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Leases (Tables) | 12 Months Ended
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Dec. 31, 2024
Leases [Abstract] |
Summary of components of lease expense | The components of lease expense were as follows:
|  | 2024 |  | 2023 |  | 2022
Operating lease expense |  | $ | 67 |  |  | $ | 63 |  |  | $ | 59 |
Variable operating lease expense |  | 17 |  |  | 26 |  |  | 27 |
Short term lease expense |  | 4 |  |  | 3 |  |  | 3 |
Total lease expense |  | $ | 88 |  |  | $ | 92 |  |  | $ | 89 |
Reconciliation of future undiscounted cash flows to the operating lease liabilities and the related ROU assets | The following is a reconciliation of future undiscounted cash flows to the operating lease liabilities and the related operating lease assets as presented within Other non-current liabilities and Other non-current assets, on our Consolidated Balance Sheets as of December 31, 2024:
2025 | $ | 64 |
2026 | 57 |
2027 | 40 |
2028 | 21 |
2029 | 12 |
Thereafter | 26 |
Total future lease payments | 220 |
Less: imputed interest | 16 |
Present value of future lease payments | 204 |
Less: current lease liabilities | 59 |
Non-current operating lease liabilities | $ | 145 |
Operating lease assets | $ | 199 |
Summary of other lease information | Supplemental cash flow information arising from lease transactions is as follows:
|  | Year Ended December 31,
|  | 2024 |  | 2023
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |
Operating cash flows from operating leases |  | $ | 68 |  |  | $ | 64 |
Right-of-use assets obtained in exchange for lease liabilities: |  |  |  |
Operating leases |  | $ | 55 |  |  | $ | 72 |
|  | Year Ended December 31,
|  | 2024 |  | 2023
Lease term and discount rate |  |  |  |
Weighted average remaining lease term |  | 4.8 years |  | 5.3 years
Weighted average discount rate |  | 4.6 | % |  | 4.6 | %

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- 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 + Details
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- 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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