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Leases, Codification Topic 842 (Notes)
 12 Months Ended
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 liabilitiesOther accrued liabilities$19 
Long-term operating lease liabilitiesOperating lease liabilities, net of current66 
Total operating lease liabilities85 
Less:
Landlord funded tenant improvements13 
Deferred rent7 
Operating lease ROU assetsRight-of-use leased assets$65 
Weighted average remaining lease term
5 years
Weighted average discount rate5 %
The following presents the maturity of our operating lease liabilities as of December 31, 2024:
(in millions)
Operating Leases
2025$23 
202620 
202718 
202813 
20298 
Thereafter16 
Total remaining obligation98 
Less imputed interest13 
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.