Leases (Tables)

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Schedule of lease cost and additional information

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

For the Years Ended December 31, (In millions, except weighted average data)	2022			2021
Lease Cost:
Operating lease cost (a)	$	343		$	374
Short-term lease cost	4			4
Variable lease cost	133			144
Sublease income	(17)			(20)
Net lease cost	$	463		$	502
Other information:
Operating cash outflows from operating leases	$	380		$	412
Right of use assets obtained in exchange for new operating lease liabilities	$	196		$	348
Weighted-average remaining lease term – real estate	8.37 years			8.87 years
Weighted-average discount rate – real estate leases	2.90		%	2.72		%

(a) Excludes ROU asset impairment charges.

Schedule of future minimum lease payments

Future minimum lease payments for the Company’s operating leases as of December 31, 2022 are as follows:

(In millions)	Real Estate Leases
2023	$	362
2024	324
2025	291
2026	268
2027	232
Subsequent years	751
Total future lease payments	2,228
Less: imputed interest	(251)
Total	$	1,977
Current lease liabilities	$	310
Long-term lease liabilities	1,667
Total lease liabilities	$	1,977

Note: The above 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.