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Leases (Tables) | 6 Months Ended
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Jun. 30, 2019
Leases [Abstract] |
Lease, Cost | The components of lease expense included in Income before Income Taxes are as follows:
| Three Months Ended |  | Six Months Ended
| June 30, |  | June 30,
(In millions) | 2019 |  | 2019
Operating Lease Expense | $ | 74 |  |  | $ | 148 |
Finance Lease Expense: |  |  |
Amortization of ROU Assets | 3 |  |  | 5 |
Interest on Lease Liabilities | 5 |  |  | 10 |
Short Term Lease Expense | 2 |  |  | 3 |
Variable Lease Expense | 1 |  |  | 3 |
Sublease Income | (4 | ) |  | (8 | )
Total Lease Expense | $ | 81 |  |  | $ | 161 |
Direct Financing Lease, Lease Income | Supplemental cash flow information related to leases is as follows:
| Six Months Ended
| June 30,
(In millions) | 2019
Cash Paid for Amounts Included in the Measurement of Lease Liabilities |
Operating Cash Flows for Operating Leases | $ | 134 |
Operating Cash Flows for Finance Leases | 10 |
Financing Cash Flows for Finance Leases | 3 |
ROU Assets Obtained in Exchange for Lease Obligations |
Operating Leases | 90 |
Finance Leases | 32 |
Operating Lease, Lease Income | Supplemental cash flow information related to leases is as follows:
| Six Months Ended
| June 30,
(In millions) | 2019
Cash Paid for Amounts Included in the Measurement of Lease Liabilities |
Operating Cash Flows for Operating Leases | $ | 134 |
Operating Cash Flows for Finance Leases | 10 |
Financing Cash Flows for Finance Leases | 3 |
ROU Assets Obtained in Exchange for Lease Obligations |
Operating Leases | 90 |
Finance Leases | 32 |
Lessee, Balance Sheet Information | Supplemental balance sheet information related to leases is as follows:
| June 30,
(In millions, except lease term and discount rate) | 2019
Operating Leases |
Operating Lease ROU Assets | $ | 854 |
Operating Lease Liabilities due Within One Year | $ | 200 |
Operating Lease Liabilities | 664 |
Total Operating Lease Liabilities | $ | 864 |
Finance Leases |
Property, Plant and Equipment, at cost | $ | 259 |
Accumulated Depreciation | (45 | )
Property, Plant and Equipment, net | $ | 214 |
Long Term Debt and Finance Leases due Within One Year | $ | 6 |
Long Term Debt and Finance Leases | 242 |
Total Finance Lease Liabilities | $ | 248 |
Weighted Average Remaining Lease Term |
Operating Leases | 6.9 years |
Finance Leases | 32.2 years |
Weighted Average Discount Rate |
Operating Leases | 6.72 | %
Finance Leases | 8.48 | %
Lessee, Operating Lease, Liability, Maturity | Future maturities of our lease liabilities, excluding subleases, as of June 30, 2019 are as follows:
(In millions) | Operating Leases |  | Finance Leases
2019 (excluding the six months ended June 30) | $ | 128 |  |  | $ | 12 |
2020 | 222 |  |  | 24 |
2021 | 174 |  |  | 35 |
2022 | 123 |  |  | 21 |
2023 | 96 |  |  | 20 |
Thereafter | 369 |  |  | 713 |
Total Lease Payments | 1,112 |  |  | 825 |
Less: Imputed Interest | 248 |  |  | 577 |
Total | $ | 864 |  |  | $ | 248 |
Future maturities of our lease liabilities as of December 31, 2018 were as follows:
|  |  |  |  |  |  |  |  |  |  | 2024 and |  |
(In millions) | 2019 |  | 2020 |  | 2021 |  | 2022 |  | 2023 |  | Beyond |  | Total
Capital Leases |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Minimum lease payments | $ | 8 |  |  | $ | 7 |  |  | $ | 18 |  |  | $ | 3 |  |  | $ | 2 |  |  | $ | 23 |  |  | $ | 61 |
Imputed interest | (3 | ) |  | (3 | ) |  | (3 | ) |  | (1 | ) |  | (1 | ) |  | (13 | ) |  | (24 | )
Present value | $ | 5 |  |  | $ | 4 |  |  | $ | 15 |  |  | $ | 2 |  |  | $ | 1 |  |  | $ | 10 |  |  | $ | 37 |
Operating Leases |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Minimum lease payments | $ | 266 |  |  | $ | 214 |  |  | $ | 161 |  |  | $ | 110 |  |  | $ | 84 |  |  | $ | 391 |  |  | $ | 1,226 |
Minimum sublease rentals | (15 | ) |  | (12 | ) |  | (8 | ) |  | (5 | ) |  | (3 | ) |  | (6 | ) |  | (49 | )
| $ | 251 |  |  | $ | 202 |  |  | $ | 153 |  |  | $ | 105 |  |  | $ | 81 |  |  | $ | 385 |  |  | $ | 1,177 |
Imputed interest |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (263 | )
Present value |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 914 |
Finance Lease, Liability, Maturity | Future maturities of our lease liabilities, excluding subleases, as of June 30, 2019 are as follows:
(In millions) | Operating Leases |  | Finance Leases
2019 (excluding the six months ended June 30) | $ | 128 |  |  | $ | 12 |
2020 | 222 |  |  | 24 |
2021 | 174 |  |  | 35 |
2022 | 123 |  |  | 21 |
2023 | 96 |  |  | 20 |
Thereafter | 369 |  |  | 713 |
Total Lease Payments | 1,112 |  |  | 825 |
Less: Imputed Interest | 248 |  |  | 577 |
Total | $ | 864 |  |  | $ | 248 |
Future maturities of our lease liabilities as of December 31, 2018 were as follows:
|  |  |  |  |  |  |  |  |  |  | 2024 and |  |
(In millions) | 2019 |  | 2020 |  | 2021 |  | 2022 |  | 2023 |  | Beyond |  | Total
Capital Leases |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Minimum lease payments | $ | 8 |  |  | $ | 7 |  |  | $ | 18 |  |  | $ | 3 |  |  | $ | 2 |  |  | $ | 23 |  |  | $ | 61 |
Imputed interest | (3 | ) |  | (3 | ) |  | (3 | ) |  | (1 | ) |  | (1 | ) |  | (13 | ) |  | (24 | )
Present value | $ | 5 |  |  | $ | 4 |  |  | $ | 15 |  |  | $ | 2 |  |  | $ | 1 |  |  | $ | 10 |  |  | $ | 37 |
Operating Leases |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Minimum lease payments | $ | 266 |  |  | $ | 214 |  |  | $ | 161 |  |  | $ | 110 |  |  | $ | 84 |  |  | $ | 391 |  |  | $ | 1,226 |
Minimum sublease rentals | (15 | ) |  | (12 | ) |  | (8 | ) |  | (5 | ) |  | (3 | ) |  | (6 | ) |  | (49 | )
| $ | 251 |  |  | $ | 202 |  |  | $ | 153 |  |  | $ | 105 |  |  | $ | 81 |  |  | $ | 385 |  |  | $ | 1,177 |
Imputed interest |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (263 | )
Present value |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 914 |

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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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