v3.22.4
Leases (Tables)
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Schedule of Lease Cost and Activity The Company's lease costs and activity during the years ended December 31, 2022, 2021, and 2020 were as follows:
December 31,
202220212020
(in millions)
Lease costs:
Finance leases:
  Amortization of finance lease assets$95 $38 $17 
  Interest obligations under finance leases19 8 4 
    Total finance lease costs$114 $46 $21 
Operating leases:
  Fixed lease costs to non-related parties (1)
$129 $56 $29 
  Fixed lease costs to related parties5 6 7 
  Variable short-term lease costs to related parties1 1 2 
     Total operating lease costs$135 $63 $38 
Cash payments related to lease liabilities included in operating cash flows:
  Operating lease liabilities to non-related parties$83 $35 $18 
  Operating lease liabilities to related parties$5 $5 $7 
  Interest payments on finance lease liabilities$19 $8 $4 
Cash payments related to lease liabilities included in financing cash flows:
  Principal payments on finance lease liabilities$139 $56 $20 
(1) The year ended December 31, 2022 includes $28 million of lease termination fees, net of amounts written off for the corresponding operating lease right-of-use assets and operating lease liabilities which were terminated.
Schedule of Finance Lease, Maturity
The following table summarizes maturities of lease liabilities as of December 31, 2022:

Operating Leases (1)
Finance Leases
Related Party (2)
Non-Related PartyTotal OperatingTotal
(in millions)
2023$115 $5 $93 $98 $213 
2024103 3 96 99 202 
202591 2 92 94 185 
202674 2 88 90 164 
202731 2 81 83 114 
Thereafter4 2 304 306 310 
Total minimum lease payments418 16 754 770 1,188 
Less: amount representing interest(44)(3)(200)(203)(247)
Total lease liabilities$374 $13 $554 $567 $941 
(1) Leases that are on a month-to-month basis, short-term leases, and lease extensions that the Company does not expect to exercise are not included.
(2) Related party lease payments exclude rent payments due under the DriveTime Lease Agreement and the DriveTime Hub Lease Agreement for locations where the Company shares space with DriveTime, as those are variable lease payments contingent upon the Company's utilization of the leased assets.
Schedule of Operating Lease, Maturity
The following table summarizes maturities of lease liabilities as of December 31, 2022:

Operating Leases (1)
Finance Leases
Related Party (2)
Non-Related PartyTotal OperatingTotal
(in millions)
2023$115 $5 $93 $98 $213 
2024103 3 96 99 202 
202591 2 92 94 185 
202674 2 88 90 164 
202731 2 81 83 114 
Thereafter4 2 304 306 310 
Total minimum lease payments418 16 754 770 1,188 
Less: amount representing interest(44)(3)(200)(203)(247)
Total lease liabilities$374 $13 $554 $567 $941 
(1) Leases that are on a month-to-month basis, short-term leases, and lease extensions that the Company does not expect to exercise are not included.
(2) Related party lease payments exclude rent payments due under the DriveTime Lease Agreement and the DriveTime Hub Lease Agreement for locations where the Company shares space with DriveTime, as those are variable lease payments contingent upon the Company's utilization of the leased assets.
Schedule of Weighted-Average Remaining Lease Terms and Discount Rates
The weighted-average remaining lease terms and discount rates as of December 31, 2022, 2021, and 2020 were as follows, excluding short-term operating leases:
December 31,
202220212020
Weighted average remaining lease terms (years)
  Operating leases8.49.29.8
  Finance leases4.24.44.4
Weighted-average discount rate
  Operating leases7.1 %7.2 %8.3 %
  Finance leases5.7 %5.4 %5.3 %