Leases (Tables)

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Lease, Cost

The components of lease expense included in Income (Loss) before Income Taxes for the years ended December 31, 2020 and 2019 are as follows:

(In millions)	2020			2019
Operating Lease Expense	$	286		$	292
Finance Lease Expense:
Amortization of ROU assets		11			11
Interest on lease liabilities		21			21
Short Term Lease Expense		6			6
Variable Lease Expense		3			7
Sublease Income		(11	)		(15	)
Total Lease Expense	$	316		$	322

Schedule of Rent Expense

Net rental expense for the year ended December 31, 2018 is comprised of the following:

(In millions)	2018
Gross rental expense	$	333
Sublease rental income		(16	)
	$	317

Direct Financing Lease, Lease Income

Supplemental cash flow information related to leases for the years ended December 31, 2020 and 2019 is as follows:

(In millions)	2020		2019
Cash Paid for Amounts Included in the Measurement of Lease Liabilities
Operating Cash Flows for Operating Leases	$	268	$	267
Operating Cash Flows for Finance Leases		21		21
Financing Cash Flows for Finance Leases		7		7
ROU Assets Obtained in Exchange for Lease Obligations
Operating Leases		202		197
Finance Leases		3		34

Operating Lease, Lease Income

Supplemental cash flow information related to leases for the years ended December 31, 2020 and 2019 is as follows:

(In millions)	2020		2019
Cash Paid for Amounts Included in the Measurement of Lease Liabilities
Operating Cash Flows for Operating Leases	$	268	$	267
Operating Cash Flows for Finance Leases		21		21
Financing Cash Flows for Finance Leases		7		7
ROU Assets Obtained in Exchange for Lease Obligations
Operating Leases		202		197
Finance Leases		3		34

Lessee, Balance Sheet Information

Supplemental balance sheet information related to leases as of December 31, 2020 and 2019 is as follows:

(In millions, except lease term and discount rate)	2020			2019
Operating Leases
Operating Lease ROU Assets	$	851		$	855
Operating Lease Liabilities due Within One Year	$	198		$	199
Operating Lease Liabilities		684			668
Total Operating Lease Liabilities	$	882		$	867
Finance Leases
Property, Plant and Equipment, at cost	$	262		$	259
Accumulated Depreciation		(60	)		(50	)
Property, Plant and Equipment, net	$	202		$	209
Long Term Debt and Finance Leases due Within One Year	$	18		$	6
Long Term Debt and Finance Leases		232			243
Total Finance Lease Liabilities	$	250		$	249

Weighted Average Remaining Lease Term (years)
Operating Leases	7.3	7.2
Finance Leases	30.9	31.6
Weighted Average Discount Rate
Operating Leases	6.85%	6.69%
Finance Leases	8.48%	8.46%

Lessee, Operating Lease, Liability, Maturity

Future maturities of our lease liabilities, excluding subleases, as of December 31, 2020 are as follows:

(In millions)	Operating Leases		Finance Leases
2021	$	245	$	38
2022		186		23
2023		146		21
2024		110		21
2025		88		22
Thereafter		376		671
Total Lease Payments		1,151		796
Less: Imputed Interest		269		546
Total	$	882	$	250

Finance Lease, Liability, Maturity

Future maturities of our lease liabilities, excluding subleases, as of December 31, 2020 are as follows:

(In millions)	Operating Leases		Finance Leases
2021	$	245	$	38
2022		186		23
2023		146		21
2024		110		21
2025		88		22
Thereafter		376		671
Total Lease Payments		1,151		796
Less: Imputed Interest		269		546
Total	$	882	$	250