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Leases (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Components of Lease Expense

The components of lease expense were as follows:

 

(in millions)

 

Year

Ended

December

31, 2019

 

Lease cost

 

 

 

 

Finance lease cost:

 

 

 

 

Amortization of right-of-use assets

 

$

62

 

Interest on lease liabilities

 

 

9

 

Total finance lease cost

 

 

71

 

Operating lease cost

 

 

123

 

Short-term lease costs

 

 

5

 

Sublease income

 

 

(3

)

Total lease cost

 

$

196

 

 

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)

 

December

31, 2019

 

Operating leases

 

 

 

 

Operating lease right-of-use assets

 

$

393

 

 

 

 

 

 

Other current liabilities

 

 

110

 

Operating lease liabilities

 

 

370

 

Total operating lease liabilities

 

$

480

 

 

 

 

 

 

Finance leases

 

 

 

 

Property, plant and equipment, gross

 

$

393

 

Accumulated depreciation

 

 

(213

)

Property, plant and equipment, net

 

 

180

 

 

 

 

 

 

Other intangible assets, gross

 

 

24

 

Accumulated amortization

 

 

(13

)

Other intangible assets, net

 

 

11

 

 

 

 

 

 

Accounts payable and other current liabilities

 

 

53

 

Long-term debt and finance lease obligations

 

 

92

 

Total finance lease liabilities

 

$

145

 

 

 

 

 

 

Other information

 

 

 

 

Cash paid for amounts included in the measurement of

   lease liabilities

 

 

 

 

Operating cash flows used in finance leases

 

 

(9

)

Operating cash flows used in operating leases

 

 

(126

)

Financing cash flows used in finance leases

 

 

(60

)

Right-of-use assets obtained in exchange for new

   finance lease liabilities

 

 

40

 

Right-of-use assets obtained in exchange for new

   operating lease liabilities

 

 

43

 

Weighted-average remaining lease term--finance leases

 

4 years

 

Weighted-average remaining lease term--operating leases

 

8 years

 

Weighted-average discount rate--finance leases

 

 

6.2

%

Weighted-average discount rate--operating leases

 

 

4.5

%

 

Schedule of Annual Maturities of Lease Liabilities

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

 

(in millions)

 

Operating

Leases

 

 

Finance

Leases

 

2020

 

$

136

 

 

$

61

 

2021

 

 

99

 

 

 

42

 

2022

 

 

75

 

 

 

29

 

2023

 

 

53

 

 

 

15

 

2024

 

 

40

 

 

 

7

 

Thereafter

 

 

171

 

 

 

8

 

Total lease payments

 

 

574

 

 

 

162

 

Less imputed interest

 

 

(94

)

 

 

(17

)

Total

 

$

480

 

 

$

145