Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2021

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 March 31, 2021 and December 31, 2020:

(in millions)		March 31,		December 31,
Balance Sheet Location		2021		2020
Assets
Right of use assets	Lease right of use assets	$	479	$	494
Liabilities
Other current liabilities	Current lease liabilities	100		100
Lease liabilities — non-current	Non-current lease liabilities	525		544

Schedule of Components of Lease Expense and Supplemental Cash Flow Information

The components of lease expense for the three months ended March 31 are as follows: 

(in millions)	2021		2020
Operating lease cost	$	33	$	36
Sublease income	(1)		(4)
Total lease cost	$	32	$	32

Supplemental information related to leases for the three months ended March 31 are as follows:

(in millions)	2021		2020
Cash paid for amounts included in the measurement for operating lease liabilities
Operating cash flows for operating leases	$	32	$	39
Right of use assets obtained in exchange for lease obligations
Operating leases	—		6

Schedule of Lease Term and Discount Rate

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

	March 31,		December 31,
	2021		2020
Weighted-average remaining lease term (years)	8.4		8.5
Weighted-average discount rate	3.45	%	3.78	%

Schedule of Maturities of Operating Lease Liabilities

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

(in millions)
2021 (Excluding the three months ended March 31, 2021)	$	89
2022	103
2023	85
2024	68
2025	60
2026 and beyond	304
Total undiscounted lease payments	$	709
Less: Imputed interest	84
Present value of lease liabilities	$	625