Leases (Tables)

9 Months Ended

Sep. 30, 2019

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



	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