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LEASES (Tables)
 9 Months Ended
Sep. 30, 2019
Leases [Abstract]  
Components of Lease Cost
The components of lease cost for the three and nine months ended September 30, 2019 were:
(in millions)Three months ended September 30, 2019Nine months ended
September 30, 2019
Operating lease cost$30  $90  
Finance lease cost
Amortization of right-of-use assets1  4  
Interest on lease liabilities3  4  
Variable lease cost24  68  
Lease cost$58  $166  
The following table contains supplemental cash flow information related to leases for the nine months ended September 30, 2019:
(in millions)Nine months ended
September 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$89  
Operating cash flows from finance leases3  
Financing cash flows from finance leases3  
Right-of-use operating lease assets obtained in exchange for lease obligations164  
Assets And Liabilities, Lessee Supplemental balance sheet information related to leases as of September 30, 2019 includes:
(in millions)September 30, 2019
Operating leases
Operating lease right-of-use assets$589  
Accounts payable and accrued liabilities$98  
Operating lease liabilities494  
Total operating lease liabilities$592  
Finance leases
Property, plant and equipment, at cost$65  
Accumulated depreciation(19) 
Property, plant and equipment, net$46  
Current maturities of long-term debt and finance lease obligations$—  
Long-term debt and finance lease obligations53  
Total finance lease liabilities$53  
Lease, Term and Discount Rates
Lease term and discount rates as of September 30, 2019 were:
September 30, 2019
Weighted-average remaining lease term (years)
Operating leases10
Finance leases15
Weighted-average discount rate
Operating leases2.8 %
Finance leases10.5 %
Lessee, Operating Lease, Liability, Maturity
Maturities of operating and finance lease liabilities as of September 30, 2019 were:
(in millions)Finance LeasesOperating Leases
2019$2  $30  
20207  104  
20217  88  
20227  74  
20236  62  
Thereafter83  308  
Total minimum lease payments112  666  
Less: imputed interest(59) (74) 
Present value of lease liabilities $53  $592  
Finance Lease, Liability, Maturity
Maturities of operating and finance lease liabilities as of September 30, 2019 were:
(in millions)Finance LeasesOperating Leases
2019$2  $30  
20207  104  
20217  88  
20227  74  
20236  62  
Thereafter83  308  
Total minimum lease payments112  666  
Less: imputed interest(59) (74) 
Present value of lease liabilities $53  $592  
Contractual Obligation, Fiscal Year Maturity Schedule
Future minimum lease payments as of December 31, 2018 were:
As Restated
(in millions)Capital LeasesOperating Leases
2019$7  $123  
20207  94  
20218  86  
20228  72  
20236  64  
Thereafter88  212  
Total minimum lease payments124  $651  
Less: imputed interest(62) 
Present value of lease liabilities$62  
Operating Lease, Lease Income
The components of lease revenue for the three and nine months ended September 30, 2019 were:
(in millions)Three months ended September 30, 2019Nine months ended September 30, 2019
Sales-type lease revenue$3  $14  
Operating lease revenue16  46  
Variable lease revenue23  65  
Total lease revenue$42  $125  
Sales-type Lease, Lease Income
The components of our net investment in sales-type leases as of September 30, 2019 were:
(in millions)September 30, 2019
Minimum lease payments$83  
Unguaranteed residual values11  
Net investment in leases $94  
Our net investment in sales-type leases is classified as follows in the accompanying condensed consolidated balance sheets:
(in millions)September 30, 2019
Accounts receivable, net$36  
Other non-current assets58  
Total$94  
Lessor, Operating Lease, Payments to be Received, Maturity
Maturities of sales-type and operating leases as of September 30, 2019 were:
(in millions)Sales-type LeasesOperating Leases
2019$10  $15  
202031  61  
202125  61  
202217  58  
20239  27  
Thereafter3  5  
Total minimum lease payments95  $227  
Less: imputed interest(12) 
Present value of minimum lease payments$83  
Sales-type and Direct Financing Leases, Lease Receivable, Maturity
Maturities of sales-type and operating leases as of September 30, 2019 were:
(in millions)Sales-type LeasesOperating Leases
2019$10  $15  
202031  61  
202125  61  
202217  58  
20239  27  
Thereafter3  5  
Total minimum lease payments95  $227  
Less: imputed interest(12) 
Present value of minimum lease payments$83