Leases and Other Commitments

6 Months Ended

Jun. 30, 2024

Leases [Abstract]

Leases

Our total operating lease expense for the three and six months ended June 30, 2024 was $6 million and $12 million, respectively, and $5 million and $11 million for the three and six months ended June 30, 2023, respectively. The total amount of variable and short-term lease payments was immaterial for all periods presented.

Supplemental balance sheet and cash flow information related to operating leases is as follows:

	As of
	June 30, 2024			December 31, 2023
Operating lease right-of-use assets	$	45		$	52
Accrued liabilities	18			19
Operating lease liabilities	31			39
Total operating lease liabilities	$	49		$	58
Weighted average remaining lease term, years	3			4
Weighted average discount rate	6		%	6		%

	Six Months Ended June 30,
	2024		2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	11	$	10
Right-of-use assets obtained in exchange for new lease liabilities:
Operating leases	$	2	$	—

Lease liability maturities:

	Remainder of 2024		2025		2026		2027		2028		Thereafter		Less Imputed Interest		Total
Operating leases	$	11	$	18	$	13	$	8	$	4	$	—	$	(5)	$	49

As of June 30, 2024, we did not have material additional operating leases that have not yet commenced.