v3.20.2
Leases (Tables)
 6 Months Ended
Jun. 30, 2020
Leases [Abstract]  
Components of Lease Expense
The components of lease expense were as follows:
Three Months Ended June 30,Six Months Ended June 30,
(in millions)2020201920202019
Operating lease expense$1,139  $634  $1,823  $1,236  
Financing lease expense:
Amortization of right-of-use assets180  117  325  230  
Interest on lease liabilities20  20  40  40  
Total financing lease expense200  137  365  270  
Variable lease expense71  58  133  123  
Total lease expense$1,410  $829  $2,321  $1,629  
Schedule of Information Relating to Lease Term and Discount Rate
Information relating to the lease term and discount rate is as follows:
June 30, 2020
Weighted Average Remaining Lease Term (Years)
Operating leases6
Financing leases3
Weighted Average Discount Rate
Operating leases4.0 %
Financing leases3.5 %
Maturity Schedule of Operating Lease Liabilities Maturities of lease liabilities as of June 30, 2020, were as follows:
(in millions)Operating LeasesFinance Leases
Twelve Months Ending June 30,
2021$4,771  $1,094  
20224,104  805  
20233,363  445  
20242,782  92  
20252,249  63  
Thereafter5,021  85  
Total lease payments22,290  2,584  
Less imputed interest2,639  128  
Total$19,651  $2,456  
Maturity Schedule of Finance Lease Liabilities Maturities of lease liabilities as of June 30, 2020, were as follows:
(in millions)Operating LeasesFinance Leases
Twelve Months Ending June 30,
2021$4,771  $1,094  
20224,104  805  
20233,363  445  
20242,782  92  
20252,249  63  
Thereafter5,021  85  
Total lease payments22,290  2,584  
Less imputed interest2,639  128  
Total$19,651  $2,456  
Schedule of Leased Wireless Devices
The components of leased wireless devices under our Leasing Programs were as follows:
(in millions)Average Remaining Useful LifeJune 30, 2020December 31, 2019
Leased wireless devices, gross
12 months
$7,605  $1,139  
Accumulated depreciation(984) (407) 
Leased wireless devices, net$6,621  $732  
Schedule of Future Minimum Payments Expected to be Received
Future minimum payments expected to be received over the lease term related to leased wireless devices, which exclude optional residual buy-out amounts at the end of the lease term, are summarized below:
(in millions)Total
Twelve Months Ending June 30,
2021$2,848  
2022297  
Total$3,145