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Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2019

Accounting Policies [Abstract]

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

Recently Adopted Accounting Pronouncements

Standard/Description	Effective Date and Adoption Considerations	Effect on Financial Statements
ASU No. 2016-02, Leases. Entities are required to recognize both assets and liabilities arising from finance and operating leases, along with additional qualitative and quantitative disclosures.	We adopted ASU No. 2016-02 on January 1, 2019.	Further disclosures and details on our adoption of ASU 2016-02 are discussed below.

Accounting Pronouncements Not Yet Adopted

Standard/Description	Effective Date and Adoption Considerations	Effect on Financial Statements
ASU No. 2016-13, Financial Instruments - Measurement of Credit Losses on Financial Instruments. Applies to all financial instruments carried at amortized cost including held-to-maturity debt securities and trade receivables. Requires financial assets carried at amortized cost to be presented at the net amount expected to be collected and requires entities to record credit losses through an allowance for credit losses on available-for-sale debt securities.	Effective at the beginning of our first quarter of fiscal year 2020, with early adoption permitted. We do not expect to early-adopt.	We are currently evaluating this guidance to determine its impact on our consolidated financial statements, and based on our preliminary assessment, we do not expect the impact of adoption of this guidance to be material.

Operating Lease Balance Sheet Details

Details of our lease asset and liability balances are as follows (in millions):

		As of September 30, 2019			As of January 1, 2019
Right-of-use lease assets		$292			$308
Current operating lease liability		52			52
Non-current operating lease liability		287			305
Total operating lease liability		$339			$357

Recognition of Operating Lease Liabilities

As of September 30, 2019, we estimate that our operating lease liability will be recognized in the following years (in millions):

Remainder of 2019	$	14
2020	64
2021	63
2022	61
2023	44
Thereafter	137
Lease liability amounts repayable	383
Interest costs	44
Total operating lease liability	$	339

Supplemental Cash Flow Information and Non-Cash Activity Related to Operating Leases

Supplemental cash flow information and non-cash activity related to our operating leases are as follows:

	Nine Months Ended September 30, 2019				Three Months Ended September 30, 2019
Cash paid for amounts included in the measurement of operating lease liability	$	46			$	15
Right-of-use assets obtained in exchange for operating lease obligations	$	381			$	2

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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.

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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.

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