Annual report pursuant to Section 13 and 15(d)

LEASES

v3.22.4
LEASES
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Leases LEASES
We have operating leases primarily for real estate, manufacturing and other equipment, aircraft, and vehicles.
Balance sheet information related to operating leases is as follows (in millions):
December 31, 2022 2021
Operating lease ROU assets1
 $ 1,406  $ 1,418 
Current portion of operating lease liabilities2
 $ 341  $ 310 
Noncurrent portion of operating lease liabilities3
 1,113  1,161 
Total operating lease liabilities $ 1,454  $ 1,471 
1 Operating lease ROU assets are included in the line item other noncurrent assets in our consolidated balance sheets.
2 The current portion of operating lease liabilities is included in the line item accounts payable and accrued expenses in our consolidated balance sheets.
3 The noncurrent portion of operating lease liabilities is included in the line item other noncurrent liabilities in our consolidated balance sheets.
We had operating lease costs of $397 million and $342 million for the years ended December 31, 2022 and 2021, respectively. During 2022 and 2021, cash paid for amounts included in the measurement of operating lease liabilities was $400 million and $352 million, respectively. Operating lease ROU assets obtained in exchange for operating lease obligations were $337 million and $194 million for the years ended December 31, 2022 and 2021, respectively.
Information associated with the measurement of our operating lease obligations as of December 31, 2022 is as follows:
Weighted-average remaining lease term 8 years
Weighted-average discount rate 2.9  %
Our leases have remaining lease terms of 1 year to 42 years, inclusive of renewal or termination options that we are reasonably certain to exercise.
The following table summarizes the maturities of our operating lease liabilities as of December 31, 2022 (in millions):
Maturities of Operating Lease Liabilities
2023 $ 372 
2024 300 
2025 230 
2026 171 
2027 116 
Thereafter 425 
Total operating lease payments 1,614 
Less: Imputed interest 160 
Total operating lease liabilities $ 1,454