Leases (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Schedule of Leases

The following are additional details related to our lease portfolio:

		Dec. 31,
Millions	Classification	2019
Assets
Operating leases	Operating lease assets	$	1,812
Finance leases	Net properties [a]		468
Total leased assets		$	2,280
Liabilities
Current
Operating	Accounts payable and other current liabilities	$	362
Finance	Debt due within one year		114
Noncurrent
Operating	Operating lease liabilities		1,471
Finance	Debt due after one year		491
Total lease liabilities		$	2,438

[a] Finance lease assets are recorded net of accumulated amortization of $797 million as of December 31, 2019.

Schedule of Lease Cost

The lease cost components are classified as follows:

		Dec. 31,
Millions	Classification	2019
Operating lease cost [a]	Equipment and other rents	$	328
Finance lease cost
Amortization of leased assets	Depreciation		72
Interest on lease liabilities	Interest expense		34
Net lease cost		$	434

[a] Includes short-term lease costs of $1 million and variable lease costs of $8 million.

Future Minimum Lease Payments For Operating And Finance Leases

The following table presents aggregate lease maturities as of December 31, 2019:

Millions		Operating Leases		Finance Leases		Total
2020	$	366	$	143	$	509
2021		293		147		440
2022		258		130		388
2023		217		88		305
2024		208		75		283
After 2024		775		124		899
Total lease payments	$	2,117	$	707	$	2,824
Less: Interest		284		102		386
Present value of lease liabilities	$	1,833	$	605	$	2,438

Weighted Average Remaining Lease Term and Discount Rate

The following table presents the weighted average remaining lease term and discount rate:

	Dec. 31,
	2019
Weighted-average remaining lease term (years)
Operating leases		8.7
Finance leases		5.9
Weighted-average discount rate (%)
Operating leases		3.7
Finance leases		5.3

Schedule of Leases - Other Information

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The following table presents other information related to our operating and finance leases for the year ended December 31:

Millions	2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	350
Operating cash flows from finance leases		35
Financing cash flows from finance leases		112
Leased assets obtained in exchange for finance lease liabilities		-
Leased assets obtained in exchange for operating lease liabilities		64