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Leases (Tables)
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Schedule of Future Minimum Rental Payments for Operating Leases

The future minimum rent payments under our current leases, due in each of the next five years and thereafter as of December 31, 2022, were:

 

 

 

Operating
Leases

 

Year

 

(in millions)

 

2023

 

$

24

 

2024

 

 

24

 

2025

 

 

27

 

2026

 

 

18

 

2027

 

 

19

 

Thereafter

 

 

345

 

Total minimum rent payments

 

 

457

 

Less: imputed interest

 

 

223

 

Total operating lease liabilities

 

$

234

 

Schedule of Rent Expense and Supplemental Cash Flow and Non Cash Information The components of rent expense, which are primarily included in other property-level expenses in our consolidated statements of comprehensive income (loss), as well as supplemental cash flow and non-cash information for all operating leases were:

 

 

 

Year Ended

 

 

Year Ended

 

 

Year Ended

 

 

 

December 31, 2022

 

 

December 31, 2021

 

 

December 31, 2020

 

 

 

(in millions)

 

Operating lease expense

 

$

28

 

 

$

29

 

 

$

30

 

Variable lease expense

 

 

13

 

 

 

4

 

 

 

2

 

Operating cash flows for operating leases

 

 

29

 

 

 

30

 

 

 

28

 

Operating lease right-of-use asset reassessment(1)

 

 

(4

)

 

 

 

 

 

 

 

(1) For the year ended December 31, 2022, amount represents a reduction to our right-of-use assets and lease liability due to a change in

discount rate upon a lease remeasurement.