Leases (Tables)

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Composition of Lease Expense and Supplemental Cash Flows

The following table details the composition of lease expense for the 2019 first quarter:

	Three Months Ended
($ in millions)	March 31, 2019
Operating lease cost	$	45
Variable lease cost	27

The following table presents supplemental cash flow information for the 2019 first quarter:

	Three Months Ended
($ in millions)	March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows for operating leases	$	44
Operating cash outflows for finance leases	2
Financing cash outflows for finance leases	1

Maturities of Finance Lease Liabilities

The following tables present our future minimum lease payments and additional information about our lease obligations as of March 31, 2019:

($ in millions)	Operating Leases			Finance Leases
2019, remaining	$	132		$	10
2020	161			13
2021	142			13
2022	136			13
2023	107			13
Thereafter	665			165
Total minimum lease payments	$	1,343		$	227
Less: Amount representing interest	(323		)	(65		)
Present value of minimum lease payments	$	1,020		$	162

Maturities of Operating Lease Liabilities

The following tables present our future minimum lease payments and additional information about our lease obligations as of March 31, 2019:

($ in millions)	Operating Leases			Finance Leases
2019, remaining	$	132		$	10
2020	161			13
2021	142			13
2022	136			13
2023	107			13
Thereafter	665			165
Total minimum lease payments	$	1,343		$	227
Less: Amount representing interest	(323		)	(65		)
Present value of minimum lease payments	$	1,020		$	162

Lease Terms and Discount Rate

	March 31, 2019
Weighted Average Remaining Lease Term (in years)
Operating leases	11
Finance leases	15
Weighted Average Discount Rate
Operating leases	5.0	%
Finance leases	4.4	%

Balance Sheet Classification of Leases

The following table details the classification of lease liabilities in our Balance Sheets:

($ in millions)	Caption	March 31, 2019
Operating lease liabilities
Current	Accrued expenses and other	$	131
Noncurrent	Operating lease liabilities	889
		$	1,020
Finance lease liabilities
Current	Current portion of long-term debt	$	6
Noncurrent	Long-term debt	156
		$	162