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LEASES (Tables) | 12 Months Ended
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Dec. 31, 2023
Leases [Abstract] |
Summary of Components of Lease Cost | Components of lease costs for the years ended the December 31, 2023, 2022, and 2021, are as follows (in millions):
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Operating lease cost | $ | 11 |  |  | $ | 11 |  |  | $ | 12 |
Variable lease cost | 1 |  |  | — |  |  | 1 |
Short-term lease cost | 1 |  |  | 1 |  |  | — |
Sublease income | (2) |  |  | (1) |  |  | (1) |
Net lease cost | $ | 11 |  |  | $ | 11 |  |  | $ | 12 |
The following table present supplemental lease information (in millions):
December 31, | 2023 |  | 2022 |  | 2021
Cash paid for amounts included in the measurement of operating lease liabilities | $ | (14) |  |  | $ | (11) |  |  | $ | (10) |
Right-of-use assets obtained in exchange for new or acquired lease liabilities | $ | 1 |  |  | $ | 5 |  |  | $ | — |
Summary of Supplemental Balance Sheet Information | The weighted average lease term and the weighted average discount rate are as follows:
December 31, | 2023 |  | 2022
Weighted average remaining lease term for operating leases (in years) | 5.8 |  | 6.6
Weighted average discount rate for operating leases | 11.8 | % |  | 9.9 | %
Summary of Maturity of Operating Lease Liabilities | Maturity of operating lease liabilities as of December 31, 2023 are as follows (in millions):
2024 | $ | 8 |
2025 | 5 |
2026 | 4 |
2027 | 4 |
2028 | 5 |
Thereafter | 8 |
Total undiscounted future cash flows | $ | 34 |
Less: Imputed interest | 10 |
Total lease liabilities | $ | 24 |

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- Definition Assets And Liabilities, Lessee + References No definition available. + Details
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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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