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Leases (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Maturities of Non-Cancelable Operating Lease Liabilities

The maturities of our non-cancelable operating lease liabilities, due in each of the next five years and thereafter as of December 31, 2020, were:

	Operating Leases
Year	(in millions)
2021	$	30
2022		29
2023		24
2024		24
2025		24
Thereafter		341
Total minimum rent payments		472
Less: imputed interest		228
Total operating lease liabilities	$	244

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 (loss) income, as well as supplemental cash flow and non-cash information for all operating leases were:

	Year Ended		Year Ended
	December 31, 2020		December 31, 2019
	(in millions)
Operating lease expense	$	30	$	30
Variable lease expense		2		13
Operating cash flows for operating leases		28		36
Right-of-use assets obtained in exchange for lease obligations⁽¹⁾		—		278

⁽¹⁾	For the year ended December 31, 2019, balance represents right-of-use assets recognized upon adoption of ASC 842, Leases, on January 1, 2019, and right-of-use assets assumed in connection with the Merger.