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LEASES
9 Months Ended
Sep. 30, 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 September 30,
Nine Months Ended September 30,
2024202320242023
Operating lease cost$23 $23 $66 $70 
Sublease income(1)(1)(5)(5)
Variable lease cost5 16 16 
Total lease cost$27 $28 $77 $81 
The following tables present other information related to the Company’s operating leases:
Three Months Ended September 30,
Nine Months Ended September 30,
2024202320242023
Cash paid for amounts included in the measurement of operating lease liabilities$31 $30 $90 $90 
Right-of-use assets obtained in exchange for new operating lease liabilities
$15 $$20 $25 
September 30, 2024September 30, 2023
Weighted-average remaining lease term
4.0 years4.6 years
Weighted-average discount rate applied to operating leases
3.2 %3.2 %
The following table presents a maturity analysis of the future minimum lease payments included within the Company’s operating lease liabilities at September 30, 2024:
Year Ending December 31,Operating Leases
2024 (After September 30,)
$30 
2025113 
202693 
202775 
202824 
After 202841 
Total lease payments (undiscounted)376 
Less: Interest22 
Present value of lease liabilities:$354 
Lease liabilities - current$109 
Lease liabilities - noncurrent$245