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Recent Accounting Pronouncements (Tables)

3 Months Ended

Mar. 31, 2019

Components of Lease Costs and Supplemental Balance Sheet Information Related to Leases

Supplemental cash flow information related to leases was as follows:



(in millions)	Three Months Ended March 31, 2019
Cash paid for the amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	(30	)

Financing cash flow from finance leases	$	(3	)

Supplemental non-cash information on right of use assets obtained in exchange for new lease obligations:
Operating leases	$	6

The components of lease costs were as follows:



(in millions)	Three Months Ended March 31, 2019
Finance Lease Costs:
Amortization of right of use assets	$	3
Total Finance Lease Costs	$	3
Operating lease costs:
Base rent	$	31
Short-term lease costs	3
Variable lease costs⁽¹⁾	7
Sublease income	(1		)
Total Operating Lease Costs	$	40

__________

(1)

Primarily related to taxes, insurance and common area and other maintenance costs for real estate leases.

Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases was as follows:



(in millions)	March 31, 2019
Operating Leases:
Operating lease right of use assets	$	338

Other current liabilities	$	112
Operating lease liabilities	282
Total Operating Lease Liabilities	$	394

Finance Leases:
Land, buildings and Equipment, net	$	21

Current portion of long-term debt	$	9
Long-term debt	14
Total Finance Lease Liabilities	$	23

Aggregate Future Lease Payments for Operating Leases

The aggregate future lease payments for operating leases were as follows:



	March 31, 2019
(in millions)	Operating Lease Payments
Maturity Of Lease Liabilities:
2019 (remaining)	$	100
2020	105
2021	75
2022	52
2023	35
Thereafter	84
Total undiscounted operating lease payments	451
Less imputed interest	57
Present value of operating lease liabilities	$	394

Maturities of Finance Lease Liabilities

Maturities of finance lease liabilities were as follows:



	March 31, 2019
(in millions)	Finance Lease Payments
2019 (remaining)	$	8
2020	6
2021	5
2022	4
2023	1
Thereafter	—
Total undiscounted finance lease payments	24
Less imputed interest	1
Present value of finance lease liabilities	$	23

Schedule of Future Minimum Lease Payments for Operating Leases

As previously disclosed in Note 5 to the Consolidated Financial Statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2018, under the previous lease accounting, future minimum lease payments for operating leases having initial or remaining non-cancelable lease term in excess of one year were as follows:



	December 31, 2018
(in millions)	Operating Lease Payments
Maturity Of Lease Liabilities:
2019	$	153
2020	113
2021	78
2022	53
2023	33
Thereafter	76
Total minimum operating lease payments	$	506