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Leases (Tables) | 12 Months Ended
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Dec. 31, 2020
Leases [Abstract] |
Lease costs and supplemental cash flow information | The following table is a summary of the components of net lease cost for the years ended December 31, 2020 and 2019:
In millions | 2020 |  | 2019
Operating lease cost | $ | 2,670 |  |  | $ | 2,720 |
Finance lease cost: |  |  |
Amortization of right-of-use assets | 56 |  |  | 38 |
Interest on lease liabilities | 58 |  |  | 44 |
Total finance lease costs | 114 |  |  | 82 |
Short-term lease costs | 22 |  |  | 24 |
Variable lease costs | 599 |  |  | 581 |
Less: sublease income | 55 |  |  | 50 |
Net lease cost | $ | 3,350 |  |  | $ | 3,357 |
Supplemental cash flow information related to leases for the years ended December 31, 2020 and 2019 is as follows:
In millions | 2020 |  | 2019
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows paid for operating leases | $ | 2,724 |  |  | $ | 2,701 |
Operating cash flows paid for interest portion of finance leases | 58 |  |  | 44 |
Financing cash flows paid for principal portion of finance leases | 34 |  |  | 26 |
Right-of-use assets obtained in exchange for lease obligations: |  |  |
Operating leases | 1,679 |  |  | 1,824 |
Finance leases | 313 |  |  | 283 |
Supplemental balance sheet information | Supplemental balance sheet information related to leases as of December 31, 2020 and 2019 is as follows:
In millions, except remaining lease term and discount rate | 2020 |  | 2019
Operating leases: |  |  |
Operating lease right-of-use assets | $ | 20,729 |  | $ | 20,860
Current portion of operating lease liabilities | $ | 1,638 |  | $ | 1,596
Long-term operating lease liabilities | 18,757 |  | 18,926
Total operating lease liabilities | $ | 20,395 |  | $ | 20,522
Finance leases: |  |  |
Property and equipment, gross | $ | 1,107 |  | $ | 790
Accumulated depreciation | (106) |  | (38)
Property and equipment, net | $ | 1,001 |  | $ | 752
Current portion of long-term debt | $ | 33 |  | $ | 27
Long-term debt | 1,050 |  | 781
Total finance lease liabilities | $ | 1,083 |  | $ | 808
Weighted average remaining lease term (in years) |  |  |
Operating leases | 13.3 |  | 13.8
Finance leases | 20.3 |  | 20.5
Weighted average discount rate |  |  |
Operating leases | 4.5 | % |  | 4.6 | %
Finance leases | 5.6 | % |  | 6.7 | %
Maturities of operating lease liabilities | The following table summarizes the maturity of lease liabilities under finance and operating leases as of December 31, 2020:
In millions | Finance Leases |  | Operating Leases (1) |  | Total
2021 | $ | 100 |  |  | $ | 2,688 |  |  | $ | 2,788 |
2022 | 98 |  |  | 2,583 |  |  | 2,681 |
2023 | 96 |  |  | 2,496 |  |  | 2,592 |
2024 | 95 |  |  | 2,269 |  |  | 2,364 |
2025 | 95 |  |  | 2,089 |  |  | 2,184 |
Thereafter | 1,328 |  |  | 15,017 |  |  | 16,345 |
Total lease payments (2) | 1,812 |  |  | 27,142 |  |  | 28,954 |
Less: imputed interest | (729) |  |  | (6,747) |  |  | (7,476) |
Total lease liabilities | $ | 1,083 |  |  | $ | 20,395 |  |  | $ | 21,478 |
_____________________________________________ (1)Future operating lease payments have not been reduced by minimum sublease rentals of $306 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 December 31, 2020:
In millions | Finance Leases |  | Operating Leases (1) |  | Total
2021 | $ | 100 |  |  | $ | 2,688 |  |  | $ | 2,788 |
2022 | 98 |  |  | 2,583 |  |  | 2,681 |
2023 | 96 |  |  | 2,496 |  |  | 2,592 |
2024 | 95 |  |  | 2,269 |  |  | 2,364 |
2025 | 95 |  |  | 2,089 |  |  | 2,184 |
Thereafter | 1,328 |  |  | 15,017 |  |  | 16,345 |
Total lease payments (2) | 1,812 |  |  | 27,142 |  |  | 28,954 |
Less: imputed interest | (729) |  |  | (6,747) |  |  | (7,476) |
Total lease liabilities | $ | 1,083 |  |  | $ | 20,395 |  |  | $ | 21,478 |
_____________________________________________ (1)Future operating lease payments have not been reduced by minimum sublease rentals of $306 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.
Lessee, Operating Lease, Disclosure | The following table is a summary of the Company’s net rental expense for operating leases for the year ended December 31, 2018:
In millions | 2018 |  |
Minimum rentals | $ | 2,528 |  |  |
Contingent rentals | 28 |  |  |
Rental expense | 2,556 |  |  |
Less: sublease income | (21) |  |  |
Total rental expense, net | $ | 2,535 |  |  |

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