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Leases (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Additional information regarding operating leases

Additional information regarding the Company’s operating leases is as follows:

						December 31,
						2024						2023
Operating lease costs						$	34					$	33
Sublease income (1)						$	(2)					$	(2)
Cash payments included in the measurement of lease liabilities reported in operating cash flows						$	30					$	31
Right-of-use assets obtained in exchange for new lease liabilities						$	30					$	28
Right-of-use assets (2)						$	129					$	125
Operating lease liability (2)						$	163					$	156
Weighted average discount rate						4.9		%				4.7		%
Weighted average remaining lease term						7.2 years						7.2 years

(1)    The sublease income primarily relates to office property in Raleigh, North Carolina.

(2)    The right-of-use assets are included in ‘other assets’ while the operating lease liability is included in ‘other liabilities.’

Contractual maturities of operating lease liabilities

The following table presents the contractual maturities of the Company's operating lease liabilities at December 31, 2024:

Years Ending December 31,
2025						$	31
2026						31
2027						28
2028						24
2029						19
2030 and thereafter						63
Total undiscounted lease liability						$	196
Less: present value adjustment						(33)
Operating lease liability						$	163

X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-4

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X

- References

No definition available.

+ Details

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Namespace Prefix:	us-gaap_
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X

- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-6

+ Details

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