Leases (Tables)

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Lease, Cost

The components of operating lease costs were as follows:

	Three Months Ended September 30,			Nine Months Ended September 30,
	2019
	(In millions)
Operating lease cost	$	75		$	219
Variable lease cost	9			32
Sublease income	(22		)	(65		)
Net lease cost	$	62		$	186

Lessee, Operating Lease, Disclosure

Supplemental other information related to operating leases was as follows:

	September 30, 2019
	(Dollars in millions)
Cash paid for amounts included in the measurement of lease liability - operating cash flows	$	208
ROU assets obtained in exchange for new lease liabilities	$	272
Weighted-average remaining lease term	8 years
Weighted-average discount rate	3.3		%

The ROU assets and lease liabilities for operating leases were:

	September 30, 2019
	(In millions)
ROU asset (1)	$	1,543
Lease liability (1)	$	1,639

__________________

(1)

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

Lessee, Operating Lease, Liability, Maturity

Maturities of operating lease liabilities were as follows:

	September 30, 2019
	(In millions)
Remainder of 2019	$	86
2020	281
2021	253
2022	217
2023	204
Thereafter	853
Total undiscounted cash flows	1,894
Less: interest	255
Present value of lease liability	$	1,639

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