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Leases
 12 Months Ended
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, 2024December 31, 2023
Operating leasesFinance leasesOperating leases Finance leases
Weighted average remaining lease term (years)5.612.74.313.7
Weighted average discount rate6.6 %6.5 %4.1 %6.5 %
As of December 31, 2024, maturities of operating and finance lease liabilities were as follows:
Operating leasesFinance leases
2025$15,717 $12,800 
202612,127 12,800 
202712,177 12,800 
202811,838 12,800 
20299,840 12,800 
Thereafter12,817 158,704 
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, 2024December 31, 2023
Operating leasesFinance leasesOperating leases Finance leases
Weighted average remaining lease term (years)5.612.74.313.7
Weighted average discount rate6.6 %6.5 %4.1 %6.5 %
As of December 31, 2024, maturities of operating and finance lease liabilities were as follows:
Operating leasesFinance leases
2025$15,717 $12,800 
202612,127 12,800 
202712,177 12,800 
202811,838 12,800 
20299,840 12,800 
Thereafter12,817 158,704 
Total lease payments$74,516 $222,705 
Less: Imputed interest(18,739)(86,944)
Present value of lease liabilities$55,777 $135,761