Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Supplemental Balance Sheet Information Related to Leases

The following table presents supplemental balance sheet information related to our operating leases:

	As of December 31,
(in millions)	2023		2022
Assets
Operating lease right-of-use assets in Other long-term assets	$	439	$	386
Liabilities
Operating lease liabilities in Other current liabilities	76		61
Operating lease liabilities in Other long-term liabilities	390		347

Lease, Cost

The following table presents the weighted average remaining lease term and discount rate information related to our operating leases:

	As of December 31,
	2023	2022
Weighted average remaining lease term	9 years	10 years
Weighted average discount rate	4.5%	3.3%

Supplemental Cash Flow Information Related to Leases

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

	Year Ended December 31,
(in millions)	2023		2022
Cash paid for amounts included in the measurement of operating lease liabilities
Operating cash flows from operating leases	$	93	$	91

Maturities of Lease Liabilities

The following table presents the maturities of our operating lease liabilities as of December 31, 2023 (in millions):

Fiscal year	Operating Leases (1)
2024	$	89
2025	78
2026	65
2027	49
2028	41
Thereafter	217
Total future minimum operating lease payments	539
Less: imputed interest	(74)
Present value of operating lease liabilities	$	466

(1) Excludes expected lease payments for lease terms that have not yet commenced.