We lease sales centers, office space and equipment under operating leases. Our leases expire at various dates from 2021 through 2030, with varying renewal and termination options. Our lease terms include options to extend or terminate the lease when it is reasonably certain that we will exercise that option.

We recognize rent expense on leases with both contingent and non-contingent lease payment terms. Rent associated with non-contingent lease payments are recognized on a straight-line basis over the lease term. Rent expense for all operating leases for the three months ended March 31, 2021 and 2020 was $4 million and $5 million, respectively. These amounts include $1 million of short-term and variable lease costs for the three months ended March 31, 2021 and 2020, respectively.


	Three months ended March 31,
($ in millions)	2021		2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$	5	$	5
Right-of-use assets obtained in exchange for new lease liabilities:
Operating Leases		—		5

Supplemental balance sheet information related to operating leases was as follows:

	March 31,			December 31,
	2021			2020
Weighted-average remaining lease term of operating leases (in years)	5.3			5.4
Weighted-average discount rate of operating leases		4.98	%		4.95	%

The future minimum lease payments under noncancelable operating leases, due in each of the next five years and thereafter as of March 31, 2021, are as follows:

($ in millions)	Operating Leases
Year
2021 (remaining)	$	12
2022		13
2023		13
2024		11
2025		11
Thereafter		11
Total future minimum lease payments	$	71
Less: imputed interest		(8	)
Present value of lease liabilities	$	63