The Company has operating leases for office spaces, tower facilities, antenna sites, studios and other real estate properties and equipment. The operating leases have remaining lease terms of one month to 89 years, some of which may include options to extend the leases from two years to 99 years, and some of which may include options to terminate the leases within one year. Lease contracts that the Company has executed but which have not yet commenced as of March 31, 2025 were not material.

Supplemental balance sheet information related to operating leases was as follows ($ in millions):


	Balance Sheet Classification	March 31, 2025			December 31, 2024
Operating lease right-of-use assets, net	Other noncurrent assets, net	$	275		$	276
Current operating lease liabilities	Operating lease liabilities	$	41		$	37
Noncurrent operating lease liabilities	Other noncurrent liabilities	$	254		$	253

Weighted Average Remaining Lease Term of Operating leases		8 years			8 years
Weighted Average Discount Rate of Operating leases			4.8	%		4.9	%

Operating lease expense for the three months ended March 31, 2025 was $16 million, of which $7 million and $9 million were included in Direct operating and Selling, general and administrative expenses, respectively, excluding depreciation and amortization, in the accompanying Condensed Consolidated Statements of Operations.

Operating lease expense for the three months ended March 31, 2024 was $16 million, of which $7 million and $9 million were included in Direct operating and Selling, general and administrative expenses, respectively, excluding depreciation and amortization, in the accompanying Condensed Consolidated Statements of Operations.

Cash paid for operating leases included in the operating cash flows was $15 million and $16 million for the three months ended March 31, 2025 and 2024, respectively.

Future minimum lease payments under non-cancellable leases as of March 31, 2025 were as follows (in millions):


	Operating Leases
Remainder of 2025	$	41
2026		50
2027		45
2028		41
2029		39
2030		36
Thereafter		109
Total future minimum lease payments		361
Less: imputed interest		(66	)
Total	$	295