XML 26 R11.htm IDEA: XBRL DOCUMENT
v3.21.2

Leases | 6 Months Ended
--- | ---
Jun. 30, 2021
Leases [Abstract] |
Leases | Note 4 – Leases The components of our lease expense were as follows (in millions):
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2020 |  | 2021 |  | 2020 |  | 2021
Lease cost |  |  |  |  |  |  |  |
Finance lease cost: |  |  |  |  |  |  |  |
Amortization of assets |  | $ | 49 |  |  | $ | 61 |  |  | $ | 93 |  |  | $ | 113 |
Interest on lease liabilities |  | 4 |  |  | 3 |  |  | 8 |  |  | 7 |
Operating lease cost |  | 116 |  |  | 74 |  |  | 211 |  |  | 150 |
Short-term lease cost |  | 4 |  |  | 1 |  |  | 10 |  |  | 4 |
Variable lease cost |  | 32 |  |  | 22 |  |  | 62 |  |  | 42 |
Sublease income |  | — |  |  | (1) |  |  | (1) |  |  | (1) |
Total lease cost |  | $ | 205 |  |  | $ | 160 |  |  | $ | 383 |  |  | $ | 315 |
We did not enter into nor commence any new material operating or finance leases during the three and six months ended June 30, 2021. The assumptions used to value leases for the periods presented were as follows:
|  | As of
|  | December 31, 2020 |  | June 30, 2021
Weighted-average remaining lease term |  |  |  |
Operating leases |  | 16 years |  | 16 years
Finance leases |  | 2 years |  | 2 years
Weighted-average discount rate |  |  |  |
Operating leases |  | 7.0 | % |  | 7.1 | %
Finance leases |  | 5.4 | % |  | 4.7 | %
Maturities of lease liabilities were as follows (in millions):
|  | As of June 30, 2021
|  | Operating Leases |  | Finance Leases
Remainder of 2021 |  | $ | 97 |  |  | $ | 106 |
2022 |  | 310 |  |  | 132 |
2023 |  | 280 |  |  | 34 |
2024 |  | 236 |  |  | 8 |
2025 |  | 190 |  |  | — |
Thereafter |  | 2,111 |  |  | — |
Total undiscounted lease payments |  | 3,224 |  |  | 280 |
Less: imputed interest |  | (1,534) |  |  | (13) |
Total lease liabilities |  | $ | 1,690 |  |  | $ | 267 |
As of June 30, 2021, we had additional operating leases and finance leases, primarily for corporate offices and servers, that have not yet commenced of $496 million and $16 million, respectively. These operating and finance leases will commence between fiscal years 2021 and 2023 with lease terms ranging from 3 years to 11 years.
Leases | Note 4 – Leases The components of our lease expense were as follows (in millions):
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2020 |  | 2021 |  | 2020 |  | 2021
Lease cost |  |  |  |  |  |  |  |
Finance lease cost: |  |  |  |  |  |  |  |
Amortization of assets |  | $ | 49 |  |  | $ | 61 |  |  | $ | 93 |  |  | $ | 113 |
Interest on lease liabilities |  | 4 |  |  | 3 |  |  | 8 |  |  | 7 |
Operating lease cost |  | 116 |  |  | 74 |  |  | 211 |  |  | 150 |
Short-term lease cost |  | 4 |  |  | 1 |  |  | 10 |  |  | 4 |
Variable lease cost |  | 32 |  |  | 22 |  |  | 62 |  |  | 42 |
Sublease income |  | — |  |  | (1) |  |  | (1) |  |  | (1) |
Total lease cost |  | $ | 205 |  |  | $ | 160 |  |  | $ | 383 |  |  | $ | 315 |
We did not enter into nor commence any new material operating or finance leases during the three and six months ended June 30, 2021. The assumptions used to value leases for the periods presented were as follows:
|  | As of
|  | December 31, 2020 |  | June 30, 2021
Weighted-average remaining lease term |  |  |  |
Operating leases |  | 16 years |  | 16 years
Finance leases |  | 2 years |  | 2 years
Weighted-average discount rate |  |  |  |
Operating leases |  | 7.0 | % |  | 7.1 | %
Finance leases |  | 5.4 | % |  | 4.7 | %
Maturities of lease liabilities were as follows (in millions):
|  | As of June 30, 2021
|  | Operating Leases |  | Finance Leases
Remainder of 2021 |  | $ | 97 |  |  | $ | 106 |
2022 |  | 310 |  |  | 132 |
2023 |  | 280 |  |  | 34 |
2024 |  | 236 |  |  | 8 |
2025 |  | 190 |  |  | — |
Thereafter |  | 2,111 |  |  | — |
Total undiscounted lease payments |  | 3,224 |  |  | 280 |
Less: imputed interest |  | (1,534) |  |  | (13) |
Total lease liabilities |  | $ | 1,690 |  |  | $ | 267 |
As of June 30, 2021, we had additional operating leases and finance leases, primarily for corporate offices and servers, that have not yet commenced of $496 million and $16 million, respectively. These operating and finance leases will commence between fiscal years 2021 and 2023 with lease terms ranging from 3 years to 11 years.

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
Name: | us-gaap_LesseeFinanceLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration