v3.22.1
LEASES (Tables)
 12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Assets and Liabilities, Lessee The following table presents the carrying value of operating lease right-of-use assets and lease liabilities recorded within the corresponding line items on the Company’s Consolidated Balance Sheets at December 31, 2020 and 2021 (in millions):
December 31, 2020December 31, 2021
Operating lease assets, net$80 $228 
Current portion of lease liabilities and other current liabilities$18 $46 
Long-term lease liabilities83 218 
Total lease liabilities$101 $264 
Lessee, Operating Lease, Liability, Maturity
The following table summarizes the contractual maturities of operating lease liabilities as of December 31, 2021 (in millions):

Operating Leases
2022$54 
202353 
202449 
202544 
202637 
Thereafter65 
Total undiscounted liabilities302 
Less: Present value discount(38)
Total lease liabilities$264 
Lease, Cost
The weighted average remaining lease term and weighted average discount rate for operating leases at December 31, 2020 and 2021 were as follows:

December 31, 2020December 31, 2021
Weighted average remaining operating lease term (in years)5.86.1
Weighted average operating lease discount rate3.8 %4.0 %

Supplemental cash flow information related to operating leases for the year ended December 31, 2020 and 2021 is as follows (in millions):
December 31, 2020December 31, 2021
Cash paid for amounts included in the measurement of operating lease liabilities$11 $31 
Right-of-use assets obtained in exchange for operating lease liabilities (non-cash)$87 $178