The Company leases its facilities and data center colocations under operating leases with various expiration dates through 2025.

Total operating lease cost was $2 million and $4 million for the three and six months ended June 30, 2022, respectively, and $4 million and $7 million for the three and six months ended June 30, 2021, respectively. Short-term lease costs, variable lease costs and sublease income were not material.

In February 2022, the Company’s Board of Directors ("the Board") approved a restructuring plan, which included exiting various office leases. As a result, the Company ceased using certain office spaces. As the carrying value of the related right-of-use assets and leasehold improvements exceeded the estimated fair value, the Company recognized an impairment loss of $2 and $6 million for the three and six months ended June 30, 2022, respectively, which is included as part of general and administrative expenses in its condensed consolidated financial statements. Of the $6 million total impairment loss, approximately $3 million related to the impairment of operating right-of-use assets and approximately $3 million primarily relates to impairment of leasehold improvements. See Note 12. Restructuring Costs for more information about the Company’s restructuring plan.

As of June 30, 2022 and December 31, 2021, the Company’s condensed consolidated balance sheets included right-of-use assets in the amount of $11 million and $18 million, respectively, and current lease liabilities in the amount of $8 million and $9 million in accrued liabilities, respectively, and $13 million and $16 million in lease liabilities, non-current, respectively.

As of June 30, 2022 and December 31, 2021, the weighted-average remaining lease term was 3 years, respectively, and the weighted-average discount rate used to determine the net present value of the lease liabilities was 6% for both periods.

Supplemental cash flow information for the Company’s operating leases were as follows:


	Six Months Ended,
	June 30,		June 30,
	2022		2021
	(in millions)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	5	$	7

The maturities of the Company’s operating lease liabilities are as follows:


	June 30,
	2022
Year ending December 31,	(in millions)
2022 (remaining six months)	$	5
2023		8
2024		7
2025		3
Total lease payments		23
Less: imputed interest		(2	)
Present value of lease liabilities	$	21