Leases (Tables)

9 Months Ended

Sep. 30, 2022

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

	Three Months Ended September 30,						Nine Months Ended September 30,
Lease Cost	2022			2021			2022			2021
Operating lease cost:
Operating lease cost	$	53		$	49		$	157		$	147
Short-term rent expense		21			22			66			70
Variable lease cost		7			5			16			17
Sublease income		(1	)		(1	)		(3	)		(3	)
Total operating lease cost	$	80		$	75		$	236		$	231
Finance lease cost:
Amortization of right-of-use assets	$	3		$	2		$	10		$	6
Interest on finance lease liabilities		4			2			12			5
Total finance lease cost	$	7		$	4		$	22		$	11

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

	Balance Sheet Classification	September 30, 2022			December 31, 2021
Operating Leases:
Operating lease right-of-use assets	Other assets, net	$	701		$	668

Finance Leases:
Finance lease right-of-use assets	Property and equipment
	Land and improvements	$	8		$	8
	Buildings and improvements		324			289
	Equipment and fixtures		12			17
	Property and equipment		344			314
	Less accumulated depreciation and amortization		(63	)		(54	)
	Property and equipment, net	$	281		$	260

Current finance lease liabilities	Current maturities of long-term debt	$	2		$	8
Long-term finance lease liabilities	Long-term debt		267			233

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

	Nine Months Ended September 30,
Cash flow information	2022		2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases ⁽¹⁾	$	152	$	149
Operating cash flows from finance leases		12		5
Financing cash flows from finance leases		9		4
Right-of-use assets obtained in exchange for new finance lease liabilities		42		46
Right-of-use assets obtained in exchange for new operating lease liabilities		105		118

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