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Leases | 12 Months Ended
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Dec. 31, 2020
Leases [Abstract] |
Leases | Lease Accounting Components of Lease Expense
|  | 2020 |  | 2019
Operating lease cost |  | $ | 137 |  |  | $ | 115 |
Finance lease cost |  |  |  |
Amortization of right-of-use assets |  | 5 |  |  | 3 |
Interest on lease liabilities |  | 3 |  |  | 3 |
Total finance lease cost |  | $ | 8 |  |  | $ | 6 |
Sublease income |  | $ | (60) |  |  | $ | (69) |
Rental expense related to operating leases was $151 million for the year ended December 31, 2018. Supplemental Cash Flow Information
|  | 2020 |  | 2019 |
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |  |
Operating cash flows from operating leases |  | $ | 133 |  |  | $ | 104 |  |
Operating cash flows from finance leases |  | 3 |  |  | 3 |  |
Financing cash flows from finance leases |  | 5 |  |  | 4 |  |
Right-of-use assets obtained in exchange for lease obligations |  |  |  |  |
Operating leases(a) |  | 296 |  |  | 79 |  |
Finance leases |  | 4 |  |  | 14 |  |
(a) The year ended December 31, 2020, includes right-of-use assets acquired as part of the acquisition of Habit Burger Grill of $196 million (See Note 3). Supplemental Balance Sheet Information
|  | 2020 |  | 2019 |  | Consolidated Balance Sheet
Assets |  |  |  |  |  |
Operating lease right-of-use assets |  | $ | 851 |  |  | $ | 642 |  |  | Other assets
Finance lease right-of-use assets |  | 40 |  |  | 42 |  |  | Property, plant and equipment, net
Total right-of-use assets(a) |  | $ | 891 |  |  | $ | 684 |  |  |
Liabilities |  |  |  |  |  |
Current |  |  |  |  |  |
Operating |  | $ | 97 |  |  | $ | 67 |  |  | Accounts payable and other current liabilities
Finance |  | 7 |  |  | 7 |  |  | Short-term borrowings
Non-current |  |  |  |  |  |
Operating |  | 823 |  |  | 640 |  |  | Other liabilities and deferred credits
Finance |  | 65 |  |  | 70 |  |  | Long-term debt
Total lease liabilities(a) |  | $ | 992 |  |  | $ | 784 |  |  |
Weighted-average Remaining Lease Term (in years) |  |  |  |  |  |
Operating leases |  | 11.1 |  | 12.3 |  |
Finance leases |  | 12.2 |  | 12.7 |  |
Weighted-average Discount Rate |  |  |  |  |  |
Operating leases |  | 5.1 | % |  | 5.6 | % |  |
Finance leases |  | 6.5 | % |  | 6.6 | % |  |
(a) U.S. operating lease right-of-use assets and liabilities totaled $499 million and $556 million, respectively, as of December 31, 2020, and $283 million and $337 million, respectively, as of December 31, 2019. These amounts primarily related to Taco Bell U.S. and the Habit Burger Grill including leases related to Company-operated restaurants, leases related to franchise-operated restaurants we sublease and the Taco Bell restaurant support center. Maturity of Lease Payments and Receivables Future minimum lease payments, including rental payments for lease renewal options we are reasonably certain to exercise, and amounts to be received as lessor or sublessor as of December 31, 2020, were as follows:
|  | Commitments |  | Lease Receivables
|  | Finance |  | Operating |  | Direct Financing |  | Operating
2021 |  | $ | 9 |  |  | $ | 128 |  |  | $ | 3 |  |  | $ | 80 |
2022 |  | 10 |  |  | 133 |  |  | 4 |  |  | 82 |
2023 |  | 9 |  |  | 123 |  |  | 4 |  |  | 80 |
2024 |  | 8 |  |  | 115 |  |  | 4 |  |  | 76 |
2025 |  | 8 |  |  | 103 |  |  | 3 |  |  | 71 |
Thereafter |  | 58 |  |  | 623 |  |  | 27 |  |  | 599 |
Total lease payments/receipts |  | 102 |  |  | 1,225 |  |  | 45 |  |  | $ | 988 |
Less imputed interest/unearned income |  | (30) |  |  | (305) |  |  | (18) |  |  |
Total lease liabilities/receivables |  | $ | 72 |  |  | $ | 920 |  |  | $ | 27 |  |  |
As of December 31, 2020, we have executed real estate leases that have not yet commenced with estimated future nominal lease payments of approximately $100 million, which are not included in the tables above. These leases are expected to commence in 2021 and 2022 with lease terms of up to 20 years.

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- Definition Disclosure of lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. In addition, this includes a description and amounts of lessor entity's leasing arrangements for operating, capital and leveraged leases. + References No definition available. + Details
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