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Leases (Tables)
6 Months Ended
Jun. 30, 2019
Leases [Abstract]  
Supplemental Balance Sheet Information
The following table presents the lease balances within the consolidated balance sheet and other supplemental information related to our leases as of June 30, 2019:
(In millions, except lease terms and discount rates)
 
June 30, 2019
Operating Leases:
 
 
Operating lease right-of-use assets, net
 
$
60

Accrued expenses, other
 
$
20

Other liabilities
 
42

Total operating lease liabilities
 
$
62

Finance Leases:
 
 
Property and equipment, net
 
$
1

Current maturities of long-term debt and other borrowings
 
$

Long-term debt and other borrowings, net
 
1

Total finance lease liabilities
 
$
1

Weighted-average remaining lease term:
 
 
Operating leases
 
4.1 years

Finance leases
 
3.1 years

Weighted-average discount rate:
 
 
Operating leases
 
3.6
%
Finance leases
 
10.1
%
Schedule of Supplemental Cash Flow Information Related to Leases
Supplemental cash flow information related to leases was as follows:
 
 
Three Months Ended
 
Six Months Ended
(In millions)
 
June 30, 2019
 
June 30, 2019
Cash paid for amounts included in the measurement of operating lease liabilities
 
$
6

 
$
12

Right-of-use assets obtained in exchange for new operating lease liabilities
 
$
4

 
$
71

Right-of-use assets obtained in exchange for new finance lease liabilities
 
$

 
$
1

Finance Lease Maturities
The following table presents the maturity of our operating lease liabilities as of June 30, 2019:
(In millions)
 
Operating Leases
2019 (remaining 6 months)
 
$
12

2020
 
19

2021
 
14

2022
 
9

2023
 
5

Thereafter
 
8

Total minimum lease payments
 
67

Less: amount representing interest
 
(5
)
Present value of net minimum lease payments
 
62

Less: current portion of operating lease obligation
 
(20
)
Long-term operating lease obligation
 
$
42

Operating Lease Maturities
The following table presents the maturity of our operating lease liabilities as of June 30, 2019:
(In millions)
 
Operating Leases
2019 (remaining 6 months)
 
$
12

2020
 
19

2021
 
14

2022
 
9

2023
 
5

Thereafter
 
8

Total minimum lease payments
 
67

Less: amount representing interest
 
(5
)
Present value of net minimum lease payments
 
62

Less: current portion of operating lease obligation
 
(20
)
Long-term operating lease obligation
 
$
42