Quarterly report [Sections 13 or 15(d)]

Leases

v3.25.1
Leases
3 Months Ended
Mar. 31, 2025
Leases [Abstract]  
Leases Leases
The Company leases office facilities and warehouses under non-cancelable operating lease agreements that expire through 2042, including renewal options that are reasonably certain to be exercised.
Rent expense under operating leases was $7 million in the three months ended March 31, 2025 and 2024. As of March 31, 2025, the Company’s operating leases had a weighted average remaining lease term of 7.9 years and a weighted average discount rate of 7.4%.