LEASES (Tables)

6 Months Ended

Jun. 30, 2019

The impact of leases, including variable lease cost, on earnings for the three and six months ended June 30, 2019 was as follows (in millions):



	Classification	Three Months Ended June 30, 2019			Six Months Ended June 30, 2019
Expense
Aircraft	Aircraft rent	$	62		$	123
CPA aircraft	Aircraft rent	20			40
Airport and terminal facilities	Landing fees and other rentals	62			146
Corporate real estate and other	Landing fees and other rentals	4			9
Total lease expense		$	148		$	318
Revenue
Lease income	Cargo and other revenues	(3		)	(6		)
Net lease impact		$	145		$	312

The weighted average IBR and weighted average remaining lease term (in years) for all asset classes were as follows at June 30, 2019:



	Weighted Average IBR		Weighted Average Remaining Lease Term
Aircraft	4.2	%	6.8
CPA aircraft	4.3	%	9.7
Airports and terminal facilities	4.1	%	10.4
Corporate real estate and other	4.4	%	37.7

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



	Six Months Ended June 30, 2019
Cash paid for capitalized operating leases	$	177
Operating lease assets obtained in exchange for lease obligations	47

At June 30, 2019, the Operating lease assets balance by asset class was as follows (in millions):



	Operating lease assets
Aircraft	$	1,012
CPA aircraft	622
Airport and terminal facilities	19
Corporate real estate and other	43
Total Operating lease assets	$	1,696

Future minimum lease payments under non-cancellable leases as of June 30, 2019 (in millions):



	Aircraft			CPA Aircraft			Airport and Terminal Facilities			Corporate Real Estate & Other
Remainder of 2019	$	128		$	40		1			$	5
2020	233			79			3			8
2021	194			79			3			6
2022	169			79			2			3
2023	115			79			2			2
Thereafter	324			408			12			74
Total lease payments	$	1,163		$	764		$	23		$	98
Less: Imputed interest	(151		)	(142		)	(4		)	(54		)
Total operating lease liabilities	$	1,012		$	622		$	19		$	44