XML 325 R44.htm IDEA: XBRL DOCUMENT v3.19.1
Occupancy Expense and Information Systems and Communications Expense (Tables)
3 Months Ended
Mar. 31, 2019
Leases [Abstract]  
Summary of Lease Costs and Other Information The following table presents details related to remaining lease terms and discount rate for the quarter ended March 31, 2019:
 
Three Months Ended March 31, 2019
Weighted-average remaining lease term (in years):
     Finance leases
4.5

     Operating leases
7.8

Weighted-average discount rate:
     Finance leases
7
%
     Operating leases
3

The following table presents lease costs, sublease rental income, cash flows and new leases arising from lease transactions for the quarter ended March 31, 2019:
(In millions)
Three Months Ended March 31, 2019
Finance lease:
 
     Amortization of right-of-use assets
$
5

     Interest on lease liabilities
3

Total finance lease expense
8

     Sublease income
(2
)
Net finance lease expense
6

Operating lease:
 
     Operating lease expense
44

     Sublease income
(1
)
Net operating lease expense
43

Net lease expense
$
49

 
 
Cash paid for amounts included in the measurement of lease liabilities:
     Operating cash flows from finance leases
$
3

     Operating cash flows from operating leases
51

     Financing cash flows from finance leases
31

Right-of-use assets obtained in exchange for new lease obligations:
     Operating leases
$
29

     Finance leases
—

Schedule of Future MInimum Lease Payments, Operating Leases The following table presents future minimum lease payments under non-cancellable leases as of March 31, 2019:
(In millions)
Operating Leases
 
Finance Leases
 
Total
2019 (excluding the first quarter of 2019)
$
144

 
$
31

 
$
175

2020
185

 
42

 
227

2021
174

 
42

 
216

2022
151

 
42

 
193

2023
131

 
30

 
161

Thereafter
400

 
—

 
400

Total future minimum lease payments
1,185

 
187

 
1,372

Less imputed interest
(125
)
 
(27
)
 
(152
)
     Total
$
1,060

 
$
160

 
$
1,220

Schedule of Future MInimum Lease Payments, Finance Leases The following table presents future minimum lease payments under non-cancellable leases as of March 31, 2019:
(In millions)
Operating Leases
 
Finance Leases
 
Total
2019 (excluding the first quarter of 2019)
$
144

 
$
31

 
$
175

2020
185

 
42

 
227

2021
174

 
42

 
216

2022
151

 
42

 
193

2023
131

 
30

 
161

Thereafter
400

 
—

 
400

Total future minimum lease payments
1,185

 
187

 
1,372

Less imputed interest
(125
)
 
(27
)
 
(152
)
     Total
$
1,060

 
$
160

 
$
1,220