v3.25.0.1
Leases (Tables)
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Summary of the Components of Net Lease Cost and Supplemental Cash Flow Information
The following table is a summary of the components of net lease cost for the years ended December 31, 2024, 2023 and 2022:
In millions202420232022
Operating lease cost$2,423 $2,532 $2,579 
Finance lease cost:
Amortization of right-of-use assets92 84 79 
Interest on lease liabilities71 73 68 
Total finance lease costs163 157 147 
Short-term lease costs33 22 27 
Variable lease costs635 635 610 
Less: sublease income(67)(63)(61)
Net lease cost$3,187 $3,283 $3,302 

Supplemental cash flow information related to leases for the years ended December 31, 2024, 2023 and 2022 was as follows:
In millions202420232022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows paid for operating leases$2,733 $2,756 $2,689 
Operating cash flows paid for interest portion of finance leases71 73 68 
Financing cash flows paid for principal portion of finance leases74 70 62 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases852 1,132 591 
Finance leases30 (4)232 
Supplemental Balance Sheet Information
Supplemental balance sheet information related to leases as of December 31, 2024 and 2023 is as follows:
In millions, except remaining lease term and discount rate20242023
Operating leases:
Operating lease right-of-use assets
$15,944$17,252
Current portion of operating lease liabilities$1,751$1,741
Long-term operating lease liabilities14,89916,034
Total operating lease liabilities
$16,650$17,775
Finance leases:
Property and equipment, gross$1,587$1,604
Accumulated depreciation(447)(375)
Property and equipment, net$1,140$1,229
Current portion of long-term debt$65$66
Long-term debt1,2951,325
Total finance lease liabilities$1,360$1,391
Weighted average remaining lease term (in years)
Operating leases10.711.4
Finance leases16.517.3
Weighted average discount rate
Operating leases4.6 %4.5 %
Finance leases5.1 %5.0 %
Maturities of Operating Lease Liabilities
The following table summarizes the maturity of lease liabilities under finance and operating leases as of December 31, 2024:
In millionsFinance
Leases
Operating
Leases (1)
Total
2025$144 $2,683 $2,827 
2026135 2,528 2,663 
2027132 2,343 2,475 
2028129 2,167 2,296 
2029127 1,911 2,038 
Thereafter1,371 9,557 10,928 
Total lease payments (2)
2,038 21,189 23,227 
Less: imputed interest(678)(4,539)(5,217)
Total lease liabilities$1,360 $16,650 $18,010 
_____________________________________________
(1)Future operating lease payments have not been reduced by minimum sublease rentals of $297 million due in the future under noncancelable subleases.
(2)The Company leases pharmacy and clinic space from Target Corporation. Amounts related to such finance and operating leases are reflected above. Pharmacy lease amounts due in excess of the remaining estimated economic life of the buildings of approximately $2.2 billion are not reflected in this table since the estimated economic life of the buildings is shorter than the contractual term of the pharmacy lease arrangement.
Maturities of Finance Lease Liabilities
The following table summarizes the maturity of lease liabilities under finance and operating leases as of December 31, 2024:
In millionsFinance
Leases
Operating
Leases (1)
Total
2025$144 $2,683 $2,827 
2026135 2,528 2,663 
2027132 2,343 2,475 
2028129 2,167 2,296 
2029127 1,911 2,038 
Thereafter1,371 9,557 10,928 
Total lease payments (2)
2,038 21,189 23,227 
Less: imputed interest(678)(4,539)(5,217)
Total lease liabilities$1,360 $16,650 $18,010 
_____________________________________________
(1)Future operating lease payments have not been reduced by minimum sublease rentals of $297 million due in the future under noncancelable subleases.
(2)The Company leases pharmacy and clinic space from Target Corporation. Amounts related to such finance and operating leases are reflected above. Pharmacy lease amounts due in excess of the remaining estimated economic life of the buildings of approximately $2.2 billion are not reflected in this table since the estimated economic life of the buildings is shorter than the contractual term of the pharmacy lease arrangement.