ΗΡΧΣΞΫΞΫΚΣΖ΅

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

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Years ended December 31,

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​

2022

​

2021

​

2020

​

​

amounts in millions

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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

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Sublease income

​

(3)

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(4)

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(2)

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Total lease cost

$

123

​

126

​

132

​

​

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

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2022

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2021

​

2020

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Weighted-average remaining lease term (years):

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​

​

​

​

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Finance leases

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24.4

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27.7

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28.3

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Operating leases

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8.2

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8.4

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9.2

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Weighted-average discount rate:

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​

​

Finance leases

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4.5%

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4.7%

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4.6%

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Operating leases

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5.3%

​

5.2%

​

5.2%

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​

Supplemental balance sheet information for leases

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December 31,

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2022

​

2021

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amounts in millions

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Operating leases:

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​

​

​

​

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:

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​

​

​

​

Property and equipment, at cost

$

491

​

477

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Accumulated depreciation

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(181)

​

(150)

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Property and equipment, net

$

310

​

327

​

​

​

​

​

​

​

Current finance lease liabilities (2)

$

7

​

5

​

Finance lease liabilities (3)

​

117

​

111

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Total finance lease liabilities

$

124

​

116

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(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

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Schedule of cash flow information related to our leases

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Years ended December 31,

​

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2022

​

2021

​

​

amounts in millions

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

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​

​

​

​

Operating cash flows for operating leases

$

86

​

89

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Financing cash flows for finance leases

$

7

​

5

​

​

​

​

​

​

​

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

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​

​

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Operating leases

$

17

​

11

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​

Summary of maturities of our operating leases

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Finance leases

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Operating leases

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amounts in millions

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2023

$

13

​

73

​

2024

​

12

​

66

​

2025

​

9

​

65

​

2026

​

9

​

62

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2027

​

9

​

56

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Thereafter

​

134

​

169

​

Total lease payments

​

186

​

491

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Less: implied interest

​

62

​

89

​

Present value of lease liabilities

$

124

​

402

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Summary of maturities of our finance leases

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Finance leases

​

Operating leases

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​

amounts in millions

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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

​