Leases (Tables)

6 Months Ended

Jun. 30, 2020

Leases [Abstract]

Lease, Cost [Table Text Block]

The following table presents the components of lease cost:

	Second Quarter					First Six Months
(in millions)	2020		2019			2020			2019
Operating lease cost	$	28	$	20		$	56		$	40
Finance lease cost
Amortization of right-of-use assets	11		10			22			20
Interest on lease liabilities	3		3			7			7
Variable lease cost(1)	7		8			13			14
Short-term lease cost	1		2			1			3
Sublease income	—		(1		)	(1		)	(1		)
Total lease cost	$	50	$	42		$	98		$	83

(1)

Variable lease cost primarily consists of common area maintenance costs, property taxes, and adjustments for inflation.

Supplemental Cash Flow Information for Leases [Table Text Block]

The following table presents supplemental cash flow information about the Company's leases:

	First Six Months
(in millions)	2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	49	$	38
Operating cash flows from finance leases	7		7
Financing cash flows from finance leases	24		19

Schedule of Weighted Average Lease Disclosures [Table Text Block]

The following table presents information about the Company's weighted average discount rate and remaining lease term:

	June 30, 2020		December 31, 2019
Weighted average discount rate
Operating leases	4.6	%	4.6	%
Finance leases	4.9	%	5.1	%
Weighted average remaining lease term
Operating leases	11 years		10 years
Finance leases	11 years		12 years

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

Future minimum lease payments for non-cancellable leases that have commenced and are reflected on the unaudited Condensed Consolidated Balance Sheets as of June 30, 2020 were as follows:

(in millions)	Operating Leases			Finance Leases
Remainder of 2020	$	47		$	28
2021	89			50
2022	77			44
2023	69			39
2024	66			36
2025	60			33
Thereafter	354			165
Total future minimum lease payments	762			395
Less: imputed interest	(166		)	(90		)
Present value of minimum lease payments	$	596		$	305

Finance Lease, Liability, Fiscal Year Maturity [Table Text Block]

Future minimum lease payments for non-cancellable leases that have commenced and are reflected on the unaudited Condensed Consolidated Balance Sheets as of June 30, 2020 were as follows:

(in millions)	Operating Leases			Finance Leases
Remainder of 2020	$	47		$	28
2021	89			50
2022	77			44
2023	69			39
2024	66			36
2025	60			33
Thereafter	354			165
Total future minimum lease payments	762			395
Less: imputed interest	(166		)	(90		)
Present value of minimum lease payments	$	596		$	305