Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2020

Commitments and Contingencies Disclosure [Abstract]

Schedule of Location and Amounts of Leases

The following table provides information on the location and amounts of our leases on our consolidated balance sheets as of September 30, 2020 and December 31, 2019:

(in millions)		September 30,		December 31,
Balance Sheet Location		2020		2019
Assets
Right of use assets	Lease right of use assets	$	610	$	676
Liabilities
Other current liabilities	Current lease liabilities	102		112
Lease liabilities — non-current	Non-current lease liabilities	563		620

Schedule of Components of Lease Expense and Supplemental Cash Flow Information

The components of lease expense for the periods ended September 30 are as follows: 

(in millions)	Three Months				Nine Months
	2020		2019		2020		2019
Operating lease cost	$	35	$	39	$	110	$	116
Sublease income	—		(4)		(5)		(13)
Total lease cost	$	35	$	35	$	105	$	103

Supplemental information related to leases for the periods ended September 30 are as follows:

(in millions)	Three Months				Nine Months
	2020		2019		2020	2019
Cash paid for amounts included in the measurement for operating lease liabilities
Operating cash flows from operating leases	$	32	$	39	105	110
Right of use assets obtained in exchange for lease obligations
Operating leases	—		34		6	772

Schedule of Lease Term and Discount Rate

Weighted-average remaining lease term and discount rate for our operating leases are as follows:

	September 30,		December 31,
	2020		2019
Weighted-average remaining lease term (years)	8.5		9.0
Weighted-average discount rate	3.86	%	3.93	%

Schedule of Maturities of Operating Lease Liabilities

Maturities of lease liabilities for our operating leases are as follows:

(in millions)
2020 (Excluding the nine months ended September 30, 2020)	$	31
2021	114
2022	97
2023	79
2024	67
2025 and beyond	360
Total undiscounted lease payments	$	748
Less: Imputed interest	83
Present value of lease liabilities	$	665