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Leases (Tables)
 12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Schedule of Components of Lease Costs and Supplemental Cash Flow Information
The components of lease costs were as follows:
For the Years Ended December 31,
20202019
(in millions)
Operating lease cost$236 $222 
Finance lease cost:
Amortization of right-of-use assets60 29 
Interest on lease liabilities7 4 
Short-term lease cost26 39 
Variable lease cost442 474 
Sublease income(7)(6)
Total lease cost$764 $762 

Rent expenses under prior lease accounting rules (ASC 840) recorded in continuing operations were $260 million in 2018.
Supplemental cash flow information related to leases was as follows:
For the Years Ended December 31,
20202019
(in millions)
Cash paid for amounts included in the measurement of
lease liabilities:
Operating cash flows from operating leases$(236)$(234)
Operating cash flows from finance leases(7)(4)
Financing cash flows from finance leases(56)(27)
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$208 $95 
Finance leases180 99 
Schedule of Supplemental Balance Sheet Information Related to Leases
Supplemental balance sheet information related to leases was as follows:
As of December 31,
20202019
(in millions)
Operating Leases:
Operating lease right-of-use assets, net of amortization$638 $568 
Other current liabilities$190 $178 
Long-term operating lease liabilities470 403 
Total operating lease liabilities$660 $581 
Finance Leases:
Finance leases, net of amortization (within property, plant & equipment)$252 $122 
Current portion of long-term debt$74 $32 
Long-term debt182 91 
Total finance lease liabilities$256 $123 
Weighted Average Remaining Lease Term
Operating leases6.3 years5.2 years
Finance leases4.4 years4.6 years
Weighted Average Discount Rate
Operating leases3.2 %3.5 %
Finance leases3.2 %3.7 %
Schedule of Future Maturity of Operating Lease Liabilities
Maturities of lease liabilities were as follows:
As of December 31, 2020
Operating LeasesFinance Leases
(in millions)
Year Ending December 31:
2021$203 $81 
2022155 71 
2023107 51 
202472 33 
202551 18 
Thereafter169 22 
Total future undiscounted lease payments$757 $276 
Less imputed interest(97)(20)
Total reported lease liability$660 $256 
Schedule of Maturities of Finance Lease Liabilities
Maturities of lease liabilities were as follows:
As of December 31, 2020
Operating LeasesFinance Leases
(in millions)
Year Ending December 31:
2021$203 $81 
2022155 71 
2023107 51 
202472 33 
202551 18 
Thereafter169 22 
Total future undiscounted lease payments$757 $276 
Less imputed interest(97)(20)
Total reported lease liability$660 $256