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Leases, Codification Topic 842 (Notes) | 12 Months Ended
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Dec. 31, 2024
Leases [Abstract] |
Lessee, Operating Leases [Text Block] |
11. | Leases
We have operating leases for office space, other operating facilities, vehicles and office equipment. Our fixed operating lease costs for 2024, 2023 and 2022 were $20 million, $19 million, and $19 million, respectively, and are included in general and administrative expenses on our Consolidated Statements of Income. During 2024, cash paid for amounts included in the measurement of operating lease liabilities was $24 million. The following table presents the lease balances within our Consolidated Balance Sheets, weighted average lease term and weighted average discount rates related to our operating leases:
(dollars in millions) | Classification in Consolidated Balance Sheets | December 31, 2024
Lease liabilities: |  |
Current operating lease liabilities | Other accrued liabilities | $ | 19 |
Long-term operating lease liabilities | Operating lease liabilities, net of current | 66 |
Total operating lease liabilities |  | 85 |
Less: |  |
Landlord funded tenant improvements |  | 13 |
Deferred rent |  | 7 |
Operating lease ROU assets | Right-of-use leased assets | $ | 65 |
Weighted average remaining lease term | 5 years
Weighted average discount rate |  | 5 | %
The following presents the maturity of our operating lease liabilities as of December 31, 2024:
(in millions) | Operating Leases
2025 | $ | 23 |
2026 | 20 |
2027 | 18 |
2028 | 13 |
2029 | 8 |
Thereafter | 16 |
Total remaining obligation | 98 |
Less imputed interest | 13 |
Present value of lease liabilities | $ | 85 |
As of December 31, 2024, we have additional operating leases that have not yet commenced of $22 million with lease terms between two and eight years.

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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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