Leasing (Tables)

3 Months Ended

Mar. 31, 2020

Leases [Abstract]

Schedule of Lease Balances

The following table presents our lease balances as of March 31, 2020 and December 31, 2019:

In millions	Location in the Condensed Consolidated Balance Sheet	March 31, 2020			December 31, 2019
Assets
Operating lease assets	Operating lease assets	$	362		$	391
Finance lease assets	Property, plant and equipment, net	47			38
Accumulated Amortization of Finance lease assets	Property, plant and equipment, net	(8		)	(5		)
Total leased assets		$	401		$	424
Liabilities
Current
Operating lease liabilities	Other current liabilities	$	88		$	91
Finance lease liabilities	Other current liabilities	13			10
Noncurrent
Operating lease liabilities	Operating lease liabilities	346			369
Finance lease liabilities	Other liabilities	28			25
Total lease liabilities		$	475		$	495

Schedule of Lease Costs, Supplemental Cash Flow Information, Lease Term and Interest Rate

The following table presents our lease costs for operating and finance leases:

In millions	Three months ended March 31
	2020		2019
Operating lease cost	$	32	$	35
Finance lease cost
Amortization of leased assets	3		—
Interest on lease liabilities	—		—
Short-Term lease cost	1		2
Variable lease cost	7		9
Total lease cost	$	43	$	46

The following table presents the supplemental cash flow information:

In millions	Three months ended March 31
	2020			2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	30		$	32
Operating cash flows from finance leases	$	—		$	—
Financing cash flows from finance leases	$	3		$	—
Lease Assets Obtained in Exchange for Lease Obligations
Operating Leases	$	(2	)	$	12
Finance Leases	$	8		$	1

The following table presents the weighted average remaining lease term and interest rates:

	March 31, 2020		December 31, 2019
Weighted average lease term:
Operating leases	9.1 years		8.9 years
Finance leases	3.2 years		3.4 years
Weighted average interest rates:
Operating leases	6.39	%	6.42	%
Finance leases	4.15	%	3.72	%

Schedule of Reconciliation of Undiscounted Cash Flows of Operating Lease Liabilities

The following table reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the finance lease liabilities and operating lease liabilities recorded on the Condensed Consolidated Balance Sheet as of March 31, 2020:

In millions	Operating Leases			Finance Leases
Remainder of 2020	$	88		$	10
2021	86			14
2022	64			13
2023	44			6
2024	38			—
Thereafter	272			—
Total lease payments	592			43
Less: Amount representing interest	(158		)	(2		)
Present value of lease liabilities	$	434		$	41

Schedule of Reconciliation of Undiscounted Cash Flows of Finance Lease Liabilities

The following table reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the finance lease liabilities and operating lease liabilities recorded on the Condensed Consolidated Balance Sheet as of March 31, 2020:

In millions	Operating Leases			Finance Leases
Remainder of 2020	$	88		$	10
2021	86			14
2022	64			13
2023	44			6
2024	38			—
Thereafter	272			—
Total lease payments	592			43
Less: Amount representing interest	(158		)	(2		)
Present value of lease liabilities	$	434		$	41