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Leases (Tables) | 3 Months Ended
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Mar. 31, 2019
Leases [Abstract] |
Components of Lease Cost | The Company's lease cost for the three months ended March 31 included the following components (in millions):
|  | 2019 |  | 2018
Operating lease cost |  | $ | 272 |  |  | $ | 326 |
Variable and short-term lease cost |  | 606 |  |  | 611 |
Amortization of finance lease assets |  | 18 |  |  | 23 |
Interest on finance lease liabilities |  | 27 |  |  | 5 |
Sublease income |  | (8 | ) |  | (10 | )
Total lease cost |  | $ | 915 |  |  | $ | 955 |
Summary of Scheduled Future Minimum Lease Payments under Operating Leases | The table below summarizes the Company's scheduled future minimum lease payments under operating and finance leases, recorded on the balance sheet, as of March 31, 2019 (in millions):
|  | Operating Leases |  | Finance Leases
Last nine months of 2019 |  | $ | 662 |  |  | $ | 195 |
2020 |  | 985 |  |  | 96 |
2021 |  | 763 |  |  | 74 |
2022 |  | 630 |  |  | 47 |
2023 |  | 617 |  |  | 33 |
After 2023 |  | 4,252 |  |  | 69 |
Minimum lease payments |  | 7,909 |  |  | 514 |
Imputed interest |  | 2,125 |  |  | 145 |
Present value of minimum lease payments |  | 5,784 |  |  | 369 |
Less: current maturities of lease obligations |  | (639 | ) |  | (133 | )
Long-term lease obligations |  | $ | 5,145 |  |  | $ | 236 |
Summary of Scheduled Future Minimum Lease Payments under Finance Leases | The table below summarizes the Company's scheduled future minimum lease payments under operating and finance leases, recorded on the balance sheet, as of March 31, 2019 (in millions):
|  | Operating Leases |  | Finance Leases
Last nine months of 2019 |  | $ | 662 |  |  | $ | 195 |
2020 |  | 985 |  |  | 96 |
2021 |  | 763 |  |  | 74 |
2022 |  | 630 |  |  | 47 |
2023 |  | 617 |  |  | 33 |
After 2023 |  | 4,252 |  |  | 69 |
Minimum lease payments |  | 7,909 |  |  | 514 |
Imputed interest |  | 2,125 |  |  | 145 |
Present value of minimum lease payments |  | 5,784 |  |  | 369 |
Less: current maturities of lease obligations |  | (639 | ) |  | (133 | )
Long-term lease obligations |  | $ | 5,145 |  |  | $ | 236 |
Additional Information Related to Leases | The table below presents additional information related to our leases as of March 31:
|  | 2019 |  | 2018
Weighted-average remaining lease term - finance leases |  | 5 years |  |  | 5 years |
Weighted-average remaining lease term - operating leases |  | 10 years |  |  | 10 years |
Weighted-average discount rate - finance leases |  | 50.5 | % | (a) | 6.7 | %
Weighted-average discount rate - operating leases |  | 5.2 | % |  | 5.0 | %
(a) During the third quarter of 2018, United entered into an agreement with the lessor of 54 Embraer ERJ 145 aircraft to purchase those aircraft in 2019. The provisions of these lease agreements resulted in a change in accounting classification of these leases from operating leases to finance leases up until the purchase date. The discount rates used for these leases were adjusted so that the present value of lease payments did not exceed the fair value of the asset being recognized.
Supplemental Cash Flow Information Related to Leases | The table below presents supplemental cash flow information related to leases during the three months ended March 31:
| 2019 |  | 2018
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows for operating leases | $ | 285 |  |  | $ | 279 |
Operating cash flows for finance leases | 24 |  |  | 5 |
Financing cash flows for finance leases | 20 |  |  | 18 |

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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980 + Details
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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980 + Details
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