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Leases (Tables)
3 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Lease, Cost
Lease cost recognized in our consolidated statements of operations is summarized as follows (in millions):
 
Three Months Ended March 31,
 
2019
 
2020
Operating lease cost
$
836

 
$
1,068

Finance lease cost:
 
 
 
Amortization of lease assets
2,307

 
1,894

Interest on lease liabilities
156

 
164

Finance lease cost
2,463

 
2,058

Variable lease cost
250

 
264

Total lease cost
$
3,549

 
$
3,390


Other Operating and Finance Lease Information
Other information about lease amounts recognized in our consolidated financial statements is summarized as follows:
 
December 31, 2019
 
March 31, 2020
Weighted-average remaining lease term – operating leases
11.5 years

 
11.4 years

Weighted-average remaining lease term – finance leases
5.5 years

 
5.6 years

Weighted-average discount rate – operating leases
3.1
%
 
3.0
%
Weighted-average discount rate – finance leases
2.7
%
 
2.6
%

Operating and Finance Lease Liability Reconciliation
Our lease liabilities were as follows (in millions):
 
December 31, 2019
 
Operating Leases
 
Finance Leases
 
Total
Gross lease liabilities
$
31,963

 
$
28,875

 
$
60,838

Less: imputed interest
(6,128
)
 
(1,896
)
 
(8,024
)
Present value of lease liabilities
25,835

 
26,979

 
52,814

Less: current portion of lease liabilities
(3,139
)
 
(9,884
)
 
(13,023
)
Total long-term lease liabilities
$
22,696

 
$
17,095

 
$
39,791

 
March 31, 2020
 
Operating Leases
 
Finance Leases
 
Total
Gross lease liabilities
$
33,654

 
$
28,147

 
$
61,801

Less: imputed interest
(6,570
)
 
(1,828
)
 
(8,398
)
Present value of lease liabilities
27,084

 
26,319

 
53,403

Less: current portion of lease liabilities
(3,279
)
 
(9,824
)
 
(13,103
)
Total long-term lease liabilities
$
23,805

 
$
16,495

 
$
40,300