Annual report pursuant to Section 13 and 15(d)

LEASES (Tables)

v3.22.4
LEASES (Tables)
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Significant Components of Operating Lease Expense The significant components of operating lease expense are as follows:
Year Ended December 31,
2022 2021
(in thousands)
Operating lease cost $ 258,115  $ 241,012 
Variable and short-term lease cost 164,613  92,863 
Sublease income (5,678) (6,014)
Net lease cost $ 417,050  $ 327,861 
Supplemental Cash Flow Information for our Operating Leases Supplemental cash flow information for our operating leases is as follows:
Year Ended December 31,
2022 2021
(in thousands)
Cash paid for amounts included in the measurement of lease liabilities $ 229,669  $ 189,205 
Lease assets obtained in exchange for lease obligations, net of terminations $ 251,576  $ 251,401 
Weighted Average Remaining Lease Term And Discount Rate For Operating Leases
The weighted average remaining lease term and weighted average discount rate for our operating leases are as follows:
Year Ended December 31,
2022 2021
Weighted average remaining lease term (in years) 13.6 13.2
Weighted average discount rate 6.00  % 6.10  %
Lessee, Operating Lease, Liability, Maturity
Future maturities of our operating lease liabilities at December 31, 2022 are as follows:
(in thousands)
2023 $ 252,300 
2024 234,809 
2025 222,470 
2026 212,098 
2027 201,147 
Thereafter 1,555,401 
Total lease payments 2,678,225 
Less: Interest 883,468 
Present value of lease liabilities $ 1,794,757