Leases (Tables)

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Lease, Cost

The components of our lease cost were as follows:

	Year Ended December 31,
(in millions)	2020		2019
Lease cost
Operating lease cost	$	77	$	76
Short-term lease cost	2		9
Variable lease cost	22		19
Total lease cost	$	101	$	104

Assets and Liabilities, Leases

The supplemental cash flow information related to leases are as follows:

	Year Ended December 31,
(in millions)	2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	75	$	73
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	64	$	33

Information relating to the lease term and discount rate are as follows:

	Year Ended December 31,
	2020	2019
Weighted-average remaining lease term (years)
Operating leases	7 Years	6 Years
Weighted-average discount rate
Operating leases	2.5%	2.7%

Lessee, Operating Lease, Liability, Maturity

As of December 31, 2020, the maturities of operating lease liabilities were as follows:

(in millions)
2021	$	68
2022	54
2023	42
2024	32
2025	24
Thereafter	77
Total lease payments	297
Less: Imputed interest	(22)
Total (1)	$	275

(1) Excludes $27 million of legally binding minimum lease payments for leases signed but not yet commenced. Lease payments are expected to begin in 2021 when asset construction is complete.