LEASES (Tables)

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Operating and finance leases

The Company recognized the following related to its leases in its Consolidated Balance Sheets (in millions):

		December 31,
	Classification in Consolidated Balance Sheets	2022		2021
Operating lease assets	Operating lease assets	$	645	$	496
Operating lease liabilities:
Current operating lease liabilities	Accrued expenses and other current liabilities	$	125	$	143
Non-current operating lease liabilities	Operating lease liabilities	552		351
Total operating lease liabilities		$	677	$	494

		December 31,
	Classification in Consolidated Balance Sheets	2022		2021
Finance lease assets	Property and equipment, net	$	52	$	10
Finance lease liabilities:
Current finance lease liabilities	Accrued expenses and other current liabilities	$	21	$	4
Non-current finance lease liabilities	Other long-term liabilities	32		6
Total finance lease liabilities		$	53	$	10

Lease cost

The Company recognized the following costs related to its leases in its Consolidated Statements of Operations (in millions):

		Year Ended December 31,
	Classification in Consolidated Statements of Operations	2022		2021		2020
Finance lease cost	Depreciation and amortization	$	9	$	3	$	1
Operating lease cost	General and administrative and Information technology	160		185		194
Variable lease cost	General and administrative and Information technology	45		46		46
Less: Sublease income	General and administrative	(5)		(3)		(2)
Total lease cost, net of sublease income		$	209	$	231	$	239

Lease maturities

As of December 31, 2022, the future lease payments for operating and finance leases are as follows (in millions):

	Operating Leases		Finance Leases
2023	$	143	$	21
2024	110		20
2025	92		13
2026	65		—
2027	54		—
Thereafter	349		—
Total remaining lease payments	813		54
Less: Imputed interest	(136)		(1)
Total lease liabilities	$	677	$	53

Lease supplemental cash flow information

Supplemental cash flow information related to operating and finance leases is as follows (in millions):

	Year Ended December 31,
	2022		2021		2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	175	$	186	$	200
Financing cash flows from finance leases	9		2		1
Operating lease assets obtained in exchange for new operating lease liabilities	392		162		67
Finance lease assets obtained in exchange for new finance lease liabilities	50		8		5

Lease term and discount rate

At December 31, 2022 and 2021 the weighted-average lease term and discount rate for operating and finance leases are as follows:

	December 31,
	2022		2021
Operating leases:
Weighted-average remaining lease term	9.8 years		8.4 years
Weighted-average discount rate	3.2	%	2.0	%
Finance leases:
Weighted-average remaining lease term	2.7 years		2.7 years
Weighted-average discount rate	2.0	%	0.7	%