Leases

6 Months Ended

Jun. 30, 2020

Leases [Abstract]

Leases

LeasesWe have entered into operating and finance lease agreements primarily for data centers, land and offices throughout the world with lease periods expiring between 2020 and 2063.

Components of operating lease expense were as follows (in millions, unaudited):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2019		2020		2019		2020
Operating lease cost	$	427	$	544	$	825	$	1,067
Variable lease cost	130		155		258		295
Total operating lease cost	$	557	$	699	$	1,083	$	1,362

Supplemental information related to operating leases is as follows (in millions, unaudited):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2019		2020		2019		2020
Cash payments for operating leases	$	396	$	493	$	770	$	923
New operating lease assets obtained in exchange for operating lease liabilities	$	1,322	$	671	$	2,453	$	1,441

As of June 30, 2020, our operating leases had a weighted average remaining lease term of 9 years and a weighted average discount rate of 2.7%. Future lease payments under operating leases that have commenced as of June 30, 2020 were as follows (in millions, unaudited):

	Operating Leases
Remainder of 2020	$	937
2021	2,048
2022	1,907
2023	1,726
2024	1,493
Thereafter	6,330
Total future lease payments	14,441
Less imputed interest	(2,316)
Total lease liability balance	$	12,125

As of June 30, 2020, we have entered into leases that have not yet commenced with future lease payments of $7.3 billion, excluding purchase options, that are not yet recorded on our Consolidated Balance Sheets. These leases will commence between 2020 and 2026 with non-cancelable lease terms of 1 to 25 years.