XML 38 R23.htm IDEA: XBRL DOCUMENT v3.25.0.1
Leases
12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Leases Leases
Total lease expense was $49 million, $55 million and $59 million for the years ended December 31, 2024, 2023 and 2022. Total lease expense includes operating lease expense of $29 million, $34 million and $36 million and variable lease expense of $20 million, $21 million and $23 million for the years ended December 31, 2024, 2023 and 2022. Cash paid for amounts included in operating lease liabilities was $55 million, $38 million and $42 million for the years ended December 31, 2024, 2023 and 2022. Operating lease ROU assets obtained in exchange for lease obligations was $54 million, $28 million and $20 million for the years ended December 31, 2024, 2023 and 2022.
The following table presents operating lease ROU assets and lease liabilities.
(In millions)December 31, 2024December 31, 2023
Operating lease ROU assets$158 $140 
Operating lease liabilities239 215 
The following table presents the maturities of operating lease liabilities.
(In millions)December 31, 2024
2025$43 
202634 
202732
202829 
202929
Thereafter121 
Total lease payments288 
Less: Discount(49)
Total operating lease liabilities$239 
As of December 31, 2024, the Company had $5 million of additional operating lease commitments that have not yet commenced. These leases will commence in 2025 with lease terms ranging from 5 to 11 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, 2024December 31, 2023
Weighted average remaining lease term8.8 years8.4 years
Weighted average discount rate3.9 %3.7 %