We have operating leases for office space, other operating facilities, vehicles and office equipment. Our fixed operating lease costs for 2025, 2024 and 2023 were $24 million, $20 million, and $19 million, respectively, and are included in general and administrative expenses on our Consolidated Statements of Operations. Lease costs for 2025 includes $3 million of accelerated lease costs related to the consolidation of sales offices during the year. During 2025, cash paid for amounts included in the measurement of operating lease liabilities was $24 million.

The following table presents the lease balances within our Consolidated Balance Sheets, weighted average lease term


(dollars in millions)	Classification in Consolidated Balance Sheets	December 31, 2025



Lease liabilities:
Current operating lease liabilities	Other accrued liabilities	$	19
Long-term operating lease liabilities	Operating lease liabilities, net of current	66
Total operating lease liabilities		85
Less:
Landlord funded tenant improvements		10
Deferred rent		12
Operating lease ROU assets	Right-of-use leased assets	$	63

Weighted average remaining lease term		5 years
Weighted average discount rate		5		%


(in millions)	Operating Leases

2026	$	23
2027	22
2028	18
2029	12
2030	9
Thereafter	13
Total remaining obligation	97
Less imputed interest	12
Present value of lease liabilities	$	85

As of December 31, 2025, we have additional operating leases that have not yet commenced of $5 million with lease terms between six and seven years.