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Leases and Capacity Purchase Agreements (Tables)
 12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Components of Lease Cost The Company's lease cost for the years ended December 31 included the following components (in millions):
202320222021
Operating lease cost$925 $941 $958 
Variable and short-term lease cost3,028 2,603 2,291 
Amortization of finance lease assets52 72 89 
Interest on finance lease liabilities20 13 16 
Sublease income(39)(33)(26)
Total lease cost$3,986 $3,596 $3,328 
Summary of Scheduled Future Minimum Lease Payments under Operating Leases
The table below summarizes the Company's scheduled future minimum lease payments under operating and finance leases, recorded on the balance sheet, as of December 31, 2023 (in millions):
Operating LeasesFinance Leases
2024$813 $183 
2025726 60 
2026706 19 
2027885 9 
2028685 8 
After 20282,942 5 
Minimum lease payments6,757 284 
Imputed interest(1,678)(21)
Present value of minimum lease payments5,079 263 
Less: current maturities of lease obligations(576)(172)
Long-term lease obligations$4,503 $91 
Summary of Scheduled Future Minimum Lease Payments Under Finance Leases
The table below summarizes the Company's scheduled future minimum lease payments under operating and finance leases, recorded on the balance sheet, as of December 31, 2023 (in millions):
Operating LeasesFinance Leases
2024$813 $183 
2025726 60 
2026706 19 
2027885 9 
2028685 8 
After 20282,942 5 
Minimum lease payments6,757 284 
Imputed interest(1,678)(21)
Present value of minimum lease payments5,079 263 
Less: current maturities of lease obligations(576)(172)
Long-term lease obligations$4,503 $91 
Contractual Obligation, Fiscal Year Maturity
The table below presents the Company's contractual payments at December 31, 2023 under then-outstanding sale and leaseback agreements, for transactions that did not qualify as a sale under ASC Topic 606, in each of the next five calendar years (in millions):
Other Financial Liabilities
2024$178 
2025178 
2026178 
2027472 
2028147 
After 20282,090 
3,243 
Imputed interest(921)
Current maturities of other financial liabilities(57)
Other financial liabilities$2,265 
Additional Information Related to Leases The table below presents additional information related to our leases as of December 31:
20232022
Weighted-average remaining lease term - operating leases10 years10 years
Weighted-average remaining lease term - finance leases2 years3 years
Weighted-average remaining lease term - other financial liabilities10 years9 years
Weighted-average discount rate - operating leases5.8 %5.5 %
Weighted-average discount rate - finance leases6.3 %6.4 %
Weighted-average interest rate - other financial liabilities5.3 %6.0 %
Supplemental Cash Flow Information Related to Leases
The table below presents supplemental cash flow information related to leases during the year ended December 31 (in millions):
202320222021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases$874 $919 $977 
Operating cash flows for finance leases21 13 18 
Financing cash flows for finance leases311 124 216 
Future Lease Payment Under Terms of Capacity Purchase Agreement Based on these assumptions as of December 31, 2023, our estimated future payments through the end of the terms of our CPAs are presented in the table below (in billions):
2024$2.4 
20252.1 
20262.1 
20271.6 
20281.3 
After 20284.1 
$13.6