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Leases (Tables) | 9 Months Ended
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Sep. 30, 2019
Leases [Abstract] |
Schedule of lease costs and other lessee information | The following table presents components of lease cost, including both amounts recognized in income and amounts capitalized (in millions):
Lease Cost |  | Three Months Ended September 30, 2019 |  | Nine Months Ended September 30, 2019
Operating lease cost |  | $ | 32 |  |  | $ | 95 |
Short-term lease cost |  | 11 |  |  | 32 |
Other (1) |  | (1 | ) |  | — |
Total lease cost |  | $ | 42 |  |  | $ | 127 |
(1) | Includes immaterial finance lease costs, variable lease costs and sublease income.
The following table presents information related to cash flows arising from lease transactions (in millions):
| Nine Months Ended September 30, 2019
Cash paid for amounts included in the measurement of lease liabilities: |
Operating cash flows for operating leases | $ | 101 |
Financing cash flows for finance leases | $ | 13 |
Non-cash change in lease liabilities arising from obtaining new right of use assets or modifications: |
Operating leases | $ | 16 |
Finance leases | $ | 10 |
Information related to the weighted-average remaining lease term and discount rate is presented in the table below:
| September 30, 2019
Weighted-average remaining lease term (in years): |
Operating leases | 10.2
Finance leases | 3.6
Weighted-average discount rate: |
Operating leases | 4.5%
Finance leases | 2.4%
Lease Assets and Liabilities | The following table presents the amount and location of our operating and finance lease right-of-use assets and liabilities on our Condensed Consolidated Balance Sheet (in millions):
Leases |  | Balance Sheet Location |  | September 30, 2019
Assets |  |  |  |
Operating lease right-of-use assets |  | Long-term operating lease right-of-use assets, net |  | $ | 443 |
Finance lease right-of-use assets |  | Property and equipment |  | $ | 110 |
|  | Accumulated depreciation |  | (15 | )
|  | Property and equipment, net |  | $ | 95 |
Total lease right-of-use assets |  |  |  | $ | 538 |
Liabilities |  |  |  |
Operating lease liabilities |  |  |  |
Current |  | Other current liabilities |  | $ | 103 |
Noncurrent |  | Long-term operating lease liabilities |  | 348 |
Total operating lease liabilities |  |  |  | $ | 451 |
Finance lease liabilities |  |  |  |
Current |  | Short-term debt |  | $ | 19 |
Noncurrent |  | Other long-term debt, net |  | 37 |
Total finance lease liabilities |  |  |  | $ | 56 |
Total lease liabilities |  |  |  | $ | 507 |
Schedule of Operating Lease Maturity | The following table presents the maturity of undiscounted cash flows for future minimum lease payments under noncancelable leases as of September 30, 2019 reconciled to our lease liabilities on our Condensed Consolidated Balance Sheet (amounts in millions):
| Operating |  | Finance
Future minimum lease payments (1): |  |  |
Remainder of 2019 | $ | 31 |  |  | $ | 5 |
2020 | 113 |  |  | 18 |
2021 | 93 |  |  | 9 |
2022 | 78 |  |  | 10 |
2023 | 54 |  |  | 7 |
Thereafter | 247 |  |  | 10 |
Total | 616 |  |  | 59 |
Less: Present value discount | (165 | ) |  | (3 | )
Lease liabilities | $ | 451 |  |  | $ | 56 |
(1) Excludes future minimum payments for short-term and other immaterial leases not included on our Condensed Consolidated Balance Sheet.
Schedule of Finance Lease Maturity | The following table presents the maturity of undiscounted cash flows for future minimum lease payments under noncancelable leases as of September 30, 2019 reconciled to our lease liabilities on our Condensed Consolidated Balance Sheet (amounts in millions):
| Operating |  | Finance
Future minimum lease payments (1): |  |  |
Remainder of 2019 | $ | 31 |  |  | $ | 5 |
2020 | 113 |  |  | 18 |
2021 | 93 |  |  | 9 |
2022 | 78 |  |  | 10 |
2023 | 54 |  |  | 7 |
Thereafter | 247 |  |  | 10 |
Total | 616 |  |  | 59 |
Less: Present value discount | (165 | ) |  | (3 | )
Lease liabilities | $ | 451 |  |  | $ | 56 |
(1) Excludes future minimum payments for short-term and other immaterial leases not included on our Condensed Consolidated Balance Sheet.
Schedule of Lessor Future Revenues Maturity | The table below presents the maturity of lease payments for operating lease agreements in effect as of September 30, 2019. This presentation includes minimum fixed lease payments and does not include an estimate of variable lease consideration. These agreements have remaining lease terms ranging from two years to 23 years. The following table presents the undiscounted cash flows expected to be received related to these agreements (in millions):
|  | Remainder of 2019 |  | 2020 |  | 2021 |  | 2022 |  | 2023 |  | Thereafter
Lease revenue |  | $ | 5 |  |  | $ | 19 |  |  | $ | 22 |  |  | $ | 25 |  |  | $ | 21 |  |  | $ | 226 |

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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/2009/role/commonPracticeRef -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/2009/role/commonPracticeRef -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/2009/role/commonPracticeRef -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 maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=119202524&loc=SL77919396-209981 + Details
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