Leases (Tables)

3 Months Ended

Mar. 31, 2019

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



	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