Leases (Tables)

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Operating and Finance Lease Right of Use ("ROU") Assets and Lease Liabilities

ROU assets and lease liabilities are reflected in the following lines in the Company’s Consolidated Balance Sheet:

	ROU Asset	Current Lease Liability	Non-Current Lease Liability
Operating lease	Other assets	Accrued expenses and other liabilities (current)	Other liabilities (non-current)
Finance lease	Property and equipment	Short-term debt	Long-term debt

Operating and finance lease ROU assets and lease liabilities were as follows:

(In millions)	December 31, 2020		December 31, 2019
Operating leases:
Operating lease ROU assets	$	552	$	536
Accrued expenses and other liabilities	$	152	$	166
Other non-current liabilities	491		465
Total operating lease liabilities	$	643	$	631
Finance leases:
Property and equipment, gross	$	98	$	110
Accumulated depreciation	(46)		(23)
Property and equipment, net	$	52	$	87
Short-term debt	$	18	$	27
Long-term debt	36		61
Total finance lease liabilities	$	54	$	88

Components of Lease Expense

The components of lease expense were as follows:

	For the Years Ended December 31,
(In millions)	2020		2019
Operating lease cost	$	190	$	188
Finance lease cost:
Amortization of ROU assets	28		28
Interest on lease liabilities	3		3
Total finance lease cost	31		31
Variable lease cost	48		50
Total lease cost	$	269	$	269

Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases was as follows:

	For the Years Ended December 31,
(In millions)	2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$	189	$	173
Operating cash outflows from finance leases	$	3	$	3
Financing cash outflows from finance leases	$	26	$	25
ROU assets obtained in exchange for lease obligations:
Operating leases	$	189	$	89
Finance leases	$	9	$	68

Maturities of Operating Lease Liabilities

Maturities of lease liabilities as of December 31, 2020 were as follows:

(In millions)	Operating Leases		Finance Leases
2021	$	150	$	20
2022	170		18
2023	118		6
2024	89		3
2025	57		3
Thereafter	121		10
Total lease payments	705		60
Less: imputed interest	62		6
Total	$	643	$	54

Maturities of Finance Lease Liabilities

Maturities of lease liabilities as of December 31, 2020 were as follows:

(In millions)	Operating Leases		Finance Leases
2021	$	150	$	20
2022	170		18
2023	118		6
2024	89		3
2025	57		3
Thereafter	121		10
Total lease payments	705		60
Less: imputed interest	62		6
Total	$	643	$	54