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Leases (Tables) | 9 Months Ended
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Sep. 30, 2019
Leases [Abstract] |
Schedule of Components of Lease Costs and Supplemental Cash Flow Information | The components of lease costs were as follows:
| For the Three Months Ended September 30, 2019 |  | For the Nine Months Ended September 30, 2019
| (in millions)
Operating lease cost | $ | 53 |  |  | $ | 168 |
Finance lease cost: |  |  |
Amortization of right-of-use assets | 8 |  |  | 18 |
Interest on lease liabilities | 1 |  |  | 2 |
Short-term lease cost | 8 |  |  | 28 |
Variable lease cost | 114 |  |  | 319 |
Sublease income | (1 | ) |  | (3 | )
Total lease cost | $ | 183 |  |  | $ | 532 |
Supplemental cash flow information related to leases was as follows:
| For the Nine Months Ended September 30, 2019
| (in millions)
Cash paid for amounts included in the measurement of lease liabilities: |
Operating cash flows from operating leases | $ | (187 | )
Operating cash flows from finance leases | (2 | )
Financing cash flows from finance leases | (15 | )
Right-of-use assets obtained in exchange for lease obligations: |
Operating leases | $ | 91 |
Finance leases | 48 |
Schedule of Supplemental Balance Sheet Information Related to Leases | Supplemental balance sheet information related to leases was as follows:
| As of September 30, 2019
| (in millions)
Operating Leases: |
Operating lease right-of-use assets, net of amortization | $ | 596 |
Other current liabilities | $ | 173 |
Operating lease liabilities | 429 |
Total operating lease liabilities | $ | 602 |
Finance Leases: |
Finance leases, net of amortization (within property, plant & equipment) | $ | 79 |
Other current liabilities | $ | 24 |
Other long-term liabilities | 58 |
Total finance lease liabilities | $ | 82 |
Weighted Average Remaining Lease Term |
Operating leases | 5.4 years |
Finance leases | 4.6 years |
Weighted Average Discount Rate |
Operating leases | 3.5%
Finance leases | 4.2%
Schedule of Future Lease Payments Under Non-cancelable Operating Leases | Future lease payments under non-cancelable leases under prior lease accounting rules (ASC 840) and under the new lease accounting rules (ASC 842) that went into effect on January 1, 2019 were as follows:
| As of September 30, 2019 |  | As of December 31, 2018
| ASC 842 |  | ASC 840
| Operating Leases |  | Finance Leases |  | Operating Leases
| (in millions)
Year Ending December 31: |  |  |  |  |
2019 (excluding the nine months ended September 30, 2019) | $ | 43 |  |  | $ | 7 |  |  |
2019 |  |  |  |  | $ | 208 |
2020 | 191 |  |  | 29 |  |  | 165 |
2021 | 139 |  |  | 24 |  |  | 114 |
2022 | 99 |  |  | 12 |  |  | 79 |
2023 | 69 |  |  | 7 |  |  | 57 |
Thereafter | 150 |  |  | 11 |  |  | 157 |
Total future undiscounted lease payments | $ | 691 |  |  | $ | 90 |  |  | $ | 780 |
Less imputed interest | (89 | ) |  | (8 | ) |  |
Total reported lease liability | $ | 602 |  |  | $ | 82 |  |  |
Schedule of Future Lease Payments Under Non-cancelable Finance Leases | Future lease payments under non-cancelable leases under prior lease accounting rules (ASC 840) and under the new lease accounting rules (ASC 842) that went into effect on January 1, 2019 were as follows:
| As of September 30, 2019 |  | As of December 31, 2018
| ASC 842 |  | ASC 840
| Operating Leases |  | Finance Leases |  | Operating Leases
| (in millions)
Year Ending December 31: |  |  |  |  |
2019 (excluding the nine months ended September 30, 2019) | $ | 43 |  |  | $ | 7 |  |  |
2019 |  |  |  |  | $ | 208 |
2020 | 191 |  |  | 29 |  |  | 165 |
2021 | 139 |  |  | 24 |  |  | 114 |
2022 | 99 |  |  | 12 |  |  | 79 |
2023 | 69 |  |  | 7 |  |  | 57 |
Thereafter | 150 |  |  | 11 |  |  | 157 |
Total future undiscounted lease payments | $ | 691 |  |  | $ | 90 |  |  | $ | 780 |
Less imputed interest | (89 | ) |  | (8 | ) |  |
Total reported lease liability | $ | 602 |  |  | $ | 82 |  |  |

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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance 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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- 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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