Leases (Tables)

6 Months Ended

Jun. 30, 2022

The components of lease cost and rent expense for the three and six months ended June 30, 2022 and 2021 are as follows (in millions):

	Three Months Ended June 30,						Six Months Ended June 30,
Lease Cost	2022			2021			2022			2021
Operating lease cost:
Operating lease cost	$	53		$	50		$	104		$	99
Short-term rent expense		21			23			44			47
Variable lease cost		5			6			9			12
Sublease income		(1	)		(1	)		(2	)		(2	)
Total operating lease cost	$	78		$	78		$	155		$	156
Finance lease cost:
Amortization of right-of-use assets	$	4		$	1		$	7		$	4
Interest on finance lease liabilities		4			2			8			3
Total finance lease cost	$	8		$	3		$	15		$	7

Supplemental balance sheet information related to leases is as follows (in millions):

	Balance Sheet Classification	June 30, 2022			December 31, 2021
Operating Leases:
Operating lease right-of-use assets	Other assets, net	$	709		$	668

Finance Leases:
Finance lease right-of-use assets	Property and equipment
	Land and improvements	$	8		$	8
	Buildings and improvements		326			289
	Equipment and fixtures		12			17
	Property and equipment		346			314
	Less accumulated depreciation and amortization		(60	)		(54	)
	Property and equipment, net	$	286		$	260

Current finance lease liabilities	Current maturities of long-term debt	$	3		$	8
Long-term finance lease liabilities	Long-term debt		268			233

Supplemental cash flow information related to leases for the six months ended June 30, 2022 and 2021 is as follows (in millions):

	Six Months Ended June 30,
Cash flow information	2022		2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases ⁽¹⁾	$	101	$	102
Operating cash flows from finance leases		8		3
Financing cash flows from finance leases		8		3
Right-of-use assets obtained in exchange for new finance lease liabilities		42		15
Right-of-use assets obtained in exchange for new operating lease liabilities		92		36

(1)Included in the change in other operating assets and liabilities in the condensed consolidated statements of cash flows.