v3.24.2
Leases (Tables)
 6 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Lease, Cost [Table Text Block]
The table below presents information related to the lease costs for finance and operating leases (in millions):
Three Months EndedSix Months Ended
June 30,June 30,
2024202320242023
Operating lease cost$5 $5 $10 $11 
Short-term lease cost$4 $3 $7 $7 
Finance lease cost:
Amortization of right-of-use assets$3 $2 $5 $4 
Interest on lease liabilities— — 1 — 
Total finance lease cost$3 $2 $6 $4 
Leases, Assets and Liabilities [Table Text Block]
The table below presents the lease-related assets and liabilities recorded on the Condensed Consolidated Balance Sheets:
Balance Sheet ClassificationJune 30,
2024		December 31, 2023
Operating leases (in millions):
Operating lease right-of-use assetsOther assets$47 $46 
Operating lease liabilitiesAccrued expenses and other liabilities$84 $87 
Finance leases (in millions):
Finance lease assets (a)
Property and equipment, net$21 $21 
Finance lease liabilitiesDebt$19 $20 
Weighted average remaining lease term:
Operating leases4.6 years5.1 years
Finance leases2.7 years2.8 years
Weighted average discount rate:
Operating leases (b)
6.1 %6.0 %
Finance leases6.6 %6.6 %
(a)Presented net of accumulated depreciation.
(b)Upon adoption of the lease standard, discount rates used for existing leases were established at January 1, 2019.
Leases, Cash Flow Presentation [Table Text Block]
The table below presents supplemental cash flow information related to leases (in millions):
Six Months Ended
June 30,
20242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases$15 $16 
Operating cash outflows from finance leases$1 $— 
Financing cash outflows from finance leases$5 $4 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$9 $1 
Finance leases$5 $10 
Leases, Liability Maturity [Table Text Block]
The table below presents maturities of lease liabilities as of June 30, 2024 (in millions):
Operating LeasesFinance
Leases
Six months ending December 31, 2024$15 $5 
202527 9 
202616 5 
202714 2 
202812 — 
Thereafter13 — 
Total minimum lease payments97 21 
Less: amount of lease payments representing interest(13)(2)
Present value of future minimum lease payments$84 $19