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Leases Leases
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Lessee, Operating Leases 11. Leases
The Company, as lessee, has entered into various lease and sublease agreements primarily for office space. The Company has operating leases with remaining lease terms of less than one year to 12 years. The remaining lease terms for the subleases are less than one year to eight years.
ROU Assets and Lease Liabilities
ROU assets and lease liabilities for operating leases were:
December 31, 2022December 31, 2021
(In millions)
ROU assets$961 $1,110 
Lease liabilities$1,147 $1,295 
Lease Costs
The components of operating lease costs were as follows:
Years Ended December 31,
202220212020
(In millions)
Operating lease cost$246 $271 $286 
Variable lease cost$45 $32 $39 
Sublease income$(103)$(99)$(99)
Net lease cost$188 $204 $226 
The Company recognized lease ROU asset impairment charges of $10 million, $29 million, and $0 for the years ended December 31, 2022, 2021 and 2020, respectively.
Other Information
Supplemental other information related to operating leases was as follows:
December 31, 2022December 31, 2021
(Dollars in millions)
Cash paid for amounts included in the measurement of lease liability - operating cash flows$249 $273 
ROU assets obtained in exchange for new lease liabilities$58 $63 
Weighted-average remaining lease term6 years7 years
Weighted-average discount rate3.5 %3.4 %
Maturities of Lease Liabilities
Maturities of operating lease liabilities were as follows:
December 31, 2022
(In millions)
2023$245 
2024216 
2025198 
2026183 
2027149 
Thereafter
252 
Total undiscounted cash flows
1,243 
Less: interest96 
Present value of lease liability
$1,147 
See Notes 8 and 13 for information about the Company’s investments in leased real estate, leveraged and direct financing leases, and financing lease obligations.