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Leases (Tables) | 12 Months Ended
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Dec. 31, 2020
Leases [Abstract] |
Lease, Cost | The components of lease expense included in Income (Loss) before Income Taxes for the years ended December 31, 2020 and 2019 are as follows:
(In millions) |  | 2020 |  |  | 2019 |  |  |
Operating Lease Expense |  | $ | 286 |  |  | $ | 292 |  |  |
Finance Lease Expense: |  |  |  |  |  |  |  |  |  |
Amortization of ROU assets |  |  | 11 |  |  |  | 11 |  |  |
Interest on lease liabilities |  |  | 21 |  |  |  | 21 |  |  |
Short Term Lease Expense |  |  | 6 |  |  |  | 6 |  |  |
Variable Lease Expense |  |  | 3 |  |  |  | 7 |  |  |
Sublease Income |  |  | (11 | ) |  |  | (15 | ) |  |
Total Lease Expense |  | $ | 316 |  |  | $ | 322 |  |  |
Schedule of Rent Expense | Net rental expense for the year ended December 31, 2018 is comprised of the following:
(In millions) |  |  |  |  |  | 2018 |
Gross rental expense |  |  |  |  |  | $ | 333 |
Sublease rental income |  |  |  |  |  |  | (16 | )
|  |  |  |  |  | $ | 317 |
Direct Financing Lease, Lease Income | Supplemental cash flow information related to leases for the years ended December 31, 2020 and 2019 is as follows:
(In millions) |  |  |  | 2020 |  |  | 2019 |
Cash Paid for Amounts Included in the Measurement of Lease Liabilities |  |  |  |  |  |  |  |
Operating Cash Flows for Operating Leases |  |  |  | $ | 268 |  |  | $ | 267 |
Operating Cash Flows for Finance Leases |  |  |  |  | 21 |  |  |  | 21 |
Financing Cash Flows for Finance Leases |  |  |  |  | 7 |  |  |  | 7 |
ROU Assets Obtained in Exchange for Lease Obligations |  |  |  |  |  |  |  |  |  |
Operating Leases |  |  |  |  | 202 |  |  |  | 197 |
Finance Leases |  |  |  |  | 3 |  |  |  | 34 |
Operating Lease, Lease Income | Supplemental cash flow information related to leases for the years ended December 31, 2020 and 2019 is as follows:
(In millions) |  |  |  | 2020 |  |  | 2019 |
Cash Paid for Amounts Included in the Measurement of Lease Liabilities |  |  |  |  |  |  |  |
Operating Cash Flows for Operating Leases |  |  |  | $ | 268 |  |  | $ | 267 |
Operating Cash Flows for Finance Leases |  |  |  |  | 21 |  |  |  | 21 |
Financing Cash Flows for Finance Leases |  |  |  |  | 7 |  |  |  | 7 |
ROU Assets Obtained in Exchange for Lease Obligations |  |  |  |  |  |  |  |  |  |
Operating Leases |  |  |  |  | 202 |  |  |  | 197 |
Finance Leases |  |  |  |  | 3 |  |  |  | 34 |
Lessee, Balance Sheet Information | Supplemental balance sheet information related to leases as of December 31, 2020 and 2019 is as follows:
(In millions, except lease term and discount rate) |  |  |  | 2020 |  |  | 2019 |
Operating Leases |  |  |  |  |  |  |  |  |  |
Operating Lease ROU Assets |  |  |  | $ | 851 |  |  | $ | 855 |
Operating Lease Liabilities due Within One Year |  |  |  | $ | 198 |  |  | $ | 199 |
Operating Lease Liabilities |  |  |  |  | 684 |  |  |  | 668 |
Total Operating Lease Liabilities |  |  |  | $ | 882 |  |  | $ | 867 |
Finance Leases |  |  |  |  |  |  |  |  |  |
Property, Plant and Equipment, at cost |  |  |  | $ | 262 |  |  | $ | 259 |
Accumulated Depreciation |  |  |  |  | (60 | ) |  |  | (50 | )
Property, Plant and Equipment, net |  |  |  | $ | 202 |  |  | $ | 209 |
Long Term Debt and Finance Leases due Within One Year |  |  |  | $ | 18 |  |  | $ | 6 |
Long Term Debt and Finance Leases |  |  |  |  | 232 |  |  |  | 243 |
Total Finance Lease Liabilities |  |  |  | $ | 250 |  |  | $ | 249 |
Weighted Average Remaining Lease Term (years) |  |  |  |  |  |
Operating Leases |  |  |  | 7.3 |  | 7.2
Finance Leases |  |  |  | 30.9 |  | 31.6
Weighted Average Discount Rate |  |  |  |  |  |
Operating Leases |  |  |  | 6.85% |  | 6.69%
Finance Leases |  |  |  | 8.48% |  | 8.46%
Lessee, Operating Lease, Liability, Maturity | Future maturities of our lease liabilities, excluding subleases, as of December 31, 2020 are as follows:
(In millions) |  |  |  | Operating Leases |  |  | Finance Leases |
2021 |  |  |  | $ | 245 |  |  | $ | 38 |
2022 |  |  |  |  | 186 |  |  |  | 23 |
2023 |  |  |  |  | 146 |  |  |  | 21 |
2024 |  |  |  |  | 110 |  |  |  | 21 |
2025 |  |  |  |  | 88 |  |  |  | 22 |
Thereafter |  |  |  |  | 376 |  |  |  | 671 |
Total Lease Payments |  |  |  |  | 1,151 |  |  |  | 796 |
Less: Imputed Interest |  |  |  |  | 269 |  |  |  | 546 |
Total |  |  |  | $ | 882 |  |  | $ | 250 |
Finance Lease, Liability, Maturity | Future maturities of our lease liabilities, excluding subleases, as of December 31, 2020 are as follows:
(In millions) |  |  |  | Operating Leases |  |  | Finance Leases |
2021 |  |  |  | $ | 245 |  |  | $ | 38 |
2022 |  |  |  |  | 186 |  |  |  | 23 |
2023 |  |  |  |  | 146 |  |  |  | 21 |
2024 |  |  |  |  | 110 |  |  |  | 21 |
2025 |  |  |  |  | 88 |  |  |  | 22 |
Thereafter |  |  |  |  | 376 |  |  |  | 671 |
Total Lease Payments |  |  |  |  | 1,151 |  |  |  | 796 |
Less: Imputed Interest |  |  |  |  | 269 |  |  |  | 546 |
Total |  |  |  | $ | 882 |  |  | $ | 250 |

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