Leases

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Leases

8. Leases

The Company’s leases primarily relate to office space and equipment, with remaining lease terms of generally 1 to 8 years. Certain lease arrangements contain extension options, which typically range from 1 to 7 years, at the then fair market rental rates. As of December 31, 2022 and 2021, operating lease ROU assets were $96 and $111, respectively, and liabilities were $111 and $122, respectively, which were included in “other assets”, and “payables and other liabilities”, respectively, on the consolidated balance sheets. The Company does not currently have any significant finance leases in which it is the lessee.

The table below summarizes the Company’s net lease cost:

	Year Ended December 31,
Net Lease Cost	2022		2021
Operating lease cost	$	26	$	31
Sublease income	(3)		(4)
Total net lease cost	$	23	$	27

The table below summarizes other information related to the Company’s operating leases:

	Year Ended December 31,
Operating Leases - Other Information	2022			2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	23		$	27
Leased assets obtained in exchange for new operating lease liabilities	$	15		$	46
Weighted average remaining lease term - operating leases, in years	6.0			6.3
Weighted average discount rate - operating leases	3.8		%	3.8		%

Maturities of operating lease liabilities as of December 31, 2022 are as follows:

Year Ending December 31,	Operating Leases
2023	$	22
2024	20
2025	19
2026	19
2027	18
Thereafter	26
Total future minimum lease payments	124
Less: imputed interest	13
Total operating lease liabilities	$	111