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Leases
 12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Leases LEASESWe have entered into non-cancellable operating and finance leases for fulfillment network, data center, office, and physical store facilities as well as server and networking equipment, aircraft, and vehicles. Gross assets acquired under finance leases, including those where title transfers at the end of the lease, are recorded in “Property and equipment, net” and were $68.0 billion and $62.5 billion as of December 31, 2022 and 2023. Accumulated amortization associated with finance leases was $45.2 billion and $44.7 billion as of December 31, 2022 and 2023.
Lease cost recognized in our consolidated statements of operations is summarized as follows (in millions):
 Year Ended December 31,
202120222023
Operating lease cost$7,199 $8,847 $10,550 
Finance lease cost:
Amortization of lease assets9,857 6,097 5,899 
Interest on lease liabilities473 361 304 
Finance lease cost10,330 6,458 6,203 
Variable lease cost1,556 1,852 2,165 
Total lease cost$19,085 $17,157 $18,918 
Other information about lease amounts recognized in our consolidated financial statements is as follows:
 December 31, 2022December 31, 2023
 
Weighted-average remaining lease term – operating leases11.6 years11.3 years
Weighted-average remaining lease term – finance leases10.3 years11.9 years
Weighted-average discount rate – operating leases2.8 %3.3 %
Weighted-average discount rate – finance leases2.3 %2.7 %
Our lease liabilities were as follows (in millions):
December 31, 2022
 Operating LeasesFinance LeasesTotal
Gross lease liabilities$81,273 $18,019 $99,292 
Less: imputed interest(12,233)(2,236)(14,469)
Present value of lease liabilities69,040 15,783 84,823 
Less: current portion of lease liabilities(7,458)(4,397)(11,855)
Total long-term lease liabilities$61,582 $11,386 $72,968 
December 31, 2023
 Operating LeasesFinance LeasesTotal
Gross lease liabilities$90,777 $14,106 $104,883 
Less: imputed interest(15,138)(1,997)(17,135)
Present value of lease liabilities75,639 12,109 87,748 
Less: current portion of lease liabilities(8,419)(2,032)(10,451)
Total long-term lease liabilities$67,220 $10,077 $77,297 
Leases LEASES
We have entered into non-cancellable operating and finance leases for fulfillment network, data center, office, and physical store facilities as well as server and networking equipment, aircraft, and vehicles. Gross assets acquired under finance leases, including those where title transfers at the end of the lease, are recorded in “Property and equipment, net” and were $68.0 billion and $62.5 billion as of December 31, 2022 and 2023. Accumulated amortization associated with finance leases was $45.2 billion and $44.7 billion as of December 31, 2022 and 2023.
Lease cost recognized in our consolidated statements of operations is summarized as follows (in millions):
 Year Ended December 31,
202120222023
Operating lease cost$7,199 $8,847 $10,550 
Finance lease cost:
Amortization of lease assets9,857 6,097 5,899 
Interest on lease liabilities473 361 304 
Finance lease cost10,330 6,458 6,203 
Variable lease cost1,556 1,852 2,165 
Total lease cost$19,085 $17,157 $18,918 
Other information about lease amounts recognized in our consolidated financial statements is as follows:
 December 31, 2022December 31, 2023
 
Weighted-average remaining lease term – operating leases11.6 years11.3 years
Weighted-average remaining lease term – finance leases10.3 years11.9 years
Weighted-average discount rate – operating leases2.8 %3.3 %
Weighted-average discount rate – finance leases2.3 %2.7 %
Our lease liabilities were as follows (in millions):
December 31, 2022
 Operating LeasesFinance LeasesTotal
Gross lease liabilities$81,273 $18,019 $99,292 
Less: imputed interest(12,233)(2,236)(14,469)
Present value of lease liabilities69,040 15,783 84,823 
Less: current portion of lease liabilities(7,458)(4,397)(11,855)
Total long-term lease liabilities$61,582 $11,386 $72,968 
December 31, 2023
 Operating LeasesFinance LeasesTotal
Gross lease liabilities$90,777 $14,106 $104,883 
Less: imputed interest(15,138)(1,997)(17,135)
Present value of lease liabilities75,639 12,109 87,748 
Less: current portion of lease liabilities(8,419)(2,032)(10,451)
Total long-term lease liabilities$67,220 $10,077 $77,297