Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Summary of Lease Costs

Operating lease costs consisted of the following:

	As of December 31,
	2023		2022		2021
	(in millions)
Operating lease costs	$	18	$	17	$	15
Variable lease costs	1		1		1
Short-term lease costs	4		4		3
Total operating lease costs	$	23	$	22	$	19

Operating Lease Maturity

Future lease payments under non-cancellable leases were as follows:

	As of December 31, 2023
	Operating Leases		Finance Leases		Total
	(in millions)
2024	$	18	$	2	$	20
2025	17		2		19
2026	12		2		14
2027	8		2		10
2028	4		2		6
Thereafter	5		12		17
Total undiscounted lease payments	64		22		86
Less: imputed interest	(6)		(6)		(12)
Present value of lease liabilities	$	58	$	16	$	74

Finance Lease Maturity

Future lease payments under non-cancellable leases were as follows:

	As of December 31, 2023
	Operating Leases		Finance Leases		Total
	(in millions)
2024	$	18	$	2	$	20
2025	17		2		19
2026	12		2		14
2027	8		2		10
2028	4		2		6
Thereafter	5		12		17
Total undiscounted lease payments	64		22		86
Less: imputed interest	(6)		(6)		(12)
Present value of lease liabilities	$	58	$	16	$	74

Schedule Of Lease Liabilities And ROU Assets In Consolidated Balance Sheets

Lease liabilities and ROU assets included in our consolidated balance sheets were as follows:

		As of December 31,
		2023		2022
		(in millions)
Operating leases	Balance Sheet Classification
Right-of-use assets	Operating lease right-of-use assets	$	56	$	65
Current lease liabilities	Current operating lease liabilities	$	16	$	14
Non-current lease liabilities	Long-term operating lease liabilities	42		53
Total operating lease liabilities		$	58	$	67
Finance leases	Balance Sheet Classification
Right-of-use assets	Other assets	$	16	$	12
Current lease liabilities	Accrued and other current liabilities	$	1	$	1
Non-current lease liabilities	Other liabilities	15		11
Total finance lease liabilities		$	16	$	12

Weighted Average Remaining Lease Term and Weighted Average Discount Rates

The weighted average remaining lease term and weighted average discount rates were as follows:

	As of December 31, 2023
	Operating Leases		Finance Leases
Weighted-average remaining lease term (in years)	4.24		11.57
Weighted-average discount rate	5.01	%	5.52	%