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Leases | 9 Months Ended
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Sep. 30, 2022
Leases [Abstract] |
Leases | Note 5. Leases We have operating leases primarily for our corporate offices, customer service centers and engineering and technology campuses. Our leases have remaining lease terms of less than one year to 12 years, some of which include options to extend the leases for up to five years. Renewal options that are reasonably certain to be exercised are included in the lease term. An incremental borrowing rate is used in determining the present value of lease payments unless an implicit rate is readily determinable. Incremental borrowing rates are determined based on our secured borrowing rating and the lease term. The weighted-average remaining lease term and weighted-average discount rate related to operating leases is as follows:
|  | As of
|  | September 30, |  | December 31,
|  | 2022 |  | 2021
Weighted-average remaining lease term (years) |  | 8 |  |  | 9 |
Weighted-average discount rate |  | 5.6 | % |  | 5.6 | %
We recognized operating lease expense of $1 million for each of the three-month periods ended September 30, 2022 and 2021 and $3 million for each of the nine-month periods ended September 30, 2022 and 2021. These expenses are included in Selling and administrative expenses in the accompanying condensed consolidated statements of operations and comprehensive income. Supplemental cash flow information related to operating leases is as follows:
|  | Nine Months Ended
|  | September 30,
(In millions) |  | 2022 |  | 2021
Cash paid for amounts included in the measurement of lease liabilities |  | $ | 4 |  | $ | 4
Leased assets obtained in exchange for new lease liabilities |  |  | — |  |  | 6
Supplemental balance sheet information related to operating leases is as follows:
|  | As of
|  | September 30, |  | December 31,
(In millions) |  | 2022 |  | 2021
Other accrued liabilities |  | $ | 4 |  | $ | 4
Operating lease liabilities |  |  | 16 |  |  | 19
Total operating lease liabilities |  | $ | 20 |  | $ | 23
The following table presents maturities of our operating lease liabilities as of September 30, 2022.
(In millions) |  |
2022 (remainder) |  | $ | 1
2023(1) |  |  | 4
2024(1) |  |  | 2
2025(1) |  |  | 1
2026(1) |  |  | 2
2027 |  |  | 2
Thereafter |  |  | 10
Total lease payments |  |  | 22
Less imputed interest |  |  | (6)
Total |  | $ | 16
_____________________________ (1)Each of the years ending December 31, 2023 through 2026 presented net of approximately $1 million of projected annual sublease income. Sublease of Company Headquarters On August 10, 2022, we subleased our corporate headquarters facility in Memphis, Tennessee. As a result of us exiting the facility on June 27, 2022, we incurred a non-cash impairment charge of $11 million for the nine months ended September 30, 2022. There were no such charges for the three months ended September 30, 2022.

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