LEASES

6 Months Ended

Jun. 30, 2021

Leases [Abstract]

LEASES

LEASES

The Company has operating leases, substantially all of which relate to the lease of office space. The Company’s leases which are classified as finance leases are not material to the consolidated financial statements. Certain of the Company’s leases include options to renew, with renewal terms that can extend the lease term from one year to 20 years at the Company’s discretion.

The following table presents the components of the Company’s lease cost:

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Operating lease cost	$	23	$	24	$	47	$	48
Sublease income	(1)		(1)		(2)		(2)
Variable lease cost	5		5		10		10
Total lease cost	$	27	$	28	$	55	$	56

The following tables present other information related to the Company’s operating leases:

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Cash paid for amounts included in the measurement of operating lease liabilities	$	28	$	27	$	56	$	53
Right-of-use assets obtained in exchange for new operating lease liabilities	$	2	$	11	$	6	$	20

	June 30, 2021		June 30, 2020
Weighted-average remaining lease term	5.6 years		6.5 years
Weighted-average discount rate applied to operating leases	3.6	%	3.6	%

The following table presents a maturity analysis of the future minimum lease payments included within the Company’s operating lease liabilities at June 30, 2021:

Year Ending December 31,	Operating Leases
2021 (After June 30)	$	55
2022	100
2023	94
2024	85
2025	77
After 2025	117
Total lease payments (undiscounted)	528
Less: Interest	50
Present value of lease liabilities:	$	478
Lease liabilities - current	$	92
Lease liabilities - noncurrent	$	386