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Leases Leases | 12 Months Ended
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Dec. 31, 2023
Leases [Abstract] |
Lessee, Operating Leases | 14. Leases The Company, as lessee, has entered into various lease and sublease agreements primarily for office space. The Company has operating leases with remaining lease terms of less than one year to 14 years. The remaining lease terms for the subleases are less than one year to seven years. ROU Assets and Lease Liabilities ROU assets and lease liabilities for operating leases were:
|  | December 31, 2023 |  | December 31, 2022
|  | (In millions)
ROU assets |  | $ | 1,061 |  |  | $ | 961 |
Lease liabilities |  | $ | 1,231 |  |  | $ | 1,147 |
Lease Costs The components of operating lease costs were as follows:
| Years Ended December 31,
| 2023 |  | 2022 |  | 2021
| (In millions)
Operating lease cost | $ | 244 |  |  | $ | 246 |  |  | $ | 271 |
Variable lease cost | $ | 52 |  |  | $ | 45 |  |  | $ | 32 |
Sublease income | $ | (95) |  |  | $ | (103) |  |  | $ | (99) |
Net lease cost | $ | 201 |  |  | $ | 188 |  |  | $ | 204 |
The Company recognized lease ROU asset impairment charges of $5 million, $10 million, and $29 million for the years ended December 31, 2023, 2022 and 2021, respectively. Other Information Supplemental other information related to operating leases was as follows:
| December 31, 2023 |  | December 31, 2022
| (Dollars in millions)
Cash paid for amounts included in the measurement of lease liability - operating cash flows | $ | 253 |  |  | $ | 249 |
ROU assets obtained in exchange for new lease liabilities | $ | 242 |  |  | $ | 58 |
Weighted-average remaining lease term | 8 years |  | 6 years
Weighted-average discount rate | 4.4 | % |  | 3.5 | %
Maturities of Lease Liabilities Maturities of operating lease liabilities were as follows:
|  | December 31, 2023
|  | (In millions)
2024 |  | $ | 246 |
2025 |  | 225 |
2026 |  | 203 |
2027 |  | 168 |
2028 |  | 121 |
Thereafter |  | 526 |
Total undiscounted cash flows |  | 1,489 |
Less: interest |  | 258 |
Present value of lease liability |  | $ | 1,231 |
See Notes 11 and 16 for information about the Company’s investments in leased real estate and financing lease obligations.

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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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