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LEASES
 6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
LEASES LEASES
The Company has operating leases, substantially all of which relate to the lease of office space. The Company’s leases which are classified as finance leases are not material to the consolidated financial statements. Certain of the Company’s leases include options to renew, with renewal terms that can extend the lease term from one year to 20 years at the Company’s discretion.
The following table presents the components of the Company’s lease cost:
Three Months Ended June 30,
Six Months Ended June 30,
2025202420252024
Operating lease cost$22 $21 $44 $43 
Sublease income(2)(2)(4)(4)
Variable lease cost6 6 10 11 
Total lease cost$26 $25 $50 $50 
The following tables present other information related to the Company’s operating leases:
Three Months Ended June 30,
Six Months Ended June 30,
2025202420252024
Cash paid for amounts included in the measurement of operating lease liabilities$31 $29 $61 $59 
Right-of-use assets obtained in exchange for new operating lease liabilities
$26 $1 $47 $5 
June 30, 2025June 30, 2024
Weighted-average remaining lease term
4.0 years4.1 years
Weighted-average discount rate applied to operating leases
3.5 %3.2 %
The following table presents a maturity analysis of the future minimum lease payments included within the Company’s operating lease liabilities at June 30, 2025:
Year Ending December 31,Operating Leases
2025 (After June 30,)
$57 
2026101 
202785 
202830 
202925 
After 202940 
Total lease payments (undiscounted)338 
Less: Interest23 
Present value of lease liabilities:$315 
Lease liabilities - current$101 
Lease liabilities - noncurrent$214 
As of June 30, 2025, the Company has entered into an additional operating lease that has not yet commenced, with a lease obligation of approximately $149 million related to the lease of office space. Accordingly, the ROU Assets and operating lease liabilities at June 30, 2025 do not reflect the amounts for this lease. This operating lease will commence in 2025 with a lease term of 15 years.