Leases (Tables)

6 Months Ended

Jun. 30, 2023

Leases [Abstract]

Schedule of Lease Cost and Additional Information

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

	Three Months Ended June 30,				Six Months Ended June 30,
(In millions)	2023		2022		2023		2022
Lease Cost:
Operating lease cost (a)	$	81	$	88	$	161	$	178
Short-term lease cost	2		1		3		2
Variable lease cost	26		30		63		64
Sublease income	(2)		(4)		(6)		(9)
Net lease cost	$	107	$	115	$	221	$	235
Other information:
Operating cash outflows from operating leases					$	189	$	194
Right of use assets obtained in exchange for new operating lease liabilities					$	121	$	114
Weighted-average remaining lease term – real estate					8.3 years		8.6 years
Weighted-average discount rate – real estate leases					3.21%		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 June 30, 2023 are as follows:

(In millions)	Real Estate Leases
Remainder of 2023	$	186
2024	347
2025	317
2026	295
2027	259
2028	186
Subsequent years	690
Total future lease payments	2,280
Less: Imputed interest	(272)
Total	$	2,008
Current lease liabilities	$	309
Long-term lease liabilities	1,699
Total lease liabilities	$	2,008

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