Leases (Tables)

6 Months Ended

Jun. 30, 2021

Leases [Abstract]

Lease Related Assets and Liabilities

The following schedule presents lease-related assets and liabilities, their weighted average remaining life, and the weighted average discount rate:

(Dollar amounts in millions)	June 30, 2021			December 31, 2020
Operating assets and liabilities
Operating right-of-use assets, net of amortization	$	202		$	213
Operating lease liabilities	229			240
Weighted average remaining lease term (years)
Operating leases	8.7			8.9
Finance leases	18.8			19.2
Weighted average discount rate
Operating leases	2.8		%	2.9		%
Finance leases	3.1		%	3.1		%

Lease Expense

The components of lease expense are as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
(In millions)	2021		2020		2021		2020
Operating lease costs	$	12	$	12	$	24	$	24
Variable lease costs	12		12		25		24
Total lease cost	$	24	$	24	$	49	$	48

Supplemental cash flow information related to leases is as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
(In millions)	2021		2020		2021		2020
Cash paid for amounts in the measurement of lease liabilities:
Operating cash disbursements from operating leases	$	12	$	13	$	25	$	25

ROU assets obtained in exchange for lease liabilities are as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
(In millions)	2021		2020		2021		2020
New operating lease liabilities	$	—	$	3	$	—	$	6

Lease Maturity Analysis

Maturities analysis for operating lease liabilities at June 30, 2021 is as follows (contractual undiscounted lease payments):

(In millions)
2021 1	$	25
2022	47
2023	41
2024	32
2025	23
Thereafter	97
Total	$	265

1 Contractual maturities for the six months remaining in 2021.