Leases and Other Commitments

9 Months Ended

Sep. 30, 2024

Leases [Abstract]

Leases

Our total operating lease expense for the three and nine months ended September 30, 2024 was $6 million and $18 million, respectively, and $6 million and $17 million for the three and nine months ended September 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
	September 30, 2024			December 31, 2023
Operating lease right-of-use assets	$	47		$	52
Accrued liabilities	18			19
Operating lease liabilities	33			39
Total operating lease liabilities	$	51		$	58
Weighted average remaining lease term, years	3			4
Weighted average discount rate	6		%	6		%

	Nine Months Ended September 30,
	2024		2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	17	$	15
Right-of-use assets obtained in exchange for new lease liabilities:
Operating leases	$	9	$	3

Lease liability maturities:

	Remainder of 2024		2025		2026		2027		2028		Thereafter		Less Imputed Interest		Total
Operating leases	$	5	$	20	$	15	$	9	$	6	$	1	$	(5)	$	51

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