liabilities as of December 31, 2022 are as follows:
(dollars in millions)
2023$340 
2024301 
2025265 
2026236 
2027195 
Thereafter735 
Total undiscounted lease payments2,072 
Less imputed interest(130)
Total discounted lease payments$1,942 
Our lease liabilities recognized in our Consolidated Balance Sheet were as follows as of December 31:
(dollars in millions)20222021
Operating lease liabilities, current (included in Other accrued liabilities)$356 $411 
Operating lease liabilities, noncurrent1,586 1,657 
Total operating lease liabilities$1,942 $2,068 
The weighted-average remaining lease term related to our operating leases was 9 years as of December 31, 2022 and 2021. The weighted-average discount rate related to our operating leases was 3.3% and 2.8% as of December 31, 2022 and 2021, respectively.