Leases

9 Months Ended

Sep. 30, 2023

Leases [Abstract]

Leases

Leases

During the nine months ended September 30, 2023, the Company recorded an additional $41 million of right-of-use (“ROU”) assets obtained in exchange for lease obligations primarily related to the commencement of a new office facility lease as well as contract modifications that extend existing lease terms.

Future minimum lease payments under non-cancellable leases as of September 30, 2023 were as follows (in millions):

2023 (3 months remaining)	$	12
2024	48
2025	38
2026	32
2027	26
Thereafter	77
Total future minimum lease payments	$	233
Less: Interest	(45)
Present value of lease liabilities	$	188
Reported as of September 30, 2023:
Current portion of lease liabilities	$	38
Long-term lease liabilities	150
Present value of lease liabilities	$	188

The current portion of lease liabilities is included within Accrued liabilities on the Consolidated Balance Sheets.