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LEASES (Tables)
 12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Schedule of Components of Lease Expense
The following table presents lease expense we have recorded in our consolidated statements of operations for the years ended December 31, 2021, 2020, and 2019 (in millions):
202120202019
Finance lease expense:
Amortization of finance lease asset$3 $3 $3 
Interest on lease liabilities3 4 4 
Total finance lease expense6 7 7 
Operating lease expense (a)60 64 47 
Total lease expense$66 $71 $54 
(a)Includes variable lease expense of $7 million for each of the years ended December 31, 2021 and 2020 and $5 million for the year ended December 31, 2019 and short-term lease expense of $1 million for each of the years ended December 31, 2021, 2020, and 2019.
The following table presents other information related to leases for the years ended December 31, 2021, 2020, and 2019 (in millions):
202120202019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$52 $55 $38 
Operating cash flows from finance leases$3 $3 $4 
Financing cash flows from finance leases$5 $5 $5 
Leased assets obtained in exchange for new operating lease liabilities$50 $20 $35 
Leased assets obtained in exchange for new finance lease liabilities$4 $6 $— 
Schedule of Maturity of Finance Leases
The following table summarizes our outstanding operating and finance lease obligations as of December 31, 2021 (in millions):
Operating LeasesFinance LeasesTotal
2022$47 $8 $55 
202341 8 49 
202435 7 42 
202534 6 40 
202629 6 35 
2027 and thereafter121 14 135 
Total undiscounted obligations307 49 356 
Less imputed interest(67)(12)(79)
Present value of lease obligations$240 $37 $277 
Schedule of Maturity of Operating Leases
The following table summarizes our outstanding operating and finance lease obligations as of December 31, 2021 (in millions):
Operating LeasesFinance LeasesTotal
2022$47 $8 $55 
202341 8 49 
202435 7 42 
202534 6 40 
202629 6 35 
2027 and thereafter121 14 135 
Total undiscounted obligations307 49 356 
Less imputed interest(67)(12)(79)
Present value of lease obligations$240 $37 $277 
Schedule of Supplemental Balance Sheet Information
The following table summarizes supplemental balance sheet information related to leases as of December 31, 2021 and December 31, 2020 (in millions, except lease term and discount rate):
20212020
Operating LeasesFinance LeasesOperating LeasesFinance Leases
Lease assets, non-current$207 $18 (a)$197 $17 (a)
Lease liabilities, current35 5 34 5 
Lease liabilities, non-current205 32 198 33 
Total lease liabilities$240 $37 $232 $38 
Weighted average remaining lease term (in years)8.397.719.398.39
Weighted average discount rate5.4 %7.9 %5.7 %8.4 %
(a)Finance lease assets are reflected in property and equipment, net in our consolidated balance sheets.