PARTIV Note6—Leases PayPalHoldings,Inc. NotestoConsolidatedFinancialStatements—(Continued) Thecomponentsofleaseexpensewereasfollows: YearEndedDecember31, 2022 2021 2020 (In millions) Leaseexpense Operatingleaseexpense $ 171 $ 170 $ 166 Subleaseincome (8) (8) (6) ANNU LEASEEXPENSE,NET $ 163 $ 162 $ 160 AL Supplementalcashflowinformationrelatedtoleaseswasasfollows: REPOR YearEndedDecember31, T 2022 2021 2020 (In millions) Cashpaidforamountsincludedinthemeasurementofleaseliabilities: Operatingcashflowsfromoperatingleases $ 172 $ 167 $ 159 ROUleaseassetsobtainedinexchangefornewoperatingleaseliabilities $ 131 $ 124 $ 345 Othernon-cashROUleaseassetactivity $ (52) $ (21) $ (23) Supplementalbalancesheetinformationrelatedtoleaseswasasfollows: AsofDecember31, 2022 2021 (In millions, except weighted-averagefigures) OperatingROUleaseassets $ 574 $ 659 Currentoperatingleaseliabilities 151 142 Operatingleaseliabilities 569 620 TOTALOPERATINGLEASELIABILITIES $ 720 $ 762 Weighted-averageremainingleaseterm—operatingleases 5.7 years 6.1 years Weighted-averagediscountrate—operatingleases 3% 3% Future minimumleasepaymentsforouroperatingleasesasofDecember31,2022wereasfollows: OperatingLeases Fiscal years: (In millions) 2023 $ 169 2024 155 2025 114 2026 103 2027 90 Thereafter 147 TOTAL $ 778 Less: presentvaluediscount (58) LEASELIABILITY $ 720 •2022AnnualReport 79