Operating Leases

12 Months Ended

Dec. 31, 2020

The classification of the Company's operating lease ROU assets and liabilities in the consolidated balance sheets as of December 31, 2020 and 2019, is as follows (in millions):


		December 31,
	Classification	2020		2019
Operating lease ROU assets	Other noncurrent assets	$	534	$	564

Operating lease liabilities	Accounts payable, accrued and other liabilities	$	152	$	129
	Other noncurrent liabilities	453		466
Total operating lease liabilities		$	605	$	595

Operating lease cost was $210 million (including $30 million ROU assets impairment charges) and $145 million, and variable lease cost was $39 million and $34 million, for the years ended December 31, 2020 and 2019, respectively. Cash paid for amounts included in the measurement of operating lease liabilities included in operating cash flows was $165 million and $139 million for the years ended December 31, 2020 and 2019, respectively. Operating lease ROU assets obtained in exchange for operating lease liabilities was $138 million and $112 million for the years ended December 31, 2020 and 2019, respectively. The weighted average remaining operating lease term was 5.8 years and 5.9 years and the weighted average operating lease discount rate was 3.2% and 3.7% as of December 31, 2020 and 2019, respectively.

Maturities of operating lease liabilities, as of December 31, 2020, are as follows (in millions):


2021	$	159
2022	129
2023	103
2024	78
2025	58
Thereafter	138
Total lease payments	665
Less: Imputed interest	(60)
Total operating lease liabilities	$	605