Leases (Tables)

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Components of Lease Expense

The components of lease expense were as follows:

(in millions)		Three Months Ended September 30, 2019	Nine Months Ended September 30, 2019
Lease cost
Finance lease cost:
Amortization of right-of-use assets	$	15	$	52
Interest on lease liabilities		2		7
Total finance lease cost		17		59
Operating lease cost		33		91
Sublease income		—		(2	)
Total lease cost	$	50	$	148

Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases was as follows:

(in millions, except lease term and discount rate)	September 30, 2019
Operating leases
Operating lease right-of-use assets	$	425
Other current liabilities		110
Operating lease liabilities		393
Total operating lease liabilities	$	503
Finance leases
Property, plant and equipment, gross	$	372
Accumulated depreciation		(203	)
Property, plant and equipment, net		169
Other intangible assets, gross		23
Accumulated amortization		(12	)
Other intangible assets, net		11
Accounts payable and other current liabilities		53
Long-term debt and finance lease obligations		85
Total finance lease liabilities	$	138
Other information
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows used in finance leases		(7	)
Operating cash flows used in operating leases		(106	)
Financing cash flows used in finance leases		(44	)
Right-of-use assets obtained in exchange for new finance lease liabilities		17
Right-of-use assets obtained in exchange for new operating lease liabilities		41
Weighted-average remaining lease term--finance leases	4 years
Weighted-average remaining lease term--operating leases	8 years
Weighted-average discount rate--finance leases		6.30	%
Weighted-average discount rate--operating leases		4.50	%

Schedule of Annual Maturities of Lease Liabilities

Annual maturities of Nielsen’s lease liabilities are as follows:

(in millions)	Operating Leases			Finance Leases
For October 1, 2019 to December 31, 2019	$	36		$	19
2020		127			55
2021		95			35
2022		73			21
2023		55			11
2024		36			4
Thereafter		181			9
Total lease payments		603			154
Less imputed interest		(100	)		(16	)
Total	$	503		$	138