Leases

12 Months Ended

Dec. 31, 2022

The following table presents the balances for operating and finance ROU assets and lease liabilities:


Leases	Balance Sheet Classification	December 31, 2022		December 31, 2021
		(in millions)
Assets
Operating lease assets	Other assets	$	268	$	291
Finance lease assets	Other assets	28		38
Total lease assets		$	296	$	329

Liabilities
Operating lease liabilities	Other liabilities	$	317	$	341
Finance lease liabilities	Long-term debt	30		40
Total lease liabilities		$	347	$	381

The following table presents the components of lease cost:


		Years Ended December 31,
Lease Cost	Income Statement Classification	2022		2021		2020
		(in millions)
Operating lease cost	General and administrative expense	$	61	$	57	$	57
Finance lease cost:
Amortization of ROU assets	General and administrative expense	10		13		10
Interest on lease liabilities	Interest and debt expense	1		2		2
Total lease cost		$	72	$	72	$	69

The following table presents the weighted-average lease term and weighted-average discount rate related to operating and finance leases:


	December 31, 2022				December 31, 2021
Lease Term and Discount Rate	Finance Leases		Operating Leases		Finance Leases		Operating Leases
Weighted-average remaining lease term (years)	2.8		6.7		3.8		7.2
Weighted-average discount rate	3.4	%	2.1	%	3.4	%	2.1	%

The following table presents supplemental cash flow information related to operating and finance leases:


	Years Ended December 31,
Supplemental Cash Flow Information	2022		2021		2020
	(in millions)
Operating cash flows:
Cash paid for amounts included in measurement of operating lease liabilities	$	65	$	50	$	65
Cash paid for amounts included in measurement of finance lease liabilities	1		2		2
Financing cash flows:
Cash paid for amounts included in measurement of finance lease liabilities	$	10	$	9	$	12

The following table presents the maturities of lease liabilities:


Maturity of Lease Liabilities	December 31, 2022
	Finance Leases		Operating Leases
	(in millions)
2023	$	11	$	69
2024	11		58
2025	10		51
2026	—		45
2027	—		34
Thereafter	—		81
Total lease payments	32		338
Less: interest	2		21
Present value of lease liabilities	$	30	$	317