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Leases (Tables) | 9 Months Ended
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Sep. 30, 2019
Leases [Abstract] |
Lease Costs and Supplemental Cash Flow Information | The following table is a summary of the Company’s components of net lease cost for the three and nine months ended September 30, 2019:
In millions | Three Months Ended September 30, 2019 |  | Nine Months Ended September 30, 2019
Operating lease cost | $ | 681 |  |  | $ | 2,044 |
Finance lease cost: |  |  |
Amortization of right-of-use assets | 9 |  |  | 27 |
Interest on lease liabilities | 11 |  |  | 32 |
Total finance lease costs | 20 |  |  | 59 |
Short-term lease costs | 5 |  |  | 17 |
Variable lease costs | 148 |  |  | 434 |
Less: sublease income | 13 |  |  | 35 |
Net lease cost | $ | 841 |  |  | $ | 2,519 |
Supplemental cash flow information related to leases for the nine months ended September 30, 2019 is as follows:
In millions |
Cash paid for amounts included in the measurement of lease liabilities: |
Operating cash flows paid for operating leases | $ | 2,023 |
Operating cash flows paid for interest portion of finance leases | 32 |
Financing cash flows paid for principal portion of finance leases | 19 |
Right-of-use assets obtained in exchange for lease obligations: |
Operating leases | 1,203 |
Finance leases | 82 |
Supplemental Balance Sheet Information | Supplemental balance sheet information related to leases as of September 30, 2019 is as follows:
In millions, except lease term and discount rate |
Operating leases: |
Operating lease right-of-use assets | $ | 20,757 |
Current portion of operating lease liabilities | $ | 1,798 |
Long-term operating lease liabilities | 18,826 |
Total operating lease liabilities | $ | 20,624 |
Finance leases: (1) |
Property and equipment, net | $ | 560 |
Current portion of long-term debt | $ | 27 |
Long-term debt | 591 |
Total finance lease liabilities | $ | 618 |
Weighted average remaining lease term |
Operating leases | 13.8 |
Finance leases | 20.6 |
Weighted average discount rate |
Operating leases | 4.6 | %
Finance leases | 7.3 | %
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(1) | Finance lease right-of-use assets are included within property and equipment, net and the respective finance lease liabilities are included in current portion of long-term debt and long-term debt on the unaudited condensed consolidated balance sheets.
Maturities of Operating Lease Liabilities | The following table summarizes the maturity of lease liabilities under finance and operating leases as of September 30, 2019:
In millions | Finance Leases |  | Operating Leases (1) |  | Total
2019 (remaining three months) | $ | 18 |  |  | $ | 679 |  |  | $ | 697 |
2020 | 70 |  |  | 2,688 |  |  | 2,758 |
2021 | 68 |  |  | 2,567 |  |  | 2,635 |
2022 | 64 |  |  | 2,408 |  |  | 2,472 |
2023 | 62 |  |  | 2,297 |  |  | 2,359 |
Thereafter | 883 |  |  | 17,165 |  |  | 18,048 |
Total lease payments (2) | 1,165 |  |  | 27,804 |  |  | 28,969 |
Less: imputed interest | (547 | ) |  | (7,180 | ) |  | (7,727 | )
Total lease liabilities | $ | 618 |  |  | $ | 20,624 |  |  | $ | 21,242 |
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(1) | Future operating lease payments have not been reduced by minimum sublease rentals of $320 million due in the future under noncancelable subleases.
(2) The Company leases pharmacy and clinic space from Target Corporation. Amounts related to such finance and operating leases are reflected above. Pharmacy lease amounts due in excess of the remaining estimated economic life of the buildings of approximately $2.3 billion are not reflected in this table since the estimated economic life of the buildings is shorter than the contractual term of the pharmacy lease arrangement.
Maturities of Financing Lease Liabilities | The following table summarizes the maturity of lease liabilities under finance and operating leases as of September 30, 2019:
In millions | Finance Leases |  | Operating Leases (1) |  | Total
2019 (remaining three months) | $ | 18 |  |  | $ | 679 |  |  | $ | 697 |
2020 | 70 |  |  | 2,688 |  |  | 2,758 |
2021 | 68 |  |  | 2,567 |  |  | 2,635 |
2022 | 64 |  |  | 2,408 |  |  | 2,472 |
2023 | 62 |  |  | 2,297 |  |  | 2,359 |
Thereafter | 883 |  |  | 17,165 |  |  | 18,048 |
Total lease payments (2) | 1,165 |  |  | 27,804 |  |  | 28,969 |
Less: imputed interest | (547 | ) |  | (7,180 | ) |  | (7,727 | )
Total lease liabilities | $ | 618 |  |  | $ | 20,624 |  |  | $ | 21,242 |
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(1) | Future operating lease payments have not been reduced by minimum sublease rentals of $320 million due in the future under noncancelable subleases.
(2) The Company leases pharmacy and clinic space from Target Corporation. Amounts related to such finance and operating leases are reflected above. Pharmacy lease amounts due in excess of the remaining estimated economic life of the buildings of approximately $2.3 billion are not reflected in this table since the estimated economic life of the buildings is shorter than the contractual term of the pharmacy lease arrangement.

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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=77888426&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=77888426&loc=SL77918701-209980 + Details
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