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Leases (Tables)
 9 Months Ended
Sep. 30, 2019
Leases [Abstract]  
Composition of Lease Expense and Supplemental Cash Flows
The following table details the composition of lease expense for the 2019 third quarter and 2019 first three quarters:
 
 
September 30, 2019
($ in millions)
 
Three Months Ended
 
Nine Months Ended
Operating lease cost 
 
$
47

 
$
138

Variable lease cost
 
27

 
85


The following table presents supplemental cash flow information for the 2019 first three quarters:
 
Nine Months Ended
($ in millions)
September 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
 
Operating cash outflows for operating leases
$
133

Operating cash outflows for finance leases
5

Financing cash outflows for finance leases
4
Maturities of Finance Lease Liabilities
The following table presents our future minimum lease payments as of September 30, 2019:
($ in millions)
Operating Leases
 
Finance Leases
2019, remaining
$
44

 
$
3

2020
172

 
13

2021
156

 
13

2022
148

 
13

2023
113

 
13

Thereafter
666

 
165

Total minimum lease payments
$
1,299

 
$
220

Less: Amount representing interest
(300
)
 
(61
)
Present value of minimum lease payments 
$
999

 
$
159

 
 
 
 
Current (1)
131

 
6

Noncurrent (2)
868

 
153

 
$
999

 
$
159


(1) 
Operating leases recorded in the “Accrued expenses and other” and finance leases recorded in the “Current portion of long-term debt” captions of our Balance Sheets.
(2) 
Operating leases recorded in the “Operating lease liabilities” and finance leases recorded in the “Long-term debt” captions of our Balance Sheets
Maturities of Operating Lease Liabilities
The following table presents our future minimum lease payments as of September 30, 2019:
($ in millions)
Operating Leases
 
Finance Leases
2019, remaining
$
44

 
$
3

2020
172

 
13

2021
156

 
13

2022
148

 
13

2023
113

 
13

Thereafter
666

 
165

Total minimum lease payments
$
1,299

 
$
220

Less: Amount representing interest
(300
)
 
(61
)
Present value of minimum lease payments 
$
999

 
$
159

 
 
 
 
Current (1)
131

 
6

Noncurrent (2)
868

 
153

 
$
999

 
$
159
Lease Terms and Discount Rate
The following table presents additional information about our lease obligations as of September 30, 2019:
 
 
Operating leases
 
Finance leases
Weighted Average Remaining Lease Term (in years)
 
11

 
15

Weighted Average Discount Rate
 
4.9
%
 
4.4
%