Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Lessee, Operating Lease, Liability, to be Paid, Maturity

The future minimum rent payments under our current leases, due in each of the next five years and thereafter as of December 31, 2023, were:

	Operating Leases
Year	(in millions)
2024	$	24
2025	27
2026	18
2027	19
2028	19
Thereafter	326
Total minimum rent payments	433
Less: imputed interest	210
Total operating lease liabilities	$	223

Lease, Cost

The components of rent expense, which are primarily included in other property 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 December 31, 2023		Year Ended December 31, 2022		Year Ended December 31, 2021
	(in millions)
Operating lease expense	$	23	$	28	$	29
Variable lease expense	16		13		4
Operating cash flows for operating leases	24		29		30
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.