Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.19.3.a.u2
Leases (Tables)
12 Months Ended
Dec. 31, 2019
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]  
Summary of components of lease expense

Year ended

December 31, 2019

in millions

Finance lease cost

Depreciation of leased assets

$

37

Interest on lease liabilities

6

Total finance lease cost

43

Operating lease cost

89

Sublease income

(3)

Total lease cost

$

129

Schedule of remaining weighted-average lease term and weighted-average discount rate

December 31, 2019

Weighted-average remaining lease term (years):

Finance leases

29.7

Operating leases

9.2

Weighted-average discount rate:

Finance leases

4.6%

Operating leases

5.2%

Schedule of balance sheet and other information of our leases

December 31, 2019

in millions

Operating leases:

Operating lease right-of-use assets (1)

$

510

Current operating lease liabilities (2)

$

53

Operating lease liabilities (3)

495

Total operating lease liabilities

$

548

Finance Leases:

Property and equipment, at cost

$

473

Accumulated depreciation

(89)

Property and equipment, net

$

384

Current finance lease liabilities (2)

$

4

Finance lease liabilities (3)

119

Total finance lease liabilities

$

123

(1) Included in Other assets in the condensed consolidated balance sheet
(2) Included in Other current liabilities in the condensed consolidated balance sheet
(3) Included in Other liabilities in the condensed consolidated balance sheet

Schedule of cash flow information related to our leases

Year ended

December 31, 2019

in millions

Cash paid for amounts included in the measurement of lease liabilities:

Operating cash flows from operating leases

$

79

Financing cash flows from finance leases

$

8

Right-of-use assets obtained in exchange for lease obligations:

Operating leases

$

83

Summary of maturities of our operating leases

Finance leases

Operating leases

in millions

2020

$

10

78

2021

10

81

2022

9

76

2023

9

72

2024

9

63

Thereafter

161

331

Total lease payments

208

701

Less: implied interest

85

153

Present value of lease liabilities

$

123

548

Summary of maturities of our finance leases

Finance leases

Operating leases

in millions

2020

$

10

78

2021

10

81

2022

9

76

2023

9

72

2024

9

63

Thereafter

161

331

Total lease payments

208

701

Less: implied interest

85

153

Present value of lease liabilities

$

123

548

ASU 2016-02  
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]  
Schedule of cumulative effect of changes in consolidated financial statements

Balance at December 31, 2018

Adjustments due to ASC 842

Balance at January 1, 2019

in millions

Assets

Other current assets

$

360

(2)

358

Property and equipment, at cost

$

3,765

(371)

3,394

Accumulated depreciation

$

(1,296)

15

(1,281)

Other assets

$

1,861

396

2,257

Liabilities and Equity

Current portion of debt

$

17

(4)

13

Other current liabilities

$

32

36

68

Long-term debt

$

13,371

(1)

13,370

Other long-term liabilities

$

864

9

873

Retained earnings

$

13,644

(2)

13,642