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Leases (Tables)

9 Months Ended

Sep. 30, 2019

Schedule of Maturities of Non-Cancelable Operating Lease Liabilities

The maturities of our non-cancelable operating lease liabilities, due in each of the next five years and thereafter as of September 30, 2019, were:

	Operating Leases
Year	(in millions)
2019	$	8
2020		32
2021		32
2022		32
2023		26
Thereafter		414
Total minimum rent payments	$	544
Less: imputed interest		260
Total operating lease liabilities	$	284

Schedule of Rent Expense and Supplemental Cash Flow and Non Cash Information

The components of rent expense, which are primarily included in other property-level expenses in our condensed consolidated statements of comprehensive income, supplemental cash flow and non-cash information for all operating leases were:

	Three Months Ended September 30,		Nine Months Ended September 30,
	2019		2019
	(in millions)
Operating lease expense	$	7	$	21
Variable lease expense		4		11
Operating cash flows for operating leases		7		20
Right-of-use assets obtained in exchange for lease obligations⁽¹⁾		65		278

⁽¹⁾

For the nine months ended September 30, 2019, balance represents right-of-use assets recognized upon adoption of ASC 842, Leases, on January 1, 2019, and right-of-use assets assumed in connection with the Merger. For the three months ended September 30, 2019, balance represents right-of-use assets assumed in connection with the Merger.