Leases (Tables)

9 Months Ended

Sep. 30, 2019

Operating Lease Costs and Supplemental Cash Flow Information

The following table summarizes the components of total operating lease costs, net and provides supplemental cash flow information related to leases:



	Three Months Ended September 30, 2019			Nine Months Ended September 30, 2019
	(in millions)
Operating lease cost	$	29		$	95
Variable lease cost	15			46
Short-term lease cost	5			11
Sublease income	(16		)	(44		)
Total operating lease costs, net	$	33		$	108

Supplemental disclosure of cash flow information:
Cash paid for amounts included in the measurement of operating lease liabilities	$	30		$	92
ROU assets recognized for new operating lease liabilities	72			82

Operating Lease ROU Assets and Liabilities

The following table presents information about our operating lease ROU assets and liabilities:



	September 30, 2019
	(dollars are in millions)
Operating lease ROU assets⁽¹⁾	$	730
Operating lease liabilities	781
Weighted-average remaining lease term	7.2 years
Weighted-average discount rate	3.1		%


⁽¹⁾	Reported net of level lease adjustments and exit cost obligations.

Maturity Analysis of Operating Lease Liabilities

The following table presents a maturity analysis of our operating lease liabilities at September 30, 2019:



Year Ending December 31,
	(in millions)
2019	$	25
2020	144
2021	144
2022	140
2023	138
Thereafter	361
Total future operating lease payments	952
Less - imputed interest	(171		)
Total operating lease liabilities	$	781

Schedule of Future Minimum Lease Commitments

Future net minimum lease commitments under noncancellable operating lease arrangements at December 31, 2018, which did not include renewals, were as follows:



Year Ending December 31,	Minimum Lease Payments		Minimum Sublease Income			Net
	(in millions)
2019	$	136	$	(58	)	$	78
2020	125		(2		)	123
2021	115		(1		)	114
2022	103		—			103
2023	91		—			91
Thereafter	182		(1		)	181
Net minimum lease commitments	$	752	$	(62	)	$	690