Leases (Tables)

12 Months Ended

Dec. 31, 2019

Leases

Schedule of components of lease expense

	Year ended
(Millions)	December 31, 2019
Operating lease cost	$	308
Finance lease cost:
Amortization of assets		20
Interest on lease liabilities		2
Variable lease cost		93
Total net lease cost	$	423

Schedule of supplemental balance sheet information

	Location on Face of		As of:
(Millions unless noted)	Balance Sheet	December 31, 2019
Operating leases:
Operating lease right of use assets	Operating lease right of use assets	$	858
Current operating lease liabilities	Operating lease liabilities – current	$	247
Noncurrent operating lease liabilities	Operating lease liabilities		607
Total operating lease liabilities		$	854
Finance leases:
Property and equipment, at cost	Property, plant and equipment	$	239
Accumulated amortization	Property, plant and equipment (accumulated depreciation)		(102)
Property and equipment, net		$	137
Current obligations of finance leases	Other current liabilities	$	21
Finance leases, net of current obligations	Other liabilities		111
Total finance lease liabilities		$	132
Weighted average remaining lease term (in years):
Operating leases			5.7
Finance leases			9.0
Weighted average discount rate:
Operating leases			3.2	%
Finance leases			3.8	%

Schedule of supplemental cash flow and other information

	Year ended
(Millions)	December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	309
Operating cash flows from finance leases		2
Financing cash flows from finance leases		18
Right of use assets obtained in exchange for lease liabilities:
Operating leases		326
Finance leases		61

Schedule of maturities of operating lease liabilities

	December 31, 2019
(Millions)	Finance Leases		Operating Leases
2020	$	21	$	267
2021		17		191
2022		16		138
2023		15		97
2024		14		65
After 2024		55		173
Total	$	138	$	931
Less: Amounts representing interest		6		77
Present value of future minimum lease payments		132		854
Less: Current obligations		21		247
Long-term obligations	$	111	$	607

Schedule of maturities of finance lease liabilities

	December 31, 2019
(Millions)	Finance Leases		Operating Leases
2020	$	21	$	267
2021		17		191
2022		16		138
2023		15		97
2024		14		65
After 2024		55		173
Total	$	138	$	931
Less: Amounts representing interest		6		77
Present value of future minimum lease payments		132		854
Less: Current obligations		21		247
Long-term obligations	$	111	$	607

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

			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