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Leases Leases | 3 Months Ended
--- | ---
Mar. 31, 2019
Leases [Abstract] |
Leases | Leases As discussed in Note 2, “Significant Accounting Policies,” we elected the Topic 842 transition provision that allows entities to continue to apply the legacy guidance in Topic 840, Leases, including its disclosure requirements, in the comparative periods presented in the year of adoption. Accordingly, the Topic 842 disclosures below are presented as of and for the three-month period ended March 31, 2019, only. We are a party to operating and finance leases primarily for our corporate and health plan offices. Our operating leases have remaining lease terms up to 10 years, some of which include options to extend the leases for up to 10 years. Our finance leases have remaining lease terms of 3 to 19 years, some of which include options to extend the leases for up to 25 years. The components of lease expense were as follows:
| Three Months Ended March 31, 2019
| (In millions)
Operating lease cost | $ | 9 |
Finance lease cost: |
Amortization of ROU assets | $ | 4 |
Interest on lease liabilities | 4 |
Total finance lease cost | $ | 8 |
Supplemental consolidated cash flow information related to leases follows:
| Three Months Ended March 31, 2019
| (In millions)
Cash used in operating activities: |
Operating leases | $ | 9 |
Finance leases | $ | 4 |
Cash used in financing activities: |
Finance leases | $ | 1 |
ROU assets recognized in exchange for lease obligations: |
Operating leases | $ | 94 |
Finance leases | $ | 241 |
Supplemental information related to leases, including location of amounts reported in the accompanying consolidated balance sheets, follows:
| March 31, 2019
| (Dollars in millions)
Operating leases |
Other assets | $ | 83 |
Accounts payable and accrued liabilities | 31 |
Other long-term liabilities | 62 |
Total operating lease liabilities | $ | 93 |
Finance leases |
Property, equipment, and capitalized software, net | $ | 237 |
Accounts payable and accrued liabilities | $ | 7 |
Finance lease liabilities | 234 |
Total finance lease liabilities | $ | 241 |
Weighted average remaining lease term |
Operating leases | 4 years |
Finance leases | 17 years |
Weighted average discount rate |
Operating leases | 5.5 | %
Finance leases | 6.6 | %
Maturities of lease liabilities as of March 31, 2019, were as follows:
| Operating Leases |  | Finance Leases
| (In millions)
2019 (excluding the three months ended March 31, 2019) | $ | 27 |  |  | $ | 16 |
2020 | 28 |  |  | 22 |
2021 | 18 |  |  | 22 |
2022 | 12 |  |  | 21 |
2023 | 9 |  |  | 21 |
Thereafter | 9 |  |  | 311 |
Total lease payments | 103 |  |  | 413 |
Less imputed interest | (10 | ) |  | (172 | )
| $ | 93 |  |  | $ | 241 |
Leases | Leases As discussed in Note 2, “Significant Accounting Policies,” we elected the Topic 842 transition provision that allows entities to continue to apply the legacy guidance in Topic 840, Leases, including its disclosure requirements, in the comparative periods presented in the year of adoption. Accordingly, the Topic 842 disclosures below are presented as of and for the three-month period ended March 31, 2019, only. We are a party to operating and finance leases primarily for our corporate and health plan offices. Our operating leases have remaining lease terms up to 10 years, some of which include options to extend the leases for up to 10 years. Our finance leases have remaining lease terms of 3 to 19 years, some of which include options to extend the leases for up to 25 years. The components of lease expense were as follows:
| Three Months Ended March 31, 2019
| (In millions)
Operating lease cost | $ | 9 |
Finance lease cost: |
Amortization of ROU assets | $ | 4 |
Interest on lease liabilities | 4 |
Total finance lease cost | $ | 8 |
Supplemental consolidated cash flow information related to leases follows:
| Three Months Ended March 31, 2019
| (In millions)
Cash used in operating activities: |
Operating leases | $ | 9 |
Finance leases | $ | 4 |
Cash used in financing activities: |
Finance leases | $ | 1 |
ROU assets recognized in exchange for lease obligations: |
Operating leases | $ | 94 |
Finance leases | $ | 241 |
Supplemental information related to leases, including location of amounts reported in the accompanying consolidated balance sheets, follows:
| March 31, 2019
| (Dollars in millions)
Operating leases |
Other assets | $ | 83 |
Accounts payable and accrued liabilities | 31 |
Other long-term liabilities | 62 |
Total operating lease liabilities | $ | 93 |
Finance leases |
Property, equipment, and capitalized software, net | $ | 237 |
Accounts payable and accrued liabilities | $ | 7 |
Finance lease liabilities | 234 |
Total finance lease liabilities | $ | 241 |
Weighted average remaining lease term |
Operating leases | 4 years |
Finance leases | 17 years |
Weighted average discount rate |
Operating leases | 5.5 | %
Finance leases | 6.6 | %
Maturities of lease liabilities as of March 31, 2019, were as follows:
| Operating Leases |  | Finance Leases
| (In millions)
2019 (excluding the three months ended March 31, 2019) | $ | 27 |  |  | $ | 16 |
2020 | 28 |  |  | 22 |
2021 | 18 |  |  | 22 |
2022 | 12 |  |  | 21 |
2023 | 9 |  |  | 21 |
Thereafter | 9 |  |  | 311 |
Total lease payments | 103 |  |  | 413 |
Less imputed interest | (10 | ) |  | (172 | )
| $ | 93 |  |  | $ | 241 |

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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