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Leases | 12 Months Ended
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Dec. 31, 2024
Leases [Abstract] |
Leases | Leases We lease office space in a number of locations globally under operating lease arrangements, and in limited instances may enter into operating or finance leases for flight equipment. Our leases have remaining lease terms of up to 17 years, and in some cases we have options to extend the lease terms for up to 10 years. Our finance lease arrangements may be terminated prior to their original expiration date at our discretion. As of December 31, 2024 and 2023, operating lease ROU assets net of lease incentives and lease deficiencies included in other assets were $46 million and $57 million, respectively, and operating lease liabilities included in accounts payable, accrued expenses and other liabilities were $56 million and $92 million, respectively. As of December 31, 2024 and 2023, finance lease liabilities included in other secured debt were $136 million and $140 million, respectively. As of December 31, 2024 and 2023, supplemental balance sheet information related to leases was as follows:
| December 31, 2024 |  | December 31, 2023
| Operating leases |  | Finance leases |  | Operating leases |  | Finance leases
Weighted average remaining lease term (years) | 5.6 |  | 12.7 |  | 4.3 |  | 13.7
Weighted average discount rate | 6.6 | % |  | 6.5 | % |  | 4.1 | % |  | 6.5 | %
As of December 31, 2024, maturities of operating and finance lease liabilities were as follows:
| Operating leases |  | Finance leases
2025 | $ | 15,717 |  |  | $ | 12,800 |
2026 | 12,127 |  |  | 12,800 |
2027 | 12,177 |  |  | 12,800 |
2028 | 11,838 |  |  | 12,800 |
2029 | 9,840 |  |  | 12,800 |
Thereafter | 12,817 |  |  | 158,704 |
Total lease payments | $ | 74,516 |  |  | $ | 222,705 |
Less: Imputed interest | (18,739) |  |  | (86,944) |
Present value of lease liabilities | $ | 55,777 |  |  | $ | 135,761 |
Leases | Leases We lease office space in a number of locations globally under operating lease arrangements, and in limited instances may enter into operating or finance leases for flight equipment. Our leases have remaining lease terms of up to 17 years, and in some cases we have options to extend the lease terms for up to 10 years. Our finance lease arrangements may be terminated prior to their original expiration date at our discretion. As of December 31, 2024 and 2023, operating lease ROU assets net of lease incentives and lease deficiencies included in other assets were $46 million and $57 million, respectively, and operating lease liabilities included in accounts payable, accrued expenses and other liabilities were $56 million and $92 million, respectively. As of December 31, 2024 and 2023, finance lease liabilities included in other secured debt were $136 million and $140 million, respectively. As of December 31, 2024 and 2023, supplemental balance sheet information related to leases was as follows:
| December 31, 2024 |  | December 31, 2023
| Operating leases |  | Finance leases |  | Operating leases |  | Finance leases
Weighted average remaining lease term (years) | 5.6 |  | 12.7 |  | 4.3 |  | 13.7
Weighted average discount rate | 6.6 | % |  | 6.5 | % |  | 4.1 | % |  | 6.5 | %
As of December 31, 2024, maturities of operating and finance lease liabilities were as follows:
| Operating leases |  | Finance leases
2025 | $ | 15,717 |  |  | $ | 12,800 |
2026 | 12,127 |  |  | 12,800 |
2027 | 12,177 |  |  | 12,800 |
2028 | 11,838 |  |  | 12,800 |
2029 | 9,840 |  |  | 12,800 |
Thereafter | 12,817 |  |  | 158,704 |
Total lease payments | $ | 74,516 |  |  | $ | 222,705 |
Less: Imputed interest | (18,739) |  |  | (86,944) |
Present value of lease liabilities | $ | 55,777 |  |  | $ | 135,761 |

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance 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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- 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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