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LEASES | 12 Months Ended
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Dec. 31, 2024
Leases [Abstract] |
LEASES | LEASES We lease sales centers, office space and equipment under operating leases. Our leases expire at various dates from 2025 through 2056, with varying renewal and termination options. Our lease terms include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. During the years ended December 31, 2023 and 2022, we ceased utilizing certain offices as part of our integration of business operations and recognized impairments of related operating lease right-of-use assets of $3 million and $6 million, respectively. We did not recognize any impairments during the year ended December 31, 2024. We recognize rent expense on leases with both contingent and non-contingent lease payment terms. Rent associated with non-contingent lease payments are recognized on a straight-line basis over the lease term. Contingent rental expense includes short term and variable rent. Rent expense for all operating leases was as follows:
| Year Ended December 31,
($ in millions) | 2024 |  | 2023 |  | 2022
Minimum rentals | $ | 30 |  |  | $ | 28 |  |  | $ | 34 |
Contingent rentals | 20 |  |  | 11 |  |  | 4 |
Total | $ | 50 |  |  | $ | 39 |  |  | $ | 38 |
Supplemental cash flow information related to operating leases was as follows:
| Year Ended December 31,
($ in millions) | 2024 |  | 2023 |  | 2022
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |
Operating cash outflows from operating leases | $ | 30 |  |  | $ | 27 |  |  | $ | 27 |
Right-of-use assets obtained in exchange for new lease liabilities: |  |  |  |  |
Operating leases | 26 |  |  | 9 |  |  | 25 |
Supplemental balance sheet information related to operating leases was as follows:
| December 31,
| 2024 |  | 2023
Weighted-average remaining lease term of operating leases (in years) | 6 | 6
Weighted-average discount rate of operating leases | 4.90 | % |  | 4.85 | %
The future minimum rent payments under non-cancelable operating leases as of December 31, 2024, are as follows:
($ in millions) | Operating Leases
Year |
2025 | $ | 27 |
2026 | 21 |
2027 | 15 |
2028 | 12 |
2029 | 11 |
Thereafter | 37 |
Total future minimum lease payments | 123 |
Less: imputed interest | (23) |
Present value of lease liabilities | $ | 100 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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