Accrued Expenses and Other Liabilities

12 Months Ended

Dec. 31, 2024

Payables and Accruals [Abstract]

Accrued Expenses and Other Liabilities

NOTE 7 Accrued Expenses and Other Liabilities

Accrued expenses and other current liabilities at December 31 consisted of the following:

(in millions)	2024		2023
Accrued incentive compensation	$	298	$	268
Accrued compensation and benefits		77		64
Lease liability (1)		47		45
Deferred revenue		80		78
Reserve for policy cancellations		73		53
Accrued interest		27		33
Accrued rent and vendor expenses		19		21
Other		32		46
Total	$	653	$	608

(1)The Lease liability is the current portion of the Operating lease liabilities as reflected in the Consolidated Balance Sheets as of December 31, 2024 and 2023.