XML 47 R32.htm IDEA: XBRL DOCUMENT

Leases (Tables)

9 Months Ended

Sep. 30, 2020

Summary of components of lease expense


		Three Months Ended						Nine Months Ended
Lease Cost		September 30,						September 30,
(in millions)		2020			2019			2020			2019
Operating lease cost		$	14		$	13		$	40		$	40
Variable operating lease cost			8			6			23			18
Short term lease cost			1			1			3			2
Lease cost		$	23		$	20		$	66		$	60

Reconciliation of future undiscounted cash flows to the operating lease liabilities and the related ROU assets


Operating Leases			As of
(in millions)			September 30, 2020
2020 (Excluding the nine months ended September 30, 2020)		$	14
2021			49
2022			40
2023			31
2024			21
Thereafter			37
Total future lease payments			192
Less imputed interest			23
Present value of future lease payments			169
Less current lease liabilities			46
Non-current operating lease liabilities		$	123
Operating lease assets		$	161

Summary of other lease information


		Three Months Ended						Nine Months Ended
Other Information		September 30,						September 30,
($ in millions)		2020			2019			2020			2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases		$	14		$	12		$	40		$	41
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases		$	24		$	11		$	45		$	178
								As of			As of
								September 30, 2020			December 31, 2019
Weighted average remaining lease term:
Operating leases									5.0 years			5.5 years
Weighted average discount rate:
Operating leases									5.1	%		5.7	%