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Leases (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
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 December 31, 2019, were:

 

 

 

Operating

Leases

 

Year

 

(in millions)

 

2020

 

$

29

 

2021

 

 

29

 

2022

 

 

29

 

2023

 

 

24

 

2024

 

 

25

 

Thereafter

 

 

365

 

Total minimum rent payments

 

 

501

 

Less: imputed interest

 

 

241

 

Total operating lease liabilities

 

$

260

 

 

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 consolidated statements of comprehensive income, supplemental cash flow and non-cash information for all operating leases were:

 

 

 

Year Ended December 31, 2019

 

 

 

(in millions)

 

Operating lease expense

 

$

30

 

Variable lease expense

 

 

13

 

Operating cash flows for operating leases

 

 

36

 

Right-of-use assets obtained in exchange for lease obligations(1)

 

 

278

 

 

(1)

For the year ended December 31, 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.