Leases (Unaudited) (Notes)

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Lessee, Operating and Finance Leases [Text Block]

LEASES

As described in Note 1, effective January 1, 2019, we adopted ASC 842 using the optional transition method. In accordance with the optional transition method, we did not recast the prior period unaudited condensed consolidated financial statements and all prior period amounts and disclosures are presented under ASC 840. Finance leases are not material to our unaudited condensed consolidated financial statements and are therefore not included in the following disclosures.

Total Lease Cost

Total lease cost is included in Product and Service costs and G&A expenses in the unaudited condensed consolidated statement of earnings and comprehensive income and is recorded net of immaterial sublease income. Total lease cost is comprised of the following:

$ in millions	Three Months Ended September 30, 2019		Nine Months Ended September 30, 2019
Operating lease cost	$	78	$	237
Variable lease cost	3		7
Short-term lease cost	25		54
Total lease cost	$	106	$	298

Supplemental Balance Sheet Information

Supplemental operating lease balance sheet information consists of the following:

$ in millions	September 30, 2019
Operating lease right-of-use assets	$	1,511
Other current liabilities	260
Operating lease liabilities	1,304
Total operating lease liabilities	$	1,564

Other Supplemental Information

Other supplemental operating lease information consists of the following:

$ in millions	Nine Months Ended September 30, 2019
Cash paid for amounts included in the measurement of operating lease liabilities	$	223
Right-of-use assets obtained in exchange for new lease liabilities	397
Weighted average remaining lease term	11.7 years
Weighted average discount rate	3.8		%

Maturities of Lease Liabilities

Maturities of operating lease liabilities as of September 30, 2019 are as follows:

$ in millions
Year Ending December 31
2019 (1)	$	74
2020	298
2021	249
2022	212
2023	175
Thereafter	986
Total lease payments	1,994
Less: imputed interest	(430		)
Present value of operating lease liabilities	$	1,564

⁽¹⁾  Excludes the nine months ended September 30, 2019.

As of September 30, 2019, we have approximately $100 million in rental commitments for real estate leases that have not yet commenced. These leases are expected to commence in 2020 and 2021 with lease terms of 2 to 12 years.

Rental expense for operating leases classified under ASC 840 for the three and nine months ended September 30, 2018 was $97 million and $270 million, respectively. These amounts are net of immaterial amounts of sublease income. As of December 31, 2018, future minimum lease payments under long-term non-cancelable operating leases as classified under ASC 840 were as follows:

$ in millions
Year Ending December 31
2019	$	312
2020	270
2021	221
2022	186
2023	152
Thereafter	939
Total minimum lease payments	$	2,080