Leases (Tables)

3 Months Ended

Mar. 31, 2024

Lease cost recognized in our consolidated statements of operations is summarized as follows (in millions):


	Three Months Ended March 31,
	2023		2024
Operating lease cost	$	2,512	$	2,829
Finance lease cost:
Amortization of lease assets	1,546		941
Interest on lease liabilities	80		73
Finance lease cost	1,626		1,014

Variable lease cost	518		635
Total lease cost	$	4,656	$	4,478

Other information about lease amounts recognized in our consolidated financial statements is as follows:


	December 31, 2023		March 31, 2024
Weighted-average remaining lease term – operating leases	11.3 years		11.2 years
Weighted-average remaining lease term – finance leases	11.9 years		12.0 years
Weighted-average discount rate – operating leases	3.3	%	3.3	%
Weighted-average discount rate – finance leases	2.7	%	2.8	%

Our lease liabilities were as follows (in millions):


	December 31, 2023
	Operating Leases		Finance Leases		Total
Gross lease liabilities	$	90,777	$	14,106	$	104,883
Less: imputed interest	(15,138)		(1,997)		(17,135)
Present value of lease liabilities	75,639		12,109		87,748
Less: current portion of lease liabilities	(8,419)		(2,032)		(10,451)
Total long-term lease liabilities	$	67,220	$	10,077	$	77,297


	March 31, 2024
	Operating Leases		Finance Leases		Total
Gross lease liabilities	$	91,419	$	13,262	$	104,681
Less: imputed interest	(15,400)		(2,022)		(17,422)
Present value of lease liabilities	76,019		11,240		87,259
Less: current portion of lease liabilities	(8,581)		(1,626)		(10,207)
Total long-term lease liabilities	$	67,438	$	9,614	$	77,052