Leases

12 Months Ended

Dec. 31, 2022

The components of our operating lease expense were as follows for the periods presented (in millions):


	Year Ended December 31,
	2022		2021		2020
Operating lease cost	$	36	$	38	$	40
Variable lease cost	18		13		10
Total lease cost	$	54	$	51	$	50

We have subleases related to certain of our operating leases. We recognize sublease income on a straight-line basis over the sublease term, which is recorded as a reduction to our operating lease cost. For the years ended December 31, 2022 and 2021, we recognized $10 million and $7 million, respectively, of sublease income. Sublease income was not material for the year ended December 31, 2020.

Total lease costs associated with short-term leases were not material for the years ended December 31, 2022, 2021 and 2020.

Other information related to operating leases was as follows for the periods presented (in millions, except for years and percentages):


	Year Ended December 31,
	2022			2021 (1)			2020
Cash paid for amounts included in the measurement of operating lease liabilities, net of lease incentives of $9, $— and $19 for the years ended December 31, 2022, 2021 and 2020, respectively	$	34		$	43		$	18
Right of use assets obtained in exchange for new operating lease obligations	$	19		$	(36)		$	—
Weighted average remaining lease term for operating leases	7 years			7 years			8 years
Weighted average discount rate for operating leases	8.2		%	7.2		%	6.5		%

(1) During the year ended December 31, 2021, we modified our existing office space lease for our corporate headquarters in Seattle, Washington, whereby the renewal options for certain existing office space which we had previously included in the measurement of the lease liability and right of use asset were removed and we partially terminated our lease early for certain existing office space, resulting in a reduction of the lease liability and right of use asset of approximately $44 million and $42 million, respectively. The lease term for certain other existing leased office space in Seattle was extended such that it now expires in 2032 and retains the two five-year renewal options, partially offsetting the reduction of the lease liability and right of use asset described above.

The following table presents the scheduled maturities of our operating lease liabilities by year as of December 31, 2022 (in millions):


2023	$	42
2024	37
2025	23
2026	24
2027	23
Thereafter	80
Total lease payments	229
Less: Imputed interest	(59)
Present value of lease liabilities	$	170

Operating lease liabilities included in the table above do not include sublease income. As of December 31, 2022, we expect to receive sublease income of approximately $34 million from 2023 through 2030.