Leases (Tables)

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Lease, Cost

The components of operating lease costs were as follows:

	Three Months Ended March 31, 2019
	(In millions)
Operating lease cost	$	72
Variable lease cost	8
Sublease income	(21		)
Net lease cost	$	59

Lessee, Operating Lease, Disclosure

The ROU assets and lease liabilities for operating leases were:

	March 31, 2019
	(In millions)
ROU asset (1)	$	1,521
Lease liability (1)	$	1,673

__________________

(1) Assets and liabilities include amounts recognized upon adoption of new guidance. See Note 1.

Supplemental other information related to operating leases was as follows:

	March 31, 2019
	(Dollars in millions)
Cash paid for amounts included in the measurement of lease liability - operating cash flows	$	74
ROU assets obtained in exchange for new lease liabilities	$	153
Weighted-average remaining lease term	8 years
Weighted-average discount rate	3.3		%

Lessee, Operating Lease, Liability, Maturity

Maturities of operating lease liabilities were as follows:

	March 31, 2019
	(In millions)
Remainder of 2019	$	209
2020	265
2021	240
2022	209
2023	196
Thereafter	825
Total undiscounted cash flows	1,944
Less: interest	271
Present value of lease liability	$	1,673

Schedule of Future Minimum Rental Payments for Operating Leases

Future minimum gross rental payments relating to lease arrangements in effect as determined prior to the adoption of ASU 2016-02 are as follows:

	December 31, 2018
	(In millions)
2019	$	292
2020	282
2021	260
2022	224
2023	209
Thereafter	859
Total	$	2,126