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Leases (Tables)
 12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Schedule of Lease-related Assets And Liabilities Recorded on the Balance Sheet
The table below presents the lease-related assets and liabilities recorded on the balance sheet at December 31:
In millions, except weighted average calculationsClassification on the Balance Sheet20232022
Assets  
Operating lease assetsRight of use assets - operating lease, net$9 $13 
Finance lease assetsProperty and equipment, net156 149 
Total lease assets $165 $162 
   
Liabilities  
Current  
OperatingCurrent portion of operating lease liability$6 $8 
FinanceCurrent portion of finance lease liability66 67 
Non current  
OperatingOperating lease liability6 10 
FinanceFinance lease liability63 54 
Total lease liabilities $141 $139 
   
Weighted-average remaining lease term  
Operating leases 2.16 years2.37 years
Finance leases 2.06 years2.03 years
Weighted-average discount rate  
Operating leases(1)
 5.00 %5.00 %
Finance leases 6.28 %4.97 %
(1) Upon adoption of the new lease standard, discount rates used for existing leases were established based on the Company's incremental borrowing rate at January 1, 2019. For new leases entered after January 1, 2019, the discount rate was determined based on the Company's incremental borrowing rate at lease commencement.
Schedule of Lease Costs
The table below presents certain information related to the lease costs for finance and operating leases recognized in the Company's consolidated statements of income for the years ended December 31:
In millions202320222021
Finance lease cost 
Depreciation of leased assets$68 $69 $78 
Interest of lease liabilities7 5 6 
Operating lease cost7 12 17 
Sub-lease income from real estate properties owned and leased(5)(5)(5)
Total lease cost$77 $81 $96 
The table below presents supplemental cash flow information related to cash paid for amounts included in the measurement of lease liabilities for the year ended December 31:
In millions20232022
Operating cash flows for operating leases$9 $15 
Operating cash flows for finance leases$7 $5 
Financing cash flows for finance leases$82 $86 
Schedule of Undiscounted Cash Flows, Finance Lease Liability
The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the finance lease liabilities and operating lease liabilities recorded on the balance sheet at December 31, 2023:
In millionsOperating LeasesFinance Leases
2024$8 $72 
20254 50 
20262 16 
2027— — 
2028— — 
Thereafter— — 
Total minimum lease payments14 138 
Less: amount of lease payments representing interest(2)(9)
Present value of future minimum lease payments12 129 
Less: current obligations under leases(6)(66)
Long-term lease obligations$6 $63 
The table below provides the undiscounted cash flows for the Company's finance lease liabilities and operating lease obligations as of December 31, 2022:
In millionsOperating LeasesFinance Leases
2023$11 $72 
20248 39 
20253 17 
20261 — 
2027— — 
Thereafter— — 
Total minimum lease payments23 128 
Less: amount of lease payments representing interest(5)(7)
Present value of future minimum lease payments18 121 
Less: current obligations under leases(8)(67)
Long-term lease obligations$10 $54 
Schedule of Undiscounted Cash Flows, Operating Lease Liability
The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the finance lease liabilities and operating lease liabilities recorded on the balance sheet at December 31, 2023:
In millionsOperating LeasesFinance Leases
2024$8 $72 
20254 50 
20262 16 
2027— — 
2028— — 
Thereafter— — 
Total minimum lease payments14 138 
Less: amount of lease payments representing interest(2)(9)
Present value of future minimum lease payments12 129 
Less: current obligations under leases(6)(66)
Long-term lease obligations$6 $63 
The table below provides the undiscounted cash flows for the Company's finance lease liabilities and operating lease obligations as of December 31, 2022:
In millionsOperating LeasesFinance Leases
2023$11 $72 
20248 39 
20253 17 
20261 — 
2027— — 
Thereafter— — 
Total minimum lease payments23 128 
Less: amount of lease payments representing interest(5)(7)
Present value of future minimum lease payments18 121 
Less: current obligations under leases(8)(67)
Long-term lease obligations$10 $54 
Schedule of Rental Revenue
The following table includes rental revenue for the years ended December 31:
In millions202320222021
Rental revenue*$216 $191 $162 
*Rental revenue includes hardware maintenance.
Schedule of Estimated Rental Revenue Expected to be Recognized in the Future
The following table includes estimated rental revenue expected to be recognized in the future based on executed contracts at December 31, 2023:
In millionsRental Revenue
2024$180 
2025110 
2026-2766 
Total$356