Leases Lessee Disclosure (Tables)

12 Months Ended

Dec. 31, 2023

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


		December 31,
Lease Type	Balance Sheet Classification	2023			2022
Assets:
Operating lease assets	Operating lease assets, net	$	380		$	422
Finance lease assets (a)	Property and equipment, net	29			34
Total lease assets, net		$	409		$	456
Liabilities:
Current:
Operating lease liabilities	Current portion of operating lease liabilities	$	113		$	122
Finance lease liabilities	Accrued expenses and other current liabilities	9			11
Non-current:
Operating lease liabilities	Long-term operating lease liabilities	333			371
Finance lease liabilities	Other non-current liabilities	12			14
Total lease liabilities		$	467		$	518

Weighted Average Lease Term and Discount Rate
Weighted average remaining lease term (years):
Operating leases		5.0			5.3
Finance leases		3.0			2.9

Weighted average discount rate:
Operating leases		4.6		%	4.3		%
Finance leases		4.8		%	3.9		%

_______________

(a)Finance lease assets are recorded net of accumulated amortization of $52 million and $50 million at December 31, 2023 and 2022, respectively.

As of December 31, 2023, maturities of lease liabilities by fiscal year were as follows:


Maturity of Lease Liabilities	Operating Leases		Finance Leases		Total
2024	$	126	$	9	$	135
2025	113		6		119
2026	86		5		91
2027	62		2		64
2028	42		—		42
Thereafter	72		—		72
Total lease payments	501		22		523
Less: Interest	55		1		56
Present value of lease liabilities	$	446	$	21	$	467

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


	Year Ended December 31,
Lease Costs	2023		2022		2021
Operating lease costs	$	132	$	140	$	141
Finance lease costs:
Amortization of leased assets	12		12		12
Interest on lease liabilities	1		1		1
Other lease costs (a)	23		23		24
Impairment (b)	11		6		2
Less: Sublease income, gross	2		2		2
Net lease cost	$	177	$	180	$	178

_______________

(a)Primarily consists of variable lease costs.

(b)Impairment charges relate to the exit and sublease of certain real estate operating leases.

Supplemental cash flow information related to leases was as follows:


	Year Ended December 31,
	2023		2022		2021
Supplemental cash flow information:
Operating cash flows from operating leases	$	148	$	162	$	162
Operating cash flows from finance leases	1		1		1
Financing cash flows from finance leases	13		13		13

Supplemental non-cash information:
Lease assets obtained in exchange for lease obligations:
Operating leases	$	92	$	92	$	134
Finance leases	7		14		6