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Leases (Tables) | 3 Months Ended
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Mar. 31, 2021
Leases [Abstract] |
Lease Cost and Additional Information | The following chart provides additional information about the Company’s property leases:
|  |  | Three Months Ended March 31,
(In millions) |  |  |  | 2021 | 2020
Lease Cost: |  |  |  |  |
Operating lease cost |  |  |  | $ | 94 |  | $ | 92 |
Short-term lease cost |  |  |  | 1 |  | 1 |
Variable lease cost |  |  |  | 37 |  | 37 |
Sublease income |  |  |  | (8) |  | (5) |
Net lease cost |  |  |  | $ | 124 |  | $ | 125 |
Other information: |  |  |  |  |
Operating cash outflows from operating leases |  |  |  | $ | 99 |  | $ | 103 |
Right of use assets obtained in exchange for new operating lease liabilities |  |  |  | $ | 22 |  | $ | 79 |
Weighted-average remaining lease term – real estate |  |  |  | 8.3 years | 8.7 years
Weighted-average discount rate – real estate leases |  |  |  | 2.93 | % | 3.06 | %
Future Minimum Lease Payments for Operating Leases | Future minimum lease payments for the Company’s operating leases as of March 31, 2021 are as follows:
Payment Dates (In millions) | Real Estate Leases
Remainder of 2021 | $ | 308 |
2022 | 381 |
2023 | 332 |
2024 | 289 |
2025 | 257 |
2026 | 235 |
Subsequent years | 678 |
Total future lease payments | 2,480 |
Less: Imputed interest | (288) |
Total | $ | 2,192 |
Current lease liabilities | $ | 342 |
Long-term lease liabilities | 1,850 |
Total lease liabilities | $ | 2,192 |
Note: Table excludes obligations for leases with original terms of 12 months or less which have not been recognized as a right to use asset or liability in the consolidated balance sheets.

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980 + Details
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