Leases

12 Months Ended

Dec. 31, 2023

NOTE 5 – Leases

We have operating leases for office space and data centers. Our leases have remaining lease terms of one year to 14 years, some of which include options to extend the leases for up to ten years, and some of which include options to terminate the leases within one year.

Operating lease costs were $97 million, $99 million and $119 million for the years ended December 31, 2023, 2022 and 2021, respectively.

Supplemental cash flow information related to leases were as follows:


	Year ended December 31,
	2023		2022		2021
	(In millions)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating lease payments	$	92	$	96	$	151
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	86		75		30

Supplemental consolidated balance sheet information related to leases were as follows:


	December 31, 2023			December 31, 2022
	(in millions)
Operating lease right-of-use assets	$	357		$	363

Current lease liabilities, included within Accrued expenses and other current liabilities	$	66		$	77
Long-term lease liabilities, included within Operating lease liabilities	314			312
Total operating lease liabilities	$	380		$	389

Weighted average remaining lease term	6.9 years			7.1 years
Weighted average discount rate	4.1		%	3.5		%

Maturities of lease liabilities are as follows:


	Operating Leases
	(in millions)
Year ending December 31,
2024	$	77
2025	70
2026	65
2027	60
2028	53
2029 and thereafter	111
Total lease payments	436
Less: imputed interest	(56)
Total	$	380