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Leases
12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Leases Leases
Total lease expense was $55 million, $59 million and $57 million for the years ended December 31, 2023, 2022 and 2021. Total lease expense includes operating lease expense of $34 million, $36 million and $38 million and variable lease expense of $21 million, $23 million and $19 million for the years ended December 31, 2023, 2022 and 2021. Cash paid for amounts included in operating lease liabilities was $38 million, $42 million and $44 million for the years ended December 31, 2023, 2022 and 2021. Operating lease ROU assets obtained in exchange for lease obligations was $28 million, $20 million and $11 million for the years ended December 31, 2023, 2022 and 2021.
In the fourth quarter of 2023, the Company committed to consolidate some of its offices, which resulted in a $24 million charge within Other operating expense on the Consolidated Statement of Operations, recorded in the Corporate & Other Segment. The charge primarily relates to the abandonment of certain fixed assets and operating lease ROU assets that are no longer in use.
The following table presents operating lease ROU assets and lease liabilities.
(In millions)December 31, 2023December 31, 2022
Operating lease ROU assets$140 $155 
Operating lease liabilities215 220 
The following table presents the maturities of operating lease liabilities.
(In millions)December 31, 2023
2024$36 
202532 
202630
202728 
202825
Thereafter103 
Total lease payments254 
Less: Discount(39)
Total operating lease liabilities$215 
As of December 31, 2023, the Company had $12 million of additional operating lease commitments that have not yet commenced. These leases will commence in 2024 with lease terms ranging from 3 to 10 years.
The following table presents the weighted average remaining lease term for operating leases and weighted average discount rate used in calculating operating lease ROU assets.
December 31, 2023December 31, 2022
Weighted average remaining lease term8.4 years9.2 years
Weighted average discount rate3.7 %3.4 %