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LEASES (Tables)

9 Months Ended

Sep. 30, 2019

The following table presents other information related to leases for the nine months ended September 30, 2019 (in millions):



	Nine Months Ended September 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	25
Operating cash flows from finance leases	3
Financing cash flows from finance leases	3
Leased assets obtained in exchange for new lease liabilities	10

The following table presents lease expense we have recorded on our consolidated statements of operations for the three and nine months ended September 30, 2019 (in millions):



	Three Months Ended September 30, 2019		Nine Months Ended September 30, 2019
Finance lease expense:
Amortization of finance lease asset	$	1	$	2
Interest on lease liabilities	1		3
Total finance lease expense	2		5
Operating lease expense (a)	12		32
Total lease expense	$	14	$	37


(a)	Includes variable and short-term lease expense of $1 million and $0.4 million, respectively, for the three months ended September 30, 2019 and $4 million and $1 million, respectively, for the nine months ended September 30, 2019.

Maturity of Operating Leases

The following table summarizes our outstanding operating and finance lease obligations as of September 30, 2019 (in millions):



	Operating Leases			Finance Leases			Total
2019 (remainder)	$	13		$	2		$	15
2020	49			8			57
2021	41			8			49
2022	31			7			38
2023	28			7			35
2024 and thereafter	173			21			194
Total undiscounted obligations	335			53			388
Less imputed interest	(84		)	(14		)	(98		)
Present value of lease obligations	$	251		$	39		$	290

Maturity of Finance Leases

The following table summarizes our outstanding operating and finance lease obligations as of September 30, 2019 (in millions):



	Operating Leases			Finance Leases			Total
2019 (remainder)	$	13		$	2		$	15
2020	49			8			57
2021	41			8			49
2022	31			7			38
2023	28			7			35
2024 and thereafter	173			21			194
Total undiscounted obligations	335			53			388
Less imputed interest	(84		)	(14		)	(98		)
Present value of lease obligations	$	251		$	39		$	290

Future minimum payments under operating leases

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



2019	$	32
2020	31
2021	30
2022	27
2023	24
2024 and thereafter	158
Total	$	302

Supplemental Balance Sheet Information

The following table summarizes supplemental balance sheet information related to leases as of September 30, 2019 (in millions, except lease term and discount rate):



	Operating Leases			Finance Leases
Lease assets, non-current	$	222		$	16		(a)

Lease liabilities, current	$	38		$	5
Lease liabilities, non-current	213			34
Total lease liabilities	$	251		$	39

Weighted average remaining lease term (in years)	9.63			7.37
Weighted average discount rate	5.6		%	9.0		%


(a)	Finance lease assets are reflected in property and equipment, net on our consolidated balance sheets.