Leases Lessee Disclosure (Tables)

12 Months Ended

Dec. 31, 2022

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


		December 31,
Lease Type	Balance Sheet Classification	2022			2021
Assets:
Operating lease assets	Operating lease assets, net	$	422		$	453
Finance lease assets (a)	Property and equipment, net	34			33
Total lease assets, net		$	456		$	486
Liabilities:
Current:
Operating lease liabilities	Current portion of operating lease liabilities	$	122		$	128
Finance lease liabilities	Accrued expenses and other current liabilities	11			11
Non-current:
Operating lease liabilities	Long-term operating lease liabilities	371			417
Finance lease liabilities	Other non-current liabilities	14			13
Total lease liabilities		$	518		$	569

Weighted Average Lease Term and Discount Rate
Weighted average remaining lease term (years):
Operating leases		5.3			5.6
Finance leases		2.9			2.7

Weighted average discount rate:
Operating leases		4.3		%	4.2		%
Finance leases		3.9		%	3.4		%

_______________

(a)Finance lease assets are recorded net of accumulated amortization of $50 million and $45 million at December 31, 2022 and 2021, respectively.

Lease Liability Maturity Table

As of December 31, 2022, maturities of lease liabilities by fiscal year were as follows:


Maturity of Lease Liabilities	Operating Leases		Finance Leases		Total
2023	$	132	$	10	$	142
2024	120		8		128
2025	94		4		98
2026	69		3		72
2027	46		1		47
Thereafter	92		—		92
Total lease payments	553		26		579
Less: Interest	60		1		61
Present value of lease liabilities	$	493	$	25	$	518

Lease, Cost

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


	Year Ended December 31,
Lease Costs	2022		2021		2020
Operating lease costs	$	140	$	141	$	150
Finance lease costs:
Amortization of leased assets	12		12		12
Interest on lease liabilities	1		1		2
Other lease costs (a)	23		24		24
Impairment (b)	6		2		46
Less: Sublease income, gross	2		2		2
Net lease cost	$	180	$	178	$	232

_______________

(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,
	2022		2021		2020
Supplemental cash flow information:
Operating cash flows from operating leases	$	162	$	162	$	165
Operating cash flows from finance leases	1		1		2
Financing cash flows from finance leases	13		13		14

Supplemental non-cash information:
Lease assets obtained in exchange for lease obligations:
Operating leases	$	92	$	134	$	103
Finance leases	14		6		11