10-K Leases

9 Months Ended

12 Months Ended

Sep. 30, 2023

Dec. 31, 2022

Leases [Abstract]

Leases

Leases

We lease office space and certain computer and related equipment using noncancellable operating leases. Our leases have remaining lease terms of 1 year to 12 years.

The information related to our leases is as follows:

	Balance Sheet Location	September 30, 2023		December 31, 2022
Operating Leases
Right-of-use assets	Other noncurrent assets	$	573	$	604
Lease liabilities, current	Other current liabilities	172		181
Lease liabilities, noncurrent	Other noncurrent liabilities	695		751

	Three Months Ended   September 30				Nine Months Ended   September 30
	2023		2022		2023		2022
Lease Expense
Operating lease expense	$	69	$	35	$	126	$	100
Short-term and variable lease expense	—		11		28		35
Sublease income	(1)		(1)		(4)		(3)
Total lease expense	$	68	$	45	$	150	$	132
Other information
Operating cash paid for amounts included in the measurement of lease liabilities, operating leases	$	53	$	53	$	156	$	158
Right-of-use assets obtained in exchange for new lease liabilities, operating leases	$	—	$	23	$	47	$	62

As of September 30, 2023 and December 31, 2022, the weighted average remaining lease term of our operating leases was 7 years for each period. The lease liabilities reflect a weighted average discount rate of 3.53% at September 30, 2023 and 2.98% at December 31, 2022. Our activities as disclosed in Note 4, “Business Optimization Initiatives”, include reducing our office space footprint. As a result, during the quarter ended September 30, 2023 we recorded impairment charges of $23 for abandonment of right-of-use assets which are included in the operating lease expense shown above.

Future lease payments for noncancellable operating leases with initial or remaining terms of one year or more are as follows:

2023 (excluding the nine months ended September 30, 2023)	$	54
2024	195
2025	163
2026	130
2027	97
Thereafter	335
Total future minimum payments	974
Less imputed interest	107
Total lease liabilities	$	867

Leases

We lease office space and certain computer and related equipment using noncancelable operating leases. Our leases have remaining lease terms of 1 year to 12 years.

The information related to our leases is as follows:

	Balance Sheet Location	December 31, 2022		December 31, 2021
Operating Leases
ROU assets	Other noncurrent assets	$	604	$	628
Lease liabilities, current	Other current liabilities	181		133
Lease liabilities, noncurrent	Other noncurrent liabilities	751		864

	Years Ended December 31
	2022		2021		2020
Lease Expense
Operating lease expense	$	143	$	261	$	438
Short-term and variable lease expense	35		45		50
Sublease income	(3)		(4)		(9)
Total lease expense	$	175	$	302	$	479

Our activities as disclosed in Note 4, “Business Optimization Initiatives,” include reducing our office space footprint. As a result, we performed an interim impairment test during the years ended December 31, 2022, 2021 and 2020, and recorded impairment charges of $34, $136 and $258, respectively, for impairment and abandonment of ROU assets which are included in the operating lease expense shown above.

	Years Ended December 31
	2022			2021
Other information
Operating cash paid for amounts included in the measurement of lease liabilities, operating leases	$	204		$	198
ROU assets obtained in exchange for new lease liabilities, operating leases	$	113		$	334
Weighted average remaining lease term in years, operating leases	7			7
Weighted average discount rate, operating leases	2.98		%	2.69		%

At December 31, 2022, future lease payments for noncancelable operating leases with initial or remaining terms of one year or more are as follows:

2023	$	206
2024	179
2025	145
2026	111
2027	77
Thereafter	310
Total future minimum payments	1,028
Less imputed interest	(96)
Total lease liabilities	$	932