Leases (Tables)

9 Months Ended

Sep. 30, 2022

Leases [Abstract]

Schedule of Lease Cost and Additional Information

The following table provides additional information about the Company’s property leases:

	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2022		2021		2022		2021
Lease Cost:
Operating lease cost (a)	$	84	$	93	$	262	$	282
Short-term lease cost	1		1		3		4
Variable lease cost	35		38		99		101
Sublease income	(3)		(3)		(12)		(16)
Net lease cost	$	117	$	129	$	352	$	371
Other information:
Operating cash outflows from operating leases					$	286	$	310
Right of use assets obtained in exchange for new operating lease liabilities					$	148	$	282
Weighted-average remaining lease term – real estate					8.4 years		9.0 years
Weighted-average discount rate – real estate leases					2.87%		2.75%

(a) Excludes ROU asset impairment charges.

Schedule of Future Minimum Lease Payments for Operating Leases

Future minimum lease payments for the Company’s operating leases as of September 30, 2022 are as follows:

Payment Dates (In millions)	Real Estate Leases
Remainder of 2022	$	90
2023	341
2024	302
2025	272
2026	250
2027	216
Subsequent years	690
Total future lease payments	2,161
Less: Imputed interest	(243)
Total	$	1,918
Current lease liabilities	$	298
Long-term lease liabilities	1,620
Total lease liabilities	$	1,918

Note: The table excludes obligations for leases with original terms of 12 months or less which have not been recognized as a ROU asset or liability in the consolidated balance sheets.