v3.22.4
Leases
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Leases Leases
The Company’s material operating leases consist of office space and data center space. The Company’s leases generally have remaining terms of one to 16 years, some of which include one or more options to extend the leases up to 10 years. Additionally, some lease contracts include termination options. Generally, the lease term is the minimum of the non-cancelable period of the lease or the lease term inclusive of reasonably certain renewal periods. Sublease income was immaterial for the years ended December 31, 2020, 2021, and 2022.

The components of lease cost were as follows (in millions):

Year Ended December 31,
202020212022
Operating lease cost(1)
$91 $83 $77 
Short-term lease cost(1)
Variable lease cost(1)
12 14 17 
Lease cost, net(2)
$104 $100 $96 
(1)Classified within operations and support, product development, sales and marketing, and general and administrative expenses in the consolidated statements of operations.
(2)Lease costs do not include lease impairments due to restructuring. Refer to Note 17, Restructuring, for additional information.

Supplemental disclosures of cash flow information related to operating lease liabilities were as follows (in millions):

Year Ended December 31,
202020212022
Cash paid for operating leases$63 $92 $102 
Net impact of non-cash changes to right-of-use assets related to modifications and reassessments of operating leases103 18 (5)
Lease term and discount rate were as follows:
December 31,
20212022
Weighted-average remaining lease term (years)7.26.0
Weighted-average discount rate6.8 %7.0 %

Maturities of lease liabilities (excluding short-term leases) were as follows as of December 31, 2022 (in millions):

Year Ending December 31,Amount
2023$81 
202453 
202587 
202679 
202731 
Thereafter128 
Total lease payments459 
Less: Imputed interest(105)
Present value of lease liabilities354 
Less: Current portion of lease liabilities(59)
Total long-term lease liabilities$295