Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 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 September 30, 2021 and December 31, 2020:

(in millions)		September 30,		December 31,
Balance Sheet Location		2021		2020
Assets
Right of use assets	Lease right of use assets	$	462	$	494
Liabilities
Other current liabilities	Current lease liabilities	96		100
Lease liabilities — non-current	Non-current lease liabilities	508		544

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
	2021		2020		2021		2020
Operating lease cost	$	32	$	35	$	97	$	110
Sublease income	—		—		(1)		(5)
Total lease cost	$	32	$	35	$	96	$	105

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

(in millions)	Three Months				Nine Months
	2021		2020		2021	2020
Cash paid for amounts included in the measurement for operating lease liabilities
Operating cash flows for operating leases	$	32	$	32	96	105
Right of use assets obtained in exchange for lease obligations
Operating leases	16		—		18	6

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,
	2021		2020
Weighted-average remaining lease term (years)	8.4		8.5
Weighted-average discount rate	3.61	%	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 nine months ended September 30, 2021)	$	30
2022	113
2023	94
2024	75
2025	67
2026 and beyond	332
Total undiscounted lease payments	$	711
Less: Imputed interest	107
Present value of lease liabilities	$	604