2027 and thereafter

[Table](#i433d81903e814837b268e57261b357cb_7) [of Contents](#i433d81903e814837b268e57261b357cb_7)Supplemental cash flow information related to leases were as follows:

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Year endedDecember 31, |
|  | 2021 |  | 2020 |  | 2019 |
|  | (In millions) |
| Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |
|    Operating cash flows for operating lease payments | $ | 151  |  |  | $ | 139  |  |  | $ | 152  |  |
| Right-of-use assets obtained in exchange for lease obligations: |  |  |  |  |  |
|    Operating leases | 30  |  |  | 117  |  |  | 183  |  |

Supplemental consolidated balance sheet information related to leases were as follows:

|  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |
|  | December 31, 2021 |  | December 31, 2020 |
|  | (in millions) |
| Operating lease right-of-use assets | $ | 407  |  |  | $ | 574  |  |
|  |  |  |  |
| Current lease liabilities, included within Accrued expenses and other current liabilities | $ | 77  |  |  | $ | 126  |  |
| Long-term lease liabilities, included within Operating lease liabilities  | 360  |  |  | 513  |  |
|    Total operating lease liabilities | $ | 437  |  |  | $ | 639  |  |
|  |  |  |  |
| Weighted average remaining lease term | 8.1 years |  | 8.8 years |
| Weighted average discount rate | 3.5  | % |  | 3.6  | % |

Maturities of lease liabilities are as follows:

|  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |
|  | Operating Leases |
|  | (in millions) |
| Year ending December 31, |  |
| 2022 | $ | 91  |  |
| 2023 | 77  |  |
| 2024 | 57  |  |
| 2025 | 49  |  |
| 2026 | 46  |  |
| 2027 and thereafter | 184  |  |
| Total lease payments | 504  |  |
| Less: imputed interest | (67) |  |
| Total | $ | 437  |  |

NOTE 6 — Goodwill and Intangible Assets, NetThe following table presents our goodwill and intangible assets as of December 31, 2021 and 2020: 

|  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |
|   | December 31, |
|   | 2021 |  | 2020 |
|   | (In millions) |
| Goodwill | $ | 7,171  |  |  | $ | 7,380  |  |
| Intangible assets with indefinite lives | 1,166  |  |  | 1,183  |  |
| Intangible assets with definite lives, net | 227  |  |  | 332  |  |
|  | $ | 8,564  |  |  | $ | 8,895  |  |

Impairment Assessments. We perform our annual assessment of possible impairment of goodwill and indefinite-lived intangible assets as of October 1, or more frequently if events and circumstances indicate that an impairment may have occurred. During 2021, we recognized a goodwill impairment charge of $14 million. During 2020, due to the severe and persistent negative effect COVID-19 had on global economies, the travel industry and our business, as well as the uncertainty and high variability in anticipated versus actual rates of recovery, in addition to our annual assessment, we deemed it necessary to F- 24
