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Leases | 6 Months Ended
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Jun. 30, 2019
Leases [Abstract] |
Leases | Leases On January 1, 2019, we adopted a new accounting standard that amends the guidance for the accounting and reporting of leases. Certain required disclosures have been made on a prospective basis in accordance with the guidance of the standard. See Note 1, Summary of significant accounting policies. We lease certain facilities and equipment related primarily to administrative, R&D and sales and marketing activities. Leases with lease terms of 12 months or less are expensed on a straight-line basis over the lease term and are not recorded in the Condensed Consolidated Balance Sheets. Most leases include one or more options to renew, with renewal terms that may extend the lease term up to seven years. The exercise of lease renewal options is at our sole discretion. In addition, some of our lease agreements include rental payments adjusted periodically for inflation. Our lease agreements neither contain any residual value guarantees nor impose any significant restrictions or covenants. We sublease certain real estate to third parties. Our sublease portfolio consists of operating leases from former R&D and administrative space. The following table summarizes information related to our leases, all of which are classified as operating, included in our Condensed Consolidated Balance Sheets (in millions):
Condensed Consolidated Balance Sheets locations |  | June 30, 2019
Assets: |  |
Other assets |  | $ | 430 |
Liabilities: |  |
Accrued liabilities |  | $ | 134 |
Other noncurrent liabilities |  | 363 |
Total lease liabilities |  | $ | 497 |
The components of net lease costs were as follows (in millions):
Lease costs |  | Three months ended June 30, 2019 |  | Six months ended June 30, 2019
Operating(1) |  | $ | 51 |  |  | $ | 99 |
Sublease income |  | (9 | ) |  | (17 | )
Total net lease costs |  | $ | 42 |  |  | $ | 82 |
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(1) | Includes short-term leases and variable lease costs, which were not material for the three and six months ended June 30, 2019.
Maturities of lease liabilities as of June 30, 2019, were as follows (in millions):
Maturity dates |  | Operating leases
Remaining six months ending December 31, 2019 |  | $ | 69 |
2020 |  | 152 |
2021 |  | 132 |
2022 |  | 73 |
2023 |  | 62 |
Thereafter |  | 48 |
Total lease payments(1) |  | 536 |
Less imputed interest |  | (39 | )
Present value of lease liabilities |  | $ | 497 |
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(1) | Includes future rental commitments for abandoned leases of $200 million. We expect to receive total future rental income of $158 million related to noncancelable subleases for abandoned facilities.
The weighted-average remaining lease term and weighted-average discount rate of our leases were 4.2 years and 3.32%, respectively, as of June 30, 2019. Cash and noncash information related to our leases was as follows (in millions):
|  | Three months ended June 30, 2019 |  | Six months ended June 30, 2019
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |
Operating cash flows from operating leases |  | $ | 39 |  |  | $ | 73 |
ROU assets obtained in exchange for lease obligations: |  |  |  |
Operating leases |  | $ | 46 |  |  | $ | 54 |

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- 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
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