Leases and Other Commitments

12 Months Ended

Dec. 31, 2023

Our operating leases primarily consist of real estate leases such as offices, warehouses, and research and development facilities. Our leases have remaining lease terms ranging from one to nine years, some of which include options to extend the leases for up to three years or to terminate the leases within one year. Our finance leases are immaterial.

Our total operating lease expense was $23 million, $22 million and $21 million for the years ended December 31, 2023, 2022 and 2021, respectively. The total amount of variable and short-term lease payments was immaterial for all periods presented.

Supplemental balance sheet and cash flow information related to operating leases is as follows:


	As of December 31,
	2023			2022
Operating lease right-of-use assets	$	52		$	49
Accrued liabilities	19			17
Operating lease liabilities	39			37
Total operating lease liabilities	$	58		$	54


Weighted average remaining lease term, years	4			4
Weighted average discount rate	6		%	5		%


	Year Ended December 31,
	2023		2022		2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	22	$	20	$	19
Right-of-use assets obtained in exchange for new lease liabilities:
Operating leases	$	16	$	17	$	15

Lease liability maturities:


	2024		2025		2026		2027		2028		Thereafter		Less Imputed Interest		Total
Operating leases	$	19	$	18	$	14	$	7	$	4	$	2	$	(6)	$	58

As of December 31, 2023, we did not have material additional operating leases that have not yet commenced.

Other Commitments

U.S. 401(k) plan

We have a 401(k) plan for U.S.-based employees. Those employees who participate in our 401(k) plan are eligible to receive matching contributions from us for the first 6% of participant contributions (as defined in the plan document). Contribution expense for the years ended December 31, 2023, 2022 and 2021 amounted to $9 million, $8 million and $6 million, respectively.