Leases (Tables)

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Lease, Cost

The components of operating lease costs were as follows:

	Three Months Ended June 30,			Six Months Ended June 30,
	2019
	(In millions)
Operating lease cost	$	72		$	144
Variable lease cost	15			23
Sublease income	(22		)	(43		)
Net lease cost	$	65		$	124

Lessee, Operating Lease, Disclosure

The ROU assets and lease liabilities for operating leases were:

	June 30, 2019
	(In millions)
ROU asset (1)	$	1,494
Lease liability (1)	$	1,660

__________________

(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:

	June 30, 2019
	(Dollars in millions)
Cash paid for amounts included in the measurement of lease liability - operating cash flows	$	135
ROU assets obtained in exchange for new lease liabilities	$	216
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:

	June 30, 2019
	(In millions)
Remainder of 2019	$	154
2020	274
2021	247
2022	213
2023	201
Thereafter	832
Total undiscounted cash flows	1,921
Less: interest	261
Present value of lease liability	$	1,660

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