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Leases | 12 Months Ended
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Dec. 31, 2024
Leases [Abstract] |
Leases | Leases The Company’s material operating leases consist of office space. The Company’s leases generally have remaining terms of one to 14 years, some of which include one or more options to extend the leases up to 10 years. Additionally, some lease contracts include termination options. Generally, the lease term is the minimum of the non-cancelable period of the lease or the lease term inclusive of reasonably certain renewal periods. The components of lease cost, excluding the immaterial impact from sublease income, were as follows (in millions):
| Year Ended December 31,
| 2022 | 2023 | 2024
Operating lease cost | $ | 77 |  | $ | 58 |  | $ | 53 |
Short-term lease cost | 2 |  | 6 |  | 4 |
Variable lease cost | 17 |  | 16 |  | 17 |
Lease cost, net | $ | 96 |  | $ | 80 |  | $ | 74 |
Lease costs are classified within operations and support, product development, sales and marketing, and general and administrative expenses on the consolidated statements of operations. Lease costs, net do not include lease impairments due to restructuring. Refer to Note 17. Restructuring for additional information. Weighted-average lease term and discount rate were as follows:
| December 31,
| 2023 | 2024
Weighted-average remaining lease term (years) | 5.3 | 7.2
Weighted-average discount rate | 7.2 | % | 7.3 | %
Maturities of lease liabilities (excluding short-term leases) were as follows as of December 31, 2024 (in millions):
Year Ending December 31, | Amount(1)
2025 | $ | 83 |
2026 | 69 |
2027 | — |
2028 | 32 |
2029 | 43 |
Thereafter | 181 |
Total lease payments | 408 |
Less: Imputed interest | (109) |
Present value of lease liabilities | 299 |
Less: Current portion of lease liabilities | (63) |
Total long-term lease liabilities | $ | 236 |
(1)Amounts are net of tenant improvement allowances.

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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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