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LEASES (Tables)

3 Months Ended

Mar. 31, 2019

The impact of leases, including variable lease cost, on earnings for the three months ended March 31, 2019 was as follows (in millions):



	Classification	Three Months Ended March 31, 2019
Expense
Aircraft	Aircraft rent	61
CPA aircraft	Aircraft rent	20
Airport and terminal facilities	Landing fees and other rentals	85
Corporate real estate and other	Landing fees and other rentals	5
Total lease expense		$	171
Revenue
Lease income	Cargo and other revenues	(3		)
Net lease impact		$	168

The weighted average IBR and weighted average remaining lease term (in years) for all asset classes were as follows at March 31, 2019:



	Weighted Average IBR		Weighted Average Remaining Lease Term
Aircraft	4.2	%	6.7
CPA aircraft	4.3	%	10.0
Airports and terminal facilities	4.1	%	10.6
Corporate real estate and other	4.2	%	38.7

Supplemental cash flow information related to leases was as follows (in millions):



	Three Months Ended March 31, 2019
Cash paid for capitalized operating leases	$	88
Operating lease assets obtained in exchange for lease obligations	—

At March 31, 2019, the Operating lease assets balance by asset class was as follows (in millions):



	Operating lease assets
Aircraft	$	1,015
CPA aircraft	636
Airport and terminal facilities	19
Corporate real estate and other	45
Total Operating lease assets	$	1,715

Future minimum lease payments under non-cancellable leases as of March 31, 2019 (in millions):



	Aircraft			CPA Aircraft			Airport and Terminal Facilities			Corporate Real Estate & Other
Remainder of 2019	$	191		$	60		2			$	6
2020	228			79			3			7
2021	189			79			3			6
2022	164			79			2			3
2023	110			79			2			2
Thereafter	287			408			12			73
Total lease payments	$	1,169		$	784		$	24		$	97
Less: Imputed interest	(150		)	(148		)	(5		)	(53		)
Total operating lease liabilities	$	1,019		$	636		$	19		$	44