Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.24.0.1
Leases (Tables)
12 Months Ended
Dec. 31, 2023
Leases  
Summary of components of lease expense

Years ended December 31,

2023

2022

2021

amounts in millions

Finance lease cost

Depreciation of leased assets

$

21

32

35

Interest on lease liabilities

3

5

6

Total finance lease cost

24

37

41

Operating lease cost

71

89

89

Short-term operating lease cost

67

Sublease income

(3)

(3)

(4)

Total lease cost

$

159

123

126

Schedule of remaining weighted-average lease term and weighted-average discount rate

2023

2022

2021

Weighted-average remaining lease term (years):

Finance leases

3.0

24.4

27.7

Operating leases

7.3

8.2

8.4

Weighted-average discount rate:

Finance leases

2.3%

4.5%

4.7%

Operating leases

5.2%

5.3%

5.2%

Supplemental balance sheet information for leases

December 31,

2023

2022

amounts in millions

Operating leases:

Operating lease right-of-use assets (1)

$

315

344

Current operating lease liabilities (2)

$

53

53

Operating lease liabilities (3)

323

349

Total operating lease liabilities

$

376

402

Finance Leases:

Property and equipment, at cost

$

33

491

Accumulated depreciation

(12)

(181)

Property and equipment, net

$

21

310

Current finance lease liabilities (2)

$

5

7

Finance lease liabilities (3)

10

117

Total finance lease liabilities

$

15

124

(1) Included in Other assets in the consolidated balance sheet
(2) Included in Other current liabilities in the consolidated balance sheet
(3) Included in Other liabilities in the consolidated balance sheet

Schedule of cash flow information related to our leases

Years ended December 31,

2023

2022

2021

amounts in millions

Cash paid for amounts included in the measurement of lease liabilities:

Operating cash flows for operating leases

$

84

86

89

Financing cash flows for finance leases

$

7

7

5

Right-of-use assets obtained in exchange for lease obligations:

Operating leases

$

30

17

11

Summary of maturities of our operating leases

Finance leases

Operating leases

amounts in millions

2024

$

4

69

2025

6

72

2026

5

64

2027

59

2028

52

Thereafter

132

Total lease payments

15

448

Less: implied interest

0

72

Present value of lease liabilities

$

15

376

Summary of maturities of our finance leases

Finance leases

Operating leases

amounts in millions

2024

$

4

69

2025

6

72

2026

5

64

2027

59

2028

52

Thereafter

132

Total lease payments

15

448

Less: implied interest

0

72

Present value of lease liabilities

$

15

376