LEASES (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Lease, Cost

The components of lease cost for the year ended December 31, 2019 were:

(in millions)	2019
Operating lease cost	$	121
Finance lease cost
Amortization of right-of-use assets	5
Interest on lease liabilities	5
Variable lease cost	89
Lease cost	$	220

The following table contains supplemental cash flow information related to leases for the year ended December 31, 2019:

(in millions)	2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	119
Operating cash flows from finance leases	4
Financing cash flows from finance leases	4
Right-of-use operating lease assets obtained in exchange for lease obligations	207

Lease term and discount rates as of December 31, 2019 were:

	December 31, 2019
Weighted-average remaining lease term (years)
Operating leases	10
Finance leases	15
Weighted-average discount rate
Operating leases	2.8	%
Finance leases	10.6	%

Assets And Liabilities, Lessee

Supplemental balance sheet information related to leases as of December 31, 2019 includes:

(in millions)	December 31, 2019
Operating leases
Operating lease right-of-use assets	$	608
Accounts payable and accrued liabilities	$	101
Operating lease liabilities	510
Total operating lease liabilities	$	611
Finance leases
Property, plant and equipment, at cost	$	63
Accumulated depreciation	(19)
Property, plant and equipment, net	$	44
Current maturities of long-term debt and finance lease obligations	$	—
Long-term debt and finance lease obligations	54
Total finance lease liabilities	$	54

Lessee, Operating Lease, Liability, Maturity

Maturities of operating and finance lease liabilities as of December 31, 2019 were:

(in millions)	Finance Leases		Operating Leases
2020	$	7	$	112
2021	7		96
2022	7		80
2023	6		67
2024	6		54
Thereafter	78		267
Total minimum lease payments	111		676
Less: imputed interest	(57)		(65)
Present value of lease liabilities	$	54	$	611

Finance Lease, Liability, Maturity

Maturities of operating and finance lease liabilities as of December 31, 2019 were:

(in millions)	Finance Leases		Operating Leases
2020	$	7	$	112
2021	7		96
2022	7		80
2023	6		67
2024	6		54
Thereafter	78		267
Total minimum lease payments	111		676
Less: imputed interest	(57)		(65)
Present value of lease liabilities	$	54	$	611

Contractual Obligation, Fiscal Year Maturity Schedule

Maturities of operating and finance lease liabilities as of December 31, 2018 were:

	As Restated
(in millions)	Capital Leases		Operating Leases
2019	$	7	$	123
2020	7		94
2021	8		86
2022	8		72
2023	6		64
Thereafter	88		212
Total minimum lease payments	124		$	651
Less: imputed interest	(62)
Present value of lease liabilities	$	62

Operating Lease, Lease Income

The components of lease revenue for the year ended December 31, 2019 were:

(in millions)	2019
Sales-type lease revenue	$	35
Operating lease revenue	61
Variable lease revenue	85
Total lease revenue	$	181

Sales-type Lease, Lease Income

The components of our net investment in sales-type leases as of December 31, 2019 were:

(in millions)	2019
Minimum lease payments	$	110
Unguaranteed residual values	11
Net investment in leases	$	121

Our net investment in sales-type leases is classified as follows in the accompanying consolidated balance sheets:

(in millions)	December 31, 2019
Accounts receivable, net	$	45
Other non-current assets	76
Total	$	121

Sales-type and Direct Financing Leases, Lease Receivable, Maturity

Maturities of sales-type and operating leases as of December 31, 2019 were:

(in millions)	Sales-type Leases		Operating Leases
2020	$	45	$	61
2021	32		60
2022	22		60
2023	14		33
2024	7		15
Thereafter	1		4
Total minimum lease payments	121		$	233
Less: imputed interest	(11)
Present value of minimum lease payments	$	110

Lessor, Operating Lease, Payments to be Received, Maturity

Maturities of sales-type and operating leases as of December 31, 2019 were:

(in millions)	Sales-type Leases		Operating Leases
2020	$	45	$	61
2021	32		60
2022	22		60
2023	14		33
2024	7		15
Thereafter	1		4
Total minimum lease payments	121		$	233
Less: imputed interest	(11)
Present value of minimum lease payments	$	110