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LEASES
3 Months Ended
Mar. 31, 2024
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 March 31,
20242023
Operating lease cost$22 $24 
Sublease income(2)(2)
Variable lease cost5 
Total lease cost$25 $27 
The following tables present other information related to the Company’s operating leases:
Three Months Ended March 31,
20242023
Cash paid for amounts included in the measurement of operating lease liabilities$30 $30 
Right-of-use assets obtained in exchange for new operating lease liabilities
$4 $
March 31, 2024March 31, 2023
Weighted-average remaining lease term
4.2 years4.8 years
Weighted-average discount rate applied to operating leases
3.2 %3.1 %
The following table presents a maturity analysis of the future minimum lease payments included within the Company’s operating lease liabilities at March 31, 2024:
Year Ending December 31,Operating Leases
2024 (After March 31,)
$91 
2025108 
202689 
202771 
202820 
After 202836 
Total lease payments (undiscounted)415 
Less: Interest26 
Present value of lease liabilities:$389 
Lease liabilities - current$109 
Lease liabilities - noncurrent$280