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Leases | 12 Months Ended
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Dec. 31, 2024
Leases [Abstract] |
Leases | Leases We have lease agreements for office space and data center facilities. All of our leases are classified as operating leases, and we do not have any significant leases classified as finance leases. As of December 31, 2024, the weighted-average remaining lease term was 9.4 years and the weighted average discount rate was 5.9%. As of December 31, 2023, the weighted-average remaining lease term was 6.7 years and the weighted average discount rate was 5.1%. We recognized $62 million, $58 million and $52 million of rent expense for office space as rent and occupancy expense in 2024, 2023, and 2022, respectively, and $27 million, $32 million and $26 million for data center facilities as technology and communication expense in 2024, 2023, and 2022, respectively, within our consolidated income statements. We do not have any significant variable lease costs. Our lease assets are included within property, plant and equipment and our lease liabilities are included in current and noncurrent liabilities within our consolidated balance sheets. Details of our lease asset and liability balances are as follows (in millions):
| As of December 31, 2024 |  | As of December 31, 2023 |  | As of January 1, 2023
Right-of-use lease assets | $ | 295 |  |  | $ | 305 |  |  | $ | 278 |
Current operating lease liability | 37 |  |  | 60 |  |  | 65 |
Non-current operating lease liability | 335 |  |  | 299 |  |  | 254 |
Total operating lease liability | $ | 372 |  |  | $ | 359 |  |  | $ | 319 |
As of December 31, 2024, we estimate that our operating lease liability will be recognized in the following years (in millions):
2025 | $ | 56 |
2026 | 62 |
2027 | 70 |
2028 | 45 |
2029 | 29 |
Thereafter | 247 |
Lease liability amounts repayable | $ | 509 |
Interest costs | (137) |
Total operating lease liability | $ | 372 |
Supplemental cash flow information and non-cash activity related to our operating leases are as follows:
| Year Ended December 31, |  |
| 2024 |  | 2023 |  |
Cash paid for amounts included in the measurement of operating lease liability | $ | 90 |  |  | $ | 85 |  |  |
Right-of-use assets obtained in exchange for operating lease obligations | $ | 88 |  |  | $ | 115 |  |  |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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