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Leases (Tables)
3 Months Ended
Mar. 31, 2019
Leases  
Schedule of components of lease expense

 

 

 

 

Three Months Ended

($ in millions)

March 31, 2019

 

 

 

Operating lease expense

$

(17)

Variable lease expense

 

(2)

Sublease income

 

 1

Net lease expense

$

(18)

 

Schedule of supplemental cash flow information related to leases

 

 

 

 

Three Months Ended

($ in millions)

March 31, 2019

 

 

 

Cash paid for amounts included in the measurements of lease liabilities - Operating cash flows from operating leases

$

(16)

ROU assets obtained in exchange for operating lease obligations

 

10

 

Schedule of supplemental balance sheet information related to leases

 

 

 

 

($ in millions)

Balance Sheet Location

March 31, 2019

 

 

 

 

Operating lease ROU asset

Other assets

$

236

Current operating lease liabilities

Other current liabilities

 

54

Noncurrent operating lease liabilities

Other liabilities

 

181

 

Schedule of weighted average remaining lease term and weighted average discount rate of operating leases

 

 

 

 

March 31, 2019

 

 

 

Weighted average remaining lease term in years

9.7

 

Weighted average discount rate

4.4

%

 

Schedule of the maturities of lease liabilities

 

 

 

($ in millions)

Operating Leases

 

 

 

2019 (excluding the three months ended March 31, 2019)

$

47

2020

 

51

2021

 

42

2022

 

36

2023

 

27

Thereafter

 

89

Future value of lease liabilities

 

292

Less: Imputed interest

 

(57)

Present value of lease liabilities

$

235

 

Schedule of noncancelable operating leases

 

 

 

($ in millions)

 

 

 

 

2019

$

66

2020

 

52

2021

 

41

2022

 

34

2023

 

25

Thereafter

 

87

Total future lease payments

$

305