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Leases
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Leases
12    Leases
As
 
of December 
31
,
2021
and
2020
, the Company had lease agreements that expire at various dates through
2034
, with weighted-average remaining lease terms of
4.7
years and
5.2
years, respectively. Rental expense was $
34
 million, $
38
 million and $
36 
million for the years ended December 
31
,
2021
,
2020
and
2019
, respectively. As of December 
31
,
2021
and
2020
, the weighted-average discount rates used to determine the present value of lease liabilities were
3.04
% and
3.50
%, respectively. During the years ended December 
31
,
2021
,
2020
and
2019
, cash paid for amounts included in the measurement of lease liabilities in operating activities in the statement of cash flows was $
34
 million, $
38
 million and $
36 
million, respectively. The Company recorded $
3
 million, $
16
 million and $
118 
million
right-of-use
assets in exchange for new operating lease liabilities during the years ended December 
31
,
2021
,
2020
and
2019
, respectively.
The Company’s
right-of-use
lease assets and lease liabilities included in the consolidated balance sheets are classified as follows (in thousands):
 
         
December 31,
 
    
Financial Statement Classification
  
2021
    
2020
 
Assets:
                      
Property operating lease assets
   Operating lease assets    $ 55,774      $ 62,374  
Automobile operating lease assets
   Operating lease assets      28,236        29,694  
Equipment operating lease assets
   Operating lease assets      724        1,184  
         
 
 
    
 
 
 
Total lease assets
        $ 84,734      $ 93,252  
         
 
 
    
 
 
 
Liabilities:
                      
Current operating lease liabilities
   Current operating lease liabilities    $ 27,906      $ 27,764  
Long-term operating lease liabilities
   Long-term operating lease liabilities      59,623        68,197  
         
 
 
    
 
 
 
Total lease liabilities
        $ 87,529      $ 95,961  
         
 
 
    
 
 
 
Undiscounted future minimum rents payable as of December 31, 2021 under
non-cancelable
leases with initial terms exceeding one year reconcile to lease liabilities included in the consolidated balance sheet as follows (in thousands):
 
2022
   $ 29,311  
2023
     20,763  
2024
     14,688  
2025
     10,642  
2026
     7,107  
2027 and thereafter
     11,072  
    
 
 
 
Total future minimum lease payments
     93,583  
Less: amount of lease payments representing interest
     (6,054
    
 
 
 
Present value of future minimum lease payments
     87,529  
Less: current operating lease liabilities
     (27,906
    
 
 
 
Long-term operating lease liabilities
   $ 59,623