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Leases (Tables)
6 Months Ended
Jun. 30, 2019
Leases  
Schedule of components of lease expense

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​

​

​

​

​

​

​

​

​

    

Three months ended 

    

Six months ended 

​

(Millions)

​

June 30, 2019

​

June 30, 2019

​

Operating lease cost

​

$

79

​

$

151

​

Finance lease cost:

​

​

​

​

​

​

​

Amortization of assets

​

​

6

​

​

10

​

Interest on lease liabilities

​

​

1

​

​

1

​

Variable lease cost

​

​

22

​

​

42

​

Total net lease cost

​

$

108

​

$

204

​

Schedule of supplemental balance sheet information

​

​

​

​

​

​

​

​

​

​

Location on Face of

​

As of:

​

(Millions unless noted)

​

Balance Sheet

​

June 30, 2019

​

Operating leases:

​

​

​

​

​

​

Operating lease right of use assets

​

Operating lease right of use assets

​

$

879

​

​

​

​

​

​

​

​

Current operating lease liabilities

​

Operating lease liabilities - current

​

$

247

​

Noncurrent operating lease liabilities

​

Operating lease liabilities

​

​

619

​

Total operating lease liabilities

​

​

​

$

866

​

​

​

​

​

​

​

​

Finance leases:

​

​

​

​

​

​

Property and equipment, at cost

​

Property, plant and equipment

​

$

235

​

Accumulated amortization

​

Property, plant and equipment (accumulated depreciation)

​

​

(95)

​

Property and equipment, net

​

​

​

$

140

​

​

​

​

​

​

​

​

Current obligations of finance leases

​

Other current liabilities

​

$

16

​

Finance leases, net of current obligations

​

Other liabilities

​

​

121

​

Total finance lease liabilities

​

​

​

$

137

​

​

​

​

​

​

​

​

Weighted average remaining lease term (in years):

​

​

​

​

​

​

Operating leases

​

​

​

​

5.9

​

Finance leases

​

​

​

​

9.3

​

Weighted average discount rate:

​

​

​

​

​

​

Operating leases

​

​

​

​

3.2

%

Finance leases

​

​

​

​

3.8

%

Schedule of supplemental cash flow and other information

​

​

​

​

​

​

​

    

Six months ended 

​

(Millions)

​

June 30, 2019

​

Cash paid for amounts included in the measurement of lease liabilities:

​

​

​

​

Operating cash flows from operating leases

​

$

155

​

Operating cash flows from finance leases

​

​

1

​

Financing cash flows from finance leases

​

​

7

​

​

​

​

​

​

Right of use assets obtained in exchange for lease liabilities:

​

​

​

​

Operating leases

​

​

229

​

Finance leases

​

​

54

​

Schedule of maturities of operating lease liabilities

​

​

​

​

​

​

​

​

​

​

    

June 30, 2019

​

(Millions)

​

Finance Leases

​

Operating Leases

​

Remainder of 2019

​

$

13

​

$

147

​

2020

​

​

20

​

​

232

​

2021

​

​

16

​

​

158

​

2022

​

​

15

​

​

120

​

2023

​

​

15

​

​

84

​

After 2023

​

​

65

​

​

221

​

Total

​

$

144

​

$

962

​

Less: Amounts representing interest

​

​

(7)

​

​

(96)

​

Present value of future minimum lease payments

​

​

137

​

​

866

​

Less: Current obligations

​

​

16

​

​

247

​

Long-term obligations

​

$

121

​

$

619

​

Schedule of maturities of finance lease liabilities

​

​

​

​

​

​

​

​

​

​

    

June 30, 2019

​

(Millions)

​

Finance Leases

​

Operating Leases

​

Remainder of 2019

​

$

13

​

$

147

​

2020

​

​

20

​

​

232

​

2021

​

​

16

​

​

158

​

2022

​

​

15

​

​

120

​

2023

​

​

15

​

​

84

​

After 2023

​

​

65

​

​

221

​

Total

​

$

144

​

$

962

​

Less: Amounts representing interest

​

​

(7)

​

​

(96)

​

Present value of future minimum lease payments

​

​

137

​

​

866

​

Less: Current obligations

​

​

16

​

​

247

​

Long-term obligations

​

$

121

​

$

619

​

​

Minimum lease payments under capital and operating leases with non-cancelable terms in excess of one year

Minimum lease payments under capital and operating leases with non-cancelable terms in excess of one year as of December 31, 2018, were as follows:

​

​

​

​

​

​

​

​

​

    

    

​

    

Operating

 

(Millions)

​

Capital Leases

​

Leases

 

2019

​

$

18

​

$

283

​

2020

​

 

16

​

 

208

​

2021

​

 

14

​

 

153

​

2022

​

 

12

​

 

122

​

2023

​

 

12

​

 

92

​

After 2023

​

 

32

​

 

253

​

Total

​

$

104

​

$

1,111

​

Less: Amounts representing interest

​

 

12

​

​

​

​

Present value of future minimum lease payments

​

 

92

​

​

​

​

Less: Current obligations under capital leases

​

 

17

​

​

​

​

Long-term obligations under capital leases

​

$

75

​

​

​

​

​