Leasing (Tables)

6 Months Ended

Jun. 30, 2020

Leases [Abstract]

Schedule of Lease Balances

The following table presents our lease balances as of June 30, 2020 and December 31, 2019:

In millions	Location in the Condensed Consolidated Balance Sheet	June 30, 2020		December 31, 2019
Assets
Operating lease assets	Operating lease assets	$	347	$	391
Finance lease assets	Property, plant and equipment, net	54		38
Accumulated Amortization of Finance lease assets	Property, plant and equipment, net	(12)		(5)
Total leased assets		$	389	$	424
Liabilities
Current
Operating lease liabilities	Other current liabilities	$	83	$	91
Finance lease liabilities	Other current liabilities	14		10
Noncurrent
Operating lease liabilities	Operating lease liabilities	334		369
Finance lease liabilities	Other liabilities	31		25
Total lease liabilities		$	462	$	495

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

The following tables present our lease costs for operating and finance leases:

In millions	Three months ended June 30, 2020		Six months ended June 30, 2020
Operating lease cost	$	30	$	62
Finance lease cost
Amortization of leased assets	3		6
Interest on lease liabilities	1		1
Short-Term lease cost	1		2
Variable lease cost	9		16
Total lease cost	$	44	$	87

In millions	For the three months ended June 30, 2019		For the six months ended June 30, 2019
Operating lease cost	$	34	$	69
Finance lease cost
Amortization of leased assets	1		1
Interest on lease liabilities	—		—
Short-Term lease cost	1		3
Variable lease cost	7		16
Total lease cost	$	43	$	89

The following tables present the supplemental cash flow information:

In millions	Three months ended June 30, 2020		Six months ended June 30, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	31	$	61
Operating cash flows from finance leases	$	1	$	1
Financing cash flows from finance leases	$	3	$	6
Lease Assets Obtained in Exchange for Lease Obligations
Operating Leases	$	4	$	2
Finance Leases	$	7	$	15

In millions	For the three months ended June 30, 2019		For the six months ended June 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	38	$	70
Operating cash flows from finance leases	$	—	$	—
Financing cash flows from finance leases	$	—	$	—
Lease Assets Obtained in Exchange for Lease Obligations
Operating Leases	$	8	$	20
Finance Leases	$	8	$	9

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

	June 30, 2020		December 31, 2019
Weighted average lease term:
Operating leases	9.1 years		8.9 years
Finance leases	3.1 years		3.4 years
Weighted average interest rates:
Operating leases	6.45	%	6.42	%
Finance leases	4.44	%	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 June 30, 2020:

In millions	Operating Leases		Finance Leases
Remainder of 2020	$	59	$	8
2021	89		16
2022	67		15
2023	45		8
2024	38		1
Thereafter	271		—
Total lease payments	569		48
Less: Amount representing interest	(152)		(3)
Present value of lease liabilities	$	417	$	45

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 June 30, 2020:

In millions	Operating Leases		Finance Leases
Remainder of 2020	$	59	$	8
2021	89		16
2022	67		15
2023	45		8
2024	38		1
Thereafter	271		—
Total lease payments	569		48
Less: Amount representing interest	(152)		(3)
Present value of lease liabilities	$	417	$	45