Leases (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Schedule of Components of Lease Expense and Gain Realized on Sales Leaseback Transactions

Supplemental cash flow information related to leases was as follows:

	Year Ended December 31,
(In millions)	2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	704
Operating cash flows for finance leases	7
Financing cash flows for finance leases	62
Leased assets obtained in exchange for new lease obligations:
Operating leases	823
Finance leases	103

The components of our lease expense and gain realized on sale-leaseback transactions were as follows:

	Year Ended December 31,
(In millions)	2019
Operating lease cost	$	696
Short-term lease cost	144
Variable lease cost	90
Total operating lease cost	$	930
Finance lease cost:
Amortization of leased assets	$	53
Interest on lease liabilities	7
Total finance lease cost	$	60
Total lease cost	$	990
Gain recognized on sale-leaseback transactions (1)	$	99

(1)

For the year ended December 31, 2019, we completed multiple sale-leaseback transactions for land and buildings, including a sale and partial leaseback of our shared-services center in Portland, Oregon and received aggregate cash proceeds of $203 million. Gains on sale-leaseback transactions are included in Direct operating expense in our Consolidated Statements of Income.

Schedule of Supplemental Balance Sheet Information

Supplemental balance sheet information related to leases was as follows:

(In millions)	December 31, 2019
Operating leases:
Operating lease assets	$	2,245
Short-term operating lease liabilities	468
Operating lease liabilities	1,776
Total operating lease liabilities	$	2,244
Finance leases:
Property and equipment, gross	$	483
Accumulated depreciation	(125		)
Property and equipment, net	$	358
Short-term borrowings and current maturities of long-term debt	58
Long-term debt	288
Total finance lease liabilities	$	346
Weighted-average remaining lease term
Operating leases	7 years
Finance leases	7 years
Weighted-average discount rate
Operating leases	5.16		%
Finance leases	2.69		%

Schedule of Maturities of Finance Lease Liabilities

Maturities of lease liabilities as of December 31, 2019 were as follows:

(In millions)	Finance Leases			Operating Leases
2020	$	71		$	553
2021	67			503
2022	64			405
2023	70			316
2024	49			226
Thereafter	82			662
Total lease payments	$	403		$	2,665
Less: interest	(57		)	(421		)
Present value of lease liabilities	$	346		$	2,244

Schedule of Maturities of Operating Lease Liabilities

Maturities of lease liabilities as of December 31, 2019 were as follows:

(In millions)	Finance Leases			Operating Leases
2020	$	71		$	553
2021	67			503
2022	64			405
2023	70			316
2024	49			226
Thereafter	82			662
Total lease payments	$	403		$	2,665
Less: interest	(57		)	(421		)
Present value of lease liabilities	$	346		$	2,244

Schedule of Future Minimum Lease Payments for Capital Leases

Future minimum lease payments with initial or remaining non-cancelable lease terms in excess of one year as of December 31, 2018 were as follows:

(In millions)	Capital Leases			Operating Leases
Year ending December 31:
2019	$	61		$	577
2020	60			460
2021	55			367
2022	52			288
2023	43			221
Thereafter	39			523
Total minimum lease payments	$	310		$	2,436
Amount representing interest	(21		)
Present value of minimum lease payments	$	289

Schedule of Future Minimum Rental Payments for Operating Leases

Future minimum lease payments with initial or remaining non-cancelable lease terms in excess of one year as of December 31, 2018 were as follows:

(In millions)	Capital Leases			Operating Leases
Year ending December 31:
2019	$	61		$	577
2020	60			460
2021	55			367
2022	52			288
2023	43			221
Thereafter	39			523
Total minimum lease payments	$	310		$	2,436
Amount representing interest	(21		)
Present value of minimum lease payments	$	289