Leasing (Tables)

9 Months Ended

Sep. 30, 2020

Leases [Abstract]

Schedule of Lease Balances

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

In millions	Location in the Condensed Consolidated Balance Sheet	September 30, 2020		December 31, 2019
Assets
Operating lease assets	Operating lease assets	$	347	$	391
Finance lease assets	Property, plant and equipment, net	55		38
Accumulated amortization of finance lease assets	Property, plant and equipment, net	(15)		(5)
Total leased assets		$	387	$	424
Liabilities
Current
Operating lease liabilities	Other current liabilities	$	82	$	91
Finance lease liabilities	Other current liabilities	15		10
Noncurrent
Operating lease liabilities	Operating lease liabilities	336		369
Finance lease liabilities	Other liabilities	27		25
Total lease liabilities		$	460	$	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 September 30, 2020		Nine months ended September 30, 2020
Operating lease cost	$	31	$	93
Finance lease cost
Amortization of leased assets	4		10
Interest on lease liabilities	—		1
Short-Term lease cost	2		4
Variable lease cost	4		20
Total lease cost	$	41	$	128

In millions	Three months ended September 30, 2019		Nine months ended September 30, 2019
Operating lease cost	$	32	$	101
Finance lease cost
Amortization of leased assets	2		3
Interest on lease liabilities	—		—
Short-Term lease cost	1		4
Variable lease cost	7		23
Total lease cost	$	42	$	131

The following tables present the supplemental cash flow information:

In millions	Three months ended September 30, 2020		Nine months ended September 30, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	32	$	93
Operating cash flows from finance leases	$	—	$	1
Financing cash flows from finance leases	$	3	$	9
Lease Assets Obtained in Exchange for Lease Obligations
Operating Leases	$	12	$	14
Finance Leases	$	1	$	16

In millions	Three months ended September 30, 2019		Nine months ended September 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	34	$	104
Operating cash flows from finance leases	$	—	$	—
Financing cash flows from finance leases	$	—	$	—
Lease Assets Obtained in Exchange for Lease Obligations
Operating Leases	$	9	$	29
Finance Leases	$	14	$	23

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

	September 30, 2020		December 31, 2019
Weighted average lease term:
Operating leases	8.9 years		8.9 years
Finance leases	2.9 years		3.4 years
Weighted average interest rates:
Operating leases	6.45	%	6.42	%
Finance leases	4.36	%	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 September 30, 2020:

In millions	Operating Leases		Finance Leases
Remainder of 2020	$	32	$	4
2021	95		16
2022	73		15
2023	50		9
2024	43		1
2025	35		—
Thereafter	239		—
Total lease payments	567		45
Less: Amount representing interest	(149)		(3)
Present value of lease liabilities	$	418	$	42

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 September 30, 2020:

In millions	Operating Leases		Finance Leases
Remainder of 2020	$	32	$	4
2021	95		16
2022	73		15
2023	50		9
2024	43		1
2025	35		—
Thereafter	239		—
Total lease payments	567		45
Less: Amount representing interest	(149)		(3)
Present value of lease liabilities	$	418	$	42