v3.20.4
Leases (Tables)
 12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Components of Lease Expense
The components of lease expense were as follows:
Year Ended December 31,
(in millions)20202019
Operating lease expense$4,438 $2,558 
Financing lease expense:
Amortization of right-of-use assets681 523 
Interest on lease liabilities81 82 
Total financing lease expense762 605 
Variable lease expense328 243 
Total lease expense$5,528 $3,406 
Schedule of Information Relating to Lease Term and Discount Rate
Information relating to the lease term and discount rate is as follows:
Year Ended December 31,
20202019
Weighted Average Remaining Lease Term (Years)
Operating leases106
Financing leases33
Weighted Average Discount Rate
Operating leases3.9 %4.8 %
Financing leases3.3 %4.0 %
Maturity Schedule of Operating Lease Liabilities
Maturities of lease liabilities as of December 31, 2020, were as follows:
(in millions)Operating LeasesFinance Leases
Twelve Months Ending December 31,
2021$4,903 $1,121 
20224,354 795 
20233,759 422 
20243,339 137 
20252,807 92 
Thereafter18,940 61 
Total lease payments38,102 2,628 
Less: imputed interest7,515 121 
Total$30,587 $2,507 
Maturity Schedule of Finance Lease Liabilities
Maturities of lease liabilities as of December 31, 2020, were as follows:
(in millions)Operating LeasesFinance Leases
Twelve Months Ending December 31,
2021$4,903 $1,121 
20224,354 795 
20233,759 422 
20243,339 137 
20252,807 92 
Thereafter18,940 61 
Total lease payments38,102 2,628 
Less: imputed interest7,515 121 
Total$30,587 $2,507 
Schedule of Leased Wireless Devices
The components of leased wireless devices under our Leasing Programs were as follows:
(in millions)Average Remaining Useful LifeDecember 31, 2020December 31, 2019
Leased wireless devices, gross
8 months
$6,989 $1,139 
Accumulated depreciation(2,170)(407)
Leased wireless devices, net$4,819 $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)Expected Payments
Twelve Months Ending December 31,
2021$1,687 
202292 
Total$1,779