Operating Leases

6 Months Ended

Jun. 30, 2019

The classification of the Company’s operating lease ROU assets and liabilities in the Condensed Consolidated Balance Sheet (Unaudited) as of June 30, 2019 was as follows (in millions):



	Classification	June 30, 2019
Operating lease ROU assets	Other noncurrent assets	$	419

Operating lease liabilities	Accounts payable, accrued and other liabilities	$	105
	Other long-term liabilities	321
Total operating lease liabilities		$	426

Operating lease cost was $33 million and variable lease cost was $8 million for the three months and $64 million and $15 million for the six months ended June 30, 2019 respectively. Cash paid for amounts included in the measurement of operating lease liabilities included in operating cash flows was $61 million for the six months ended June 30, 2019. Operating lease ROU assets obtained in exchange for operating lease liabilities was $37 million for the six months ended June 30, 2019. The weighted average remaining operating lease term was 5.4 years and the weighted average operating lease discount rate was 3.7% as of June 30, 2019.

Maturities of operating lease liabilities, as of June 30, 2019 were as follows (in millions):



2019 remaining period	$	58
2020	111
2021	88
2022	60
2023	45
Thereafter	108
Total lease payments	470
Less: Imputed interest	(44		)
Total operating lease liabilities	$	426

Aggregate future minimum operating lease payments for each of the years in the five years ending December 31, 2023, and thereafter, as of December 31, 2018 consisted of the following (in millions):



2019	$	121
2020	104
2021	80
2022	51
2023	38
Thereafter	86
Total	$	480