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Leases (Tables)
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Summary of Information Related to Operating Leases

The following table summarizes information related to our leases, all of which are classified as operating (in millions):

 

 

As of December 31,

 

Location in Consolidated Balance Sheets

 

2022

 

 

2021

 

Assets:

 

 

 

 

 

 

Other noncurrent assets - right-of-use assets

 

$

100

 

 

$

105

 

Prepaid expenses and other current assets - net tenant receivable

 

 

-

 

 

 

3

 

Liabilities:

 

 

 

 

 

 

Other current liabilities - net current operating lease liabilities

 

 

3

 

 

 

-

 

Other noncurrent liabilities

 

 

117

 

 

 

117

 

Summary of Cash and Non-cash Information Related to Operating Leases

The following table summarizes our cash and non-cash information related to our operating leases (in millions):

 

 

Years Ended December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

Cash paid for amounts included in measurement of lease liabilities

 

$

11

 

 

$

5

 

 

$

2

 

Cash received from tenant improvement allowances

 

 

8

 

 

 

3

 

 

 

-

 

Right-of-use assets obtained in exchange for new operating lease liabilities

 

 

3

 

 

 

95

 

 

 

8

 

Recognition of tenant improvement allowance receivable included in Other current liabilities

 

 

6

 

 

 

11

 

 

 

1

 

Summary of Future Minimum Lease Payments

The following table summarizes our future minimum lease payments at December 31, 2022 (in millions):

Year Ending December 31,

Operating Leases

 

2023

$

15

 

2024

 

16

 

2025

 

16

 

2026

 

17

 

2027

 

18

 

Thereafter

 

77

 

Total undiscounted future minimum lease payments

 

159

 

Less: Imputed interest

 

(33

)

Total present value of lease liabilities

$

126