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Leases, Codification Topic 842 (Tables)

12 Months Ended

Dec. 31, 2019

Dec. 31, 2018

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


	December 31, 2019
Aircraft	$	1,049
CPA Aircraft	596
Airport and terminal facilities	18
Corporate real estate and other	48
Total Operating lease assets	$	1,711

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


	Classification	2019
Expense
Aircraft	Aircraft rent	$	246
CPA Aircraft	Aircraft rent	79
Airport and terminal facilities	Landing fees and other rentals	324
Corporate real estate and other	Landing fees and other rentals	19
Total lease expense		$	668
Revenue
Lease income	Cargo and other revenues	(13)
Net lease impact		$	655

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


	Aircraft		CPA Aircraft		Airport and Terminal Facilities		Corporate Real Estate and Other
2020	$	245	$	79	$	3	$	8
2021	216		79		2		6
2022	190		79		2		5
2023	133		79		2		5
2024	81		79		2		5
Thereafter	331		329		11		74
Total Lease Payments	$	1,196	$	724	$	22	$	103
Less: Imputed interest	(151)		(128)		(4)		(54)
Total	$	1,045	$	596	$	18	$	49

Future minimum lease payments under noncancelable operating leases were as follows as of December 31, 2018 (in millions):

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


	Weighted Average IBR		Weighted Average Remaining Lease term
Aircraft	4.0	%	7.0
CPA Aircraft	4.3	%	9.2
Airports and terminal facilities	4.1	%	10.0
Corporate real estate and other	4.2	%	34.9