Leases Lessee Disclosure (Tables)

12 Months Ended

Dec. 31, 2021

Supplemental balance sheet information related to the Company's leases was as follows:


		December 31,
Lease Type	Balance Sheet Classification	2021			2020
Assets:
Operating lease assets	Operating lease assets, net	$	453		$	450
Finance lease assets (a)	Property and equipment, net	33			40
Total lease assets, net		$	486		$	490
Liabilities:
Current:
Operating lease liabilities	Current portion of operating lease liabilities	$	128		$	129
Finance lease liabilities	Accrued expenses and other current liabilities	11			13
Non-current:
Operating lease liabilities	Long-term operating lease liabilities	417			430
Finance lease liabilities	Other non-current liabilities	13			19
Total lease liabilities		$	569		$	591

Weighted Average Lease Term and Discount Rate
Weighted average remaining lease term (years):
Operating leases		5.6			5.9
Finance leases		2.7			2.8

Weighted average discount rate:
Operating leases		4.2		%	4.6		%
Finance leases		3.4		%	3.7		%

_______________

(a)Finance lease assets are recorded net of accumulated amortization of $45 million and $40 million at December 31, 2021 and 2020, respectively.

Lease Liability Maturity Table

As of December 31, 2021, maturities of lease liabilities by fiscal year were as follows:


Maturity of Lease Liabilities	Operating Leases		Finance Leases		Total
2022	$	146	$	11	$	157
2023	129		8		137
2024	105		5		110
2025	75		1		76
2026	51		—		51
Thereafter	111		—		111
Total lease payments	617		25		642
Less: Interest	72		1		73
Present value of lease liabilities	$	545	$	24	$	569

Lease, Cost

Supplemental income statement information related to the Company's leases is as follows:


	Year Ended December 31,
Lease Costs	2021		2020		2019
Operating lease costs	$	141	$	150	$	165
Finance lease costs:
Amortization of leased assets	12		12		13
Interest on lease liabilities	1		2		2
Other lease costs (a)	24		24		28
Impairment (b)	2		46		12
Less: Sublease income, gross	2		2		3
Net lease cost	$	178	$	232	$	217

_______________

(a)Primarily consists of variable lease costs.

(b)Impairment charges relate to the exit and sublease of certain real estate operating leases. In 2020, the Company impaired or restructured a portion of its corporate headquarters in Madison, New Jersey and the relocation operations' main corporate location in Danbury, Connecticut.

Schedule of Cash Flow, Supplemental Disclosures

Supplemental cash flow information related to leases was as follows:


	Year Ended December 31,
	2021		2020		2019
Supplemental cash flow information:
Operating cash flows from operating leases	$	162	$	165	$	162
Operating cash flows from finance leases	1		2		2
Financing cash flows from finance leases	13		14		15

Supplemental non-cash information:
Lease assets obtained in exchange for lease obligations:
Operating leases	$	134	$	103	$	153
Finance leases	6		11		18