Leases (Tables)

9 Months Ended

Sep. 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)	September 30, 2021			December 31, 2020
Operating assets and liabilities
Operating right-of-use assets, net of amortization	$	196		$	213
Operating lease liabilities	223			240
Weighted average remaining lease term (years)
Operating leases	8.6			8.9
Finance leases	18.5			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 September 30,				Nine Months Ended September 30,
(In millions)	2021		2020		2021		2020
Operating lease costs	$	12	$	12	$	35	$	37
Variable lease costs	12		12		37		36
Total lease cost	$	24	$	24	$	72	$	73

Supplemental cash flow information related to leases is as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2021		2020		2021		2020
Operating cash disbursements from operating leases	$	13	$	13	$	38	$	38

New operating lease liabilities are as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2021		2020		2021		2020
New operating lease liabilities	$	1	$	—	$	1	$	6

Lease Maturity Analysis

Contractual undiscounted lease payments for operating lease liabilities, due by year, include:

(In millions)
2021 1	$	12
2022	48
2023	42
2024	33
2025	24
Thereafter	99
Total	$	258

1 Contractual maturities for the three months remaining in 2021.