Leases (Tables)

12 Months Ended

Dec. 31, 2019

Supplemental consolidated cash flow statement information related to leases:



	Year Ended December 31, 2019
	(Dollars in millions)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	665
Operating cash flows from finance leases	14
Financing cash flows from finance leases	32
Supplemental lease cash flow disclosures
Operating lease right-of-use assets obtained in exchange for new operating lease liabilities	$	358
Right-of-use assets obtained in exchange for new finance lease liabilities	$	14

Lease expense consisted of the following:



	Year Ended December 31, 2019
	(Dollars in millions)
Operating and short-term lease cost	$	677
Finance lease cost:
Amortization of right-of-use assets	44
Interest on lease liability	12
Total finance lease cost	56
Total lease cost	$	733

Supplemental consolidated balance sheet information and other information related to leases:



		December 31
Leases (Dollars in millions)	Classification on the Balance Sheet	2019
Assets
Operating lease assets	Operating lease assets	$	1,686
Finance lease assets	Property, plant and equipment, net of accumulated depreciation	252
Total leased assets		$	1,938

Liabilities
Current
Operating	Current operating lease liabilities	$	416
Finance	Current portion of long-term debt	35
Noncurrent
Operating	Noncurrent operating lease liabilities	1,342
Finance	Long-term debt	185
Total lease liabilities		$	1,978

Weighted-average remaining lease term (years)
Operating leases		7.2
Finance leases		11.3
Weighted-average discount rate
Operating leases		6.46		%
Finance leases		5.47		%

As of December 31, 2019, maturities of lease liabilities were as follows:

The future annual minimum payments under capital lease agreements as of December 31, 2018 were as follows:



	Capital Lease Obligations
	(Dollars in millions)
2019	$	51
2020	36
2021	23
2022	21
2023	20
2024 and thereafter	183
Total minimum payments	334
Less: amount representing interest and executory costs	(100		)
Present value of minimum payments	234
Less: current portion	(38		)
Long-term portion	$	196

At December 31, 2018, our future rental commitments for operating leases were as follows:



	Operating Leases
	(Dollars in millions)
2019	$	675
2020	443
2021	355
2022	279
2023	241
2024 and thereafter	969
Total future minimum payments ⁽¹⁾	$	2,962

_______________________________________________________________________________

(1)

Minimum payments have not been reduced by minimum sublease rentals of $101 million due in the future under non-cancelable subleases.

At December 31, 2019, our future rental commitments for Right-of-Way agreements were as follows:



	Right-of-Way Agreements
	(Dollars in millions)
2020	$	174
2021	75
2022	72
2023	63
2024	52
2025 and thereafter	464
Total future minimum payments	$	900