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Leases (Tables)
 9 Months Ended
Sep. 30, 2019
Leases [Abstract]  
Lease, Cost
The components of lease expense included in Income before Income Taxes are as follows:
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
(In millions)
2019
 
2019
Operating Lease Expense
$
73

 
$
221

Finance Lease Expense:
 
 
 
Amortization of ROU Assets
3

 
8

Interest on Lease Liabilities
6

 
16

Short Term Lease Expense
1

 
4

Variable Lease Expense
2

 
5

Sublease Income
(3
)
 
(11
)
Total Lease Expense
$
82

 
$
243


Direct Financing Lease, Lease Income
Supplemental cash flow information related to leases is as follows:
 
Nine Months Ended
 
September 30,
(In millions)
2019
Cash Paid for Amounts Included in the Measurement of Lease Liabilities
 
Operating Cash Flows for Operating Leases
$
201

Operating Cash Flows for Finance Leases
16

Financing Cash Flows for Finance Leases
5

ROU Assets Obtained in Exchange for Lease Obligations
 
Operating Leases
124

Finance Leases
34


Operating Lease, Lease Income
Supplemental cash flow information related to leases is as follows:
 
Nine Months Ended
 
September 30,
(In millions)
2019
Cash Paid for Amounts Included in the Measurement of Lease Liabilities
 
Operating Cash Flows for Operating Leases
$
201

Operating Cash Flows for Finance Leases
16

Financing Cash Flows for Finance Leases
5

ROU Assets Obtained in Exchange for Lease Obligations
 
Operating Leases
124

Finance Leases
34


Lessee, Balance Sheet Information
Supplemental balance sheet information related to leases is as follows:
 
September 30,
(In millions, except lease term and discount rate)
2019
Operating Leases
 
Operating Lease ROU Assets
$
828

 
 
Operating Lease Liabilities due Within One Year
$
197

Operating Lease Liabilities
642

Total Operating Lease Liabilities
$
839

 


Finance Leases
 
Property, Plant and Equipment, at cost
$
256

Accumulated Depreciation
(47
)
Property, Plant and Equipment, net
$
209

 
 
Long Term Debt and Finance Leases due Within One Year
$
7

Long Term Debt and Finance Leases
238

Total Finance Lease Liabilities
$
245

 
 
Weighted Average Remaining Lease Term
 
Operating Leases
6.9 years

Finance Leases
32.0 years

 
 
Weighted Average Discount Rate
 
Operating Leases
6.72
%
Finance Leases
8.47
%
Lessee, Operating Lease, Liability, Maturity
Future maturities of our lease liabilities, excluding subleases, as of September 30, 2019 are as follows:
(In millions)
Operating Leases
 
Finance Leases
2019 (excluding the nine months ended September 30)
$
64

 
$
6

2020
227

 
25

2021
180

 
35

2022
129

 
21

2023
100

 
20

Thereafter
383

 
706

Total Lease Payments
1,083

 
813

Less: Imputed Interest
244

 
568

Total
$
839

 
$
245


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 September 30, 2019 are as follows:
(In millions)
Operating Leases
 
Finance Leases
2019 (excluding the nine months ended September 30)
$
64

 
$
6

2020
227

 
25

2021
180

 
35

2022
129

 
21

2023
100

 
20

Thereafter
383

 
706

Total Lease Payments
1,083

 
813

Less: Imputed Interest
244

 
568

Total
$
839

 
$
245


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