Leases (Tables)

3 Months Ended

Mar. 31, 2019

The following tables present our operating lease portfolio and related lease costs as of and for the three months ended March 31, 2019.

Table 2.1 Operating Lease Portfolio



(Dollars in millions)	March 31, 2019
Right-of-use assets	$	1,547
Lease liabilities	1,836
Weighted average remaining lease term	9.2 years
Weighted average discount rate	3.3		%

Table 2.2 Total Operating Lease Expense and Other Information



(Dollars in millions)	Three Months Ended March 31, 2019
Operating lease cost	$	65
Variable lease cost	11
Total lease cost	76
Sublease income	(6		)
Net lease cost	$	70
Cash paid for amounts included in the measurement of lease liabilities	$	82
Right-of-use assets obtained in exchange for lease liabilities	15
Right-of-use assets recognized upon adoption of new lease standard	1,601

Schedule of Future Minimum Lease Payments

The following table presents a maturity analysis of our operating leases and a reconciliation of the undiscounted cash flows to our lease liabilities as of March 31, 2019.

Table 2.3 Maturities of Operating Leases and Reconciliation to Lease Liabilities



(Dollars in millions)	March 31, 2019
2019	$	230
2020	296
2021	266
2022	240
2023	211
Thereafter	928
Total undiscounted lease payments	2,171
Less: Imputed interest	(335		)
Total lease liabilities	$	1,836