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Leases
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Leases Leases
We are a party to operating and finance leases primarily for our corporate and health plan offices. Our operating leases have remaining lease terms up to 11 years, some of which include options to extend the leases for up to 10 years. As of December 31, 2024, the weighted average remaining operating lease term is 8 years.
Our finance leases have remaining lease terms up to 14 years, some of which include options to extend the leases for up to 25 years. As of December 31, 2024, the weighted average remaining finance lease term is 11 years.
In the year ended December 31, 2022, the Company recognized $192 million of ROU asset impairments associated with our reduction in leased space used in our business operations to accommodate our move to a remote work environment.
As of December 31, 2024, the weighted-average discount rate used to compute the present value of lease payments was 5.0% for operating lease liabilities, and 6.5% for finance lease liabilities. The components of lease expense for the years ended December 31, 2024, 2023, and 2022 are presented in the following table.
Year Ended December 31,
202420232022
(In millions)
Operating lease expense$14 $15 $31 
Finance lease expense:
Amortization of ROU assets$19 $18 $28 
Interest on lease liabilities15 15 15 
Total finance lease expense$34 $33 $43 
Supplemental consolidated cash flow information related to leases follows:
Year Ended December 31,
202420232022
(In millions)
Cash used in operating activities:
Operating leases$24 $28 $31 
Finance leases15 15 15 
Cash used in financing activities:
Finance leases24 24 15 
ROU assets recognized in exchange for lease obligations:
Operating leases5 12 10 
Finance leases17 13 18 
Supplemental information related to leases, including location of amounts reported in the accompanying consolidated balance sheets, follows:
December 31,
20242023
(In millions)
Operating leases:
ROU assets
Other assets$35 $43 
Lease liabilities
Accounts payable and accrued liabilities (current)$15 $20 
Other long-term liabilities (non-current)68 85 
Total operating lease liabilities$83 $105 
Finance leases:
ROU assets
Property, equipment, and capitalized software, net$65 $67 
Lease liabilities
Accounts payable and accrued liabilities (current)$23 $21 
Finance lease liabilities (non-current)195 205 
Total finance lease liabilities
$218 $226 
Maturities of lease liabilities as of December 31, 2024, were as follows:
Operating Finance
LeasesLeases
(In millions)
2025$19 $36 
202613 32 
202711 27 
20289 25 
20298 25 
Thereafter42 169 
Subtotal - undiscounted lease payments102 314 
Less imputed interest(19)(96)
Total$83 $218 
Leases Leases
We are a party to operating and finance leases primarily for our corporate and health plan offices. Our operating leases have remaining lease terms up to 11 years, some of which include options to extend the leases for up to 10 years. As of December 31, 2024, the weighted average remaining operating lease term is 8 years.
Our finance leases have remaining lease terms up to 14 years, some of which include options to extend the leases for up to 25 years. As of December 31, 2024, the weighted average remaining finance lease term is 11 years.
In the year ended December 31, 2022, the Company recognized $192 million of ROU asset impairments associated with our reduction in leased space used in our business operations to accommodate our move to a remote work environment.
As of December 31, 2024, the weighted-average discount rate used to compute the present value of lease payments was 5.0% for operating lease liabilities, and 6.5% for finance lease liabilities. The components of lease expense for the years ended December 31, 2024, 2023, and 2022 are presented in the following table.
Year Ended December 31,
202420232022
(In millions)
Operating lease expense$14 $15 $31 
Finance lease expense:
Amortization of ROU assets$19 $18 $28 
Interest on lease liabilities15 15 15 
Total finance lease expense$34 $33 $43 
Supplemental consolidated cash flow information related to leases follows:
Year Ended December 31,
202420232022
(In millions)
Cash used in operating activities:
Operating leases$24 $28 $31 
Finance leases15 15 15 
Cash used in financing activities:
Finance leases24 24 15 
ROU assets recognized in exchange for lease obligations:
Operating leases5 12 10 
Finance leases17 13 18 
Supplemental information related to leases, including location of amounts reported in the accompanying consolidated balance sheets, follows:
December 31,
20242023
(In millions)
Operating leases:
ROU assets
Other assets$35 $43 
Lease liabilities
Accounts payable and accrued liabilities (current)$15 $20 
Other long-term liabilities (non-current)68 85 
Total operating lease liabilities$83 $105 
Finance leases:
ROU assets
Property, equipment, and capitalized software, net$65 $67 
Lease liabilities
Accounts payable and accrued liabilities (current)$23 $21 
Finance lease liabilities (non-current)195 205 
Total finance lease liabilities
$218 $226 
Maturities of lease liabilities as of December 31, 2024, were as follows:
Operating Finance
LeasesLeases
(In millions)
2025$19 $36 
202613 32 
202711 27 
20289 25 
20298 25 
Thereafter42 169 
Subtotal - undiscounted lease payments102 314 
Less imputed interest(19)(96)
Total$83 $218