Operating and finance lease assets and liabilities consist of the following as of the dates presented:


		December 31,		December 31,
	Presentation on Consolidated Balance Sheet	2024		2023
		(in millions)
Noncurrent Lease Assets:
Finance lease	Property and equipment, net	$	57	$	67
Operating lease	Operating lease right-of-use-assets		17		15
	Total lease assets	$	74	$	82


Current Lease Liabilities:
Finance lease	Accrued expenses and other current liabilities	$	7	$	6
Operating lease	Accrued expenses and other current liabilities		6		10
	Total current lease liabilities		13		16

Noncurrent Lease Liabilities:
Finance lease	Finance lease liability, net of current portion		43		51
Operating lease	Operating lease liabilities, net of current portion		11		6
	Total noncurrent lease liabilities		54		57

	Total lease liabilities	$	67	$	73

As of December 31, 2024, we did not have any additional operating or finance leases that have not yet commenced but that create significant rights and obligations for us.

The components of lease expense were as follows for the periods presented:


	Year ended December 31,
	2024			2023			2022
	(in millions)
Operating lease cost (1)	$	14		$	17		$	19
Finance lease cost:
Amortization of right-of-use assets (2)	$	10		$	10		$	10
Interest on lease liabilities (3)		2			3			3
Total finance lease cost	$	12		$	13		$	13
Sublease income (1)		(3	)		(5	)		(9	)
Total lease cost, net	$	23		$	25		$	23

(1)

Operating lease costs, net of sublease income, are included within operating expenses in our consolidated statements of operations.

(2)

Amount is included in depreciation expense in our consolidated statements of operations.

(3)

Amount is included in interest expense in our consolidated statements of operations.

Additional information related to our leases is as follows for the periods presented:


	Year ended December 31,
	2024		2023		2022
Supplemental Cash Flows Information:	(in millions)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$	12	$	17	$	22
Operating cash outflows from finance lease		2		4		3
Financing cash outflows from finance lease		7		8		6

Right-of-use assets obtained in exchange for lease liabilities:
Operating leases	$	13	$	4	$	2


	Year ended December 31,
	2024			2023
Weighted-average remaining lease term:
Operating leases	5.1 years			2.0 years
Finance lease	6.0 years			7.0 years

Weighted-average discount rate:
Operating leases		5.5	%		4.1	%
Finance lease		4.5	%		4.5	%

Future lease payments under non-cancelable leases as of December 31, 2024 were as follows:


Year Ending December 31,	Operating Leases			Finance Lease
	(in millions)
2025	$	7		$	10
2026		4			10
2027		2			10
2028		2			9
2029		1			9
Thereafter		4			9
Total future lease payments		20			57
Less imputed interest		(3	)		(7	)
Total lease liabilities	$	17		$	50