v3.25.2
Leases (Tables)
6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Weighted Average Remaining Lease Term and Discount Rate

The weighted-average remaining lease term and weighted-average discount rate related to our operating leases are as follows:

 

 

 

As of

 

 

June 30,

 

December 31,

 

 

2025

 

2024

Weighted-average remaining lease term (years)

 

 

8

 

 

 

 

9

 

 

Weighted-average discount rate

 

 

6.5

 

%

 

 

6.5

 

%

Supplemental Statement of Financial Position Information Related to Leases

Supplemental statement of financial position information related to our operating lease liabilities is as follows:

 

 

 

As of

 

 

 

June 30,

 

 

December 31,

 

(In millions)

 

2025

 

 

2024

 

Other accrued liabilities

 

$

 

2

 

 

$

 

2

 

Operating lease liabilities

 

 

 

19

 

 

 

 

20

 

Total operating lease liabilities

 

$

 

21

 

 

$

 

22

 

Supplemental Cash Flow Related to Leases

Supplemental cash flow information related to our operating leases is as follows:

 

 

 

Six Months Ended

 

 

 

June 30,

 

(In millions)

 

2025

 

 

2024

 

Cash paid on operating lease liabilities(1)

 

$

 

2

 

 

$

 

2

 

Right-of-use assets obtained in exchange for lease obligations

 

 

 

 

 

 

 

7

 

 

(1)
Amount is presented net of cash provided from sublease income.
Maturities of Lease Liabilities

The following table presents the maturities of our operating lease liabilities as of June 30, 2025:

 

(In millions)

 

 

 

 

2025 (remainder)(1)

 

 

 

1

 

2026(1)

 

 

 

3

 

2027

 

 

 

4

 

2028

 

 

 

3

 

2029

 

 

 

3

 

Thereafter

 

 

 

13

 

Total future lease payments(1)

 

 

 

26

 

Less imputed interest

 

 

 

(6

)

Total operating lease liabilities(1)

 

$

 

20

 

 

(1)
Amount is presented net of future sublease income totaling $1 million, which relates to the remainder of the year ending December 31, 2025 and the year ending December 31, 2026.