Lease Commitments (Tables)

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Schedule of Assets And Liabilities Of Lessee

The classification of operating and finance lease asset and liability balances within the Consolidated Statements of Financial Position are as follows (in millions):

As of December 31		2022		2021
Assets
Operating lease assets	Operating lease right-of-use assets	$	699	$	786
Finance lease assets	Other non-current assets	43		63
Total lease assets		$	742	$	849
Liabilities
Current lease liabilities
Operating	Other current liabilities	$	163	$	194
Finance	Other current liabilities	23		19
Non-current lease liabilities
Operating	Non-current operating lease liabilities	693		772
Finance	Other non-current liabilities	28		46
Total lease liabilities		$	907	$	1,031

Schedule of Lease, Cost

The components of lease costs are as follows (in millions):

	Years Ended December 31
	2022		2021
Operating lease cost	$	204	$	217
Finance lease costs
Amortization of leased assets	28		26
Interest on lease liabilities	1		1
Variable lease cost	38		49
Short-term lease cost (1)	11		11
Sublease income	(29)		(31)
Net lease cost	$	253	$	273

(1) Short-term lease cost does not include expenses related to leases with a lease term of one month or less.

Weighted average remaining lease term and discount rate related to operating and finance leases are as follows:

As of December 31	2022		2021
Weighted average remaining lease term (years)
Operating leases	6.7		6.9
Finance leases	2.5		3.6
Weighted average discount rate
Operating leases	3.1	%	2.8	%
Finance leases	1.0	%	1.0	%

Other cash and non-cash related activities are as follows (in millions):

	Years Ended December 31
	2022		2021
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases	$	231	$	244
Financing cash flows for finance leases	$	14	$	23
Non-cash related activities
ROU assets obtained in exchange for new operating lease liabilities	$	110	$	44
ROU assets obtained in exchange for new finance lease liabilities	$	—	$	—
Operating lease ROU asset expense (1)	$	162	$	142
Changes in Non-current operating lease liabilities (1)	$	(79)	$	(125)

(1)The Company has recorded non-cash changes in Operating lease ROU assets and Non-current operating lease liabilities through Other assets and liabilities in Cash flows from operations within the Consolidated Statements of Cash Flows.

Schedule of Lessee Operating Lease Liability Maturity

Maturity analysis of operating and finance leases as of December 31, 2022 are as follows (in millions):

	Operating Leases		Finance Leases		Total
2023	$	175	$	23	$	198
2024	164		18		182
2025	135		10		145
2026	123		—		123
2027	108		—		108
Thereafter	235		—		235
Total undiscounted future minimum lease payments	940		51		991
Less: Imputed interest	(84)		—		(84)
Present value of lease liabilities	$	856	$	51	$	907

Schedule of Finance Lease, Liability, Maturity

Maturity analysis of operating and finance leases as of December 31, 2022 are as follows (in millions):

	Operating Leases		Finance Leases		Total
2023	$	175	$	23	$	198
2024	164		18		182
2025	135		10		145
2026	123		—		123
2027	108		—		108
Thereafter	235		—		235
Total undiscounted future minimum lease payments	940		51		991
Less: Imputed interest	(84)		—		(84)
Present value of lease liabilities	$	856	$	51	$	907