Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.22.4
Leases (Tables)
12 Months Ended
Dec. 31, 2022
Summary of components of lease expense

Years ended December 31,

2022

2021

2020

amounts in millions

Finance lease cost

Depreciation of leased assets

$

32

35

35

Interest on lease liabilities

5

6

6

Total finance lease cost

37

41

41

Operating lease cost

89

89

93

Sublease income

(3)

(4)

(2)

Total lease cost

$

123

126

132

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

2022

2021

2020

Weighted-average remaining lease term (years):

Finance leases

24.4

27.7

28.3

Operating leases

8.2

8.4

9.2

Weighted-average discount rate:

Finance leases

4.5%

4.7%

4.6%

Operating leases

5.3%

5.2%

5.2%

Supplemental balance sheet information for leases

December 31,

2022

2021

amounts in millions

Operating leases:

Operating lease right-of-use assets (1)

$

344

403

Current operating lease liabilities (2)

$

53

54

Operating lease liabilities (3)

349

405

Total operating lease liabilities

$

402

459

Finance Leases:

Property and equipment, at cost

$

491

477

Accumulated depreciation

(181)

(150)

Property and equipment, net

$

310

327

Current finance lease liabilities (2)

$

7

5

Finance lease liabilities (3)

117

111

Total finance lease liabilities

$

124

116

(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,

2022

2021

amounts in millions

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

Operating cash flows for operating leases

$

86

89

Financing cash flows for finance leases

$

7

5

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

Operating leases

$

17

11

Summary of maturities of our operating leases

Finance leases

Operating leases

amounts in millions

2023

$

13

73

2024

12

66

2025

9

65

2026

9

62

2027

9

56

Thereafter

134

169

Total lease payments

186

491

Less: implied interest

62

89

Present value of lease liabilities

$

124

402

Summary of maturities of our finance leases

Finance leases

Operating leases

amounts in millions

2023

$

13

73

2024

12

66

2025

9

65

2026

9

62

2027

9

56

Thereafter

134

169

Total lease payments

186

491

Less: implied interest

62

89

Present value of lease liabilities

$

124

402