Leases Lessee Disclosure (Tables)

12 Months Ended

Dec. 31, 2020

Supplemental balance sheet information related to the Company's leases was as follows:


Lease Type	Balance Sheet Classification	December 31, 2020			December 31, 2019
Assets:
Operating lease assets	Operating lease assets, net	$	450		$	550
Finance lease assets (a)	Property and equipment, net	40			42
Total lease assets, net		$	490		$	592
Liabilities:
Current:
Operating lease liabilities	Current portion of operating lease liabilities	$	129		$	128
Finance lease liabilities	Accrued expenses and other current liabilities	13			13
Non-current:
Operating lease liabilities	Long-term operating lease liabilities	430			496
Finance lease liabilities	Other non-current liabilities	19			22
Total lease liabilities		$	591		$	659

Weighted Average Lease Term and Discount Rate
Weighted average remaining lease term (years):
Operating leases		5.9			6.2
Finance leases		2.8			3.1

Weighted average discount rate:
Operating leases		4.6		%	5.1		%
Finance leases		3.7		%	4.1		%

_______________

(a)Finance lease assets are recorded net of accumulated amortization of $40 million and $39 million at December 31, 2020 and 2019, respectively.

Lease Liability Maturity Table

As of December 31, 2020, maturities of lease liabilities by fiscal year were as follows:


Maturity of Lease Liabilities	Operating Leases		Finance Leases		Total
2021	$	149	$	13	$	162
2022	132		10		142
2023	102		7		109
2024	81		3		84
2025	56		1		57
Thereafter	122		—		122
Total lease payments	642		34		676
Less: Interest	83		2		85
Present value of lease liabilities	$	559	$	32	$	591

Lease, Cost

Supplemental income statement information related to the Company's leases is as follows:


	Year Ended		Year Ended
Lease Costs	December 31, 2020		December 31, 2019
Operating lease costs	$	150	$	165
Finance lease costs:
Amortization of leased assets	12		13
Interest on lease liabilities	2		2
Other lease costs (a)	24		28
Impairment (b)	46		12
Less: Sublease income, gross	2		3
Net lease cost	$	232	$	217

_______________

(a)Primarily consists of variable lease costs.

(b)Impairment charges relate to the exit and sublease of certain real estate operating leases. As of December 31, 2020, the Company impaired or restructured approximately 1 million square feet which included its corporate headquarters in Madison, New Jersey and the relocation operations' main corporate location in Danbury, Connecticut resulting in additional impairment charges and restructuring charges. See Note 12, "Restructuring Costs", for further discussion.

Schedule of Cash Flow, Supplemental Disclosures

Supplemental cash flow information related to leases was as follows:


	Year Ended		Year Ended
	December 31, 2020		December 31, 2019
Supplemental cash flow information:
Operating cash flows from operating leases	$	165	$	162
Operating cash flows from finance leases	2		2
Financing cash flows from finance leases	14		15

Supplemental non-cash information:
Lease assets obtained in exchange for lease obligations:
Operating leases	$	103	$	153
Finance leases	11		18