Leases

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Leases

Leases

Lease-related asset and liability balances consist of the following at December 31:

	2023			2022
Operating Leases
Right-of-use assets	$	697		$	615
Accrued and other liabilities	$	124		$	116
Operating lease liabilities	611			504
Total operating lease liabilities	$	735		$	620
Weighted Average Remaining Term (in years)	9			9
Weighted Average Lease Discount Rate	3.8		%	2.9		%

The Company's operating lease cost is comprised of payments related to operating leases recorded in the consolidated balance sheet and short-term rental payments for leases that are not recorded in the consolidated balance sheet. Variable operating lease cost was not material to the consolidated statements of operations for the years ended December 31, 2023, 2022, and 2021. The components of operating lease expense were as follows:

	Year Ended December 31,
	2023		2022		2021
Operating lease cost (1)	$	142	$	139	$	117
Short-term lease cost	121		101		85
Total operating lease cost	$	263	$	240	$	202

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(1)Includes fixed lease payments for operating leases recorded in the consolidated balance sheet.

Maturities of lease liabilities were as follows at December 31, 2023:

	Operating Leases
2024	$	142
2025	122
2026	108
2027	95
2028	81
Thereafter	362
Total lease payments	910
Less: imputed interest	(175)
Present value of lease liabilities	$	735

Related Party Leases

The Company leases certain assets under operating leases with related parties. Right-of-use assets and the associated operating lease liabilities for related party operating leases were approximately $26 and $29 as of December 31, 2023 and December 31, 2022, respectively. The Company recognized operating lease cost for fixed lease payments to related parties of $5 and $6 for the years ended December 31, 2023 and 2022, respectively.