LEASES (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Assets and Liabilities, Leases

Balance Sheet Classification of Operating Lease Assets and Liabilities

	Balance Sheet Line Item	December 31, 2019
		(in millions)
Assets
Operating lease assets	Other Assets	$	324
Liabilities
Operating lease liabilities	Other Liabilities	$	415

Lease, Cost

The table below summarizes the components of lease costs for the year ended December 31, 2019.

Lease Costs

	Year Ended December 31, 2019
	(in millions)
Operating lease cost	$	77
Variable operating lease cost	10
Sublease income	(16		)
Short-term lease expense	2
Net lease cost	$	72

Weighted Averages - Remaining Operating Lease Term and Discount Rate

	December 31, 2019
Weighted-average remaining operating lease term	6 years
Weighted-average discount rate for operating leases	3.10	%

Supplemental cash flow information related to leases was as follows:

Lease Liabilities Information

	Year Ended December 31, 2019
	(in millions)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	87
Non-cash transactions:
Leased assets obtained in exchange for new operating lease liabilities	$	50

Lessee, Operating Lease, Liability, Maturity

Maturities of lease liabilities as of December 31, 2019 are as follows:

Maturities of Lease Liabilities

	December 31, 2019
	(in millions)
Operating Leases:
2020	$	95
2021	93
2022	90
2023	81
2024	23
Thereafter	71
Total lease payments	453
Less: Interest	(38		)
Present value of lease liabilities	$	415

Schedule of Future Minimum Rental Payments for Operating Leases

The following table presents the Company’s future minimum lease obligation under ASC 840 as of December 31, 2018:

	December 31, 2018
Calendar Year	(in millions)
2019	$	81
2020	$	74
2021	$	69
2022	$	67
2023	$	63
Thereafter	$	66