Leases (Tables)

12 Months Ended

Dec. 31, 2022

Lease-related assets and liabilities recorded on the Consolidated Balance Sheet were as follows:


(in millions)	Balance Sheet location	December 31, 2022		December 31, 2021
Assets
Operating	Operating lease right-of-use assets (net)	$	1,394	$	1,590
Finance	Property and equipment (net of allowance for depreciation and amortization of $634 million and $679 million)	297		556
Total lease assets		$	1,691	$	2,146

Liabilities
Current
Operating	Current operating lease liabilities	$	225	$	239
Finance	Current maturities of long-term debt	42		82
Noncurrent
Operating	Noncurrent operating lease liabilities	1,118		1,315
Finance	Long-term debt less current maturities	147		377
Total lease liabilities		$	1,532	$	2,013

The components of lease costs, included in the Consolidated Statement of Income (Loss), were as follows:


(in millions)	Year ended December 31, 2022		Year ended December 31, 2021		Year ended December 31, 2020
Operating lease cost - aircraft (a)	$	188	$	204	$	216
Operating lease cost - other	84		81		89
Short-term lease cost	2		1		1
Variable lease cost	1,447		1,406		1,260
Amortization of finance lease liabilities	106		112		113
Interest on finance lease liabilities	15		19		22
Total net lease cost	$	1,842	$	1,823	$	1,701

(a) Net of sublease income of $17 million, $41 million, and $78 million for the years ended December 31, 2022, 2021, and 2020.

Supplemental cash flow information related to leases, included in the Consolidated Statement of Cash Flows, was as follows:


(in millions)	Year ended December 31, 2022		Year ended December 31, 2021		Year ended December 31, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	303	$	346	$	398
Operating cash flows for finance leases	16		19		22
Financing cash flows for finance leases	78		83		85
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	58		327		915

The table below presents additional information related to the Company's leases:



Weighted average remaining lease term	December 31, 2022		December 31, 2021
Operating leases	8 years		8 years
Finance leases	6 years		6 years

Weighted average discount rate
Operating leases (a)	3.6	%	3.5	%
Finance leases	3.9	%	3.8	%

As of December 31, 2022, maturities of lease liabilities were as follows:

As of December 31, 2022, maturities of lease liabilities were as follows: