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Leases Leases
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Lessee, Operating Leases
14. 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 13 years. The remaining lease terms for the subleases are less than one year to six years.
ROU Assets and Lease Liabilities
ROU assets and lease liabilities for operating leases were:
December 31, 2024December 31, 2023
(In millions)
ROU assets$928 $1,061 
Lease liabilities$1,079 $1,231 
Lease Costs
The components of operating lease costs were as follows:
Years Ended December 31,
202420232022
(In millions)
Operating lease cost$226 $244 $246 
Variable lease cost52 52 45 
Sublease income(87)(95)(103)
Net lease cost$191 $201 $188 
Other Information
Supplemental other information related to operating leases was as follows:
December 31, 2024December 31, 2023
(Dollars in millions)
Cash paid for amounts included in the measurement of lease liability - operating cash flows$244 $253 
ROU assets obtained in exchange for new lease liabilities$52 $242 
Weighted-average remaining lease term8 years8 years
Weighted-average discount rate4.4 %4.4 %
Maturities of Lease Liabilities
Maturities of operating lease liabilities were as follows:
December 31, 2024
(In millions)
2025$231 
2026191 
2027186 
2028152 
2029106 
Thereafter
428 
Total undiscounted cash flows
1,294 
Less: interest215 
Present value of lease liability
$1,079 
See Notes 11 and 16 for information about the Company’s investments in leased real estate and financing lease obligations.