Leases (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of Operating and Financing Leases Presented in Balance Sheets

The balances for the operating and finance leases where we are the lessee are presented as follows (in millions) within our consolidated balance sheet:

	December 31, 2019
Operating leases:
Operating lease right-of-use assets	$	1,218

Accrued liabilities and other	$	228
Other long-term liabilities		956
Total operating lease liabilities	$	1,184

Finance leases:
Solar energy systems, net	$	30
Property, plant and equipment, net		1,600
Total finance lease assets	$	1,630

Current portion of long-term debt and finance leases	$	386
Long-term debt and finance leases, net of current portion		1,232
Total finance lease liabilities	$	1,618

Schedule of Components of Lease Expense and Other Information Related to Leases

The components of lease expense are as follows (in millions) within our consolidated statements of operations:

	Year Ended
	December 31, 2019
Operating lease expense:
Operating lease expense (1)	$	426

Finance lease expense:
Amortization of leased assets	$	299
Interest on lease liabilities		104
Total finance lease expense	$	403

Total lease expense	$	829

(1)	Includes short-term leases and variable lease costs, which are immaterial.

Other information related to leases where we are the lessee is as follows:

	December 31, 2019
Weighted-average remaining lease term:
Operating leases	6.2 years
Finance leases	3.9 years

Weighted-average discount rate:
Operating leases		6.5	%
Finance leases		6.5	%

Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases where we are the lessee is as follows (in millions):

	Year Ended
	December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$	396
Operating cash outflows from finance leases (interest payments)	$	104
Financing cash outflows from finance leases	$	321
Leased assets obtained in exchange for finance lease liabilities	$	616
Leased assets obtained in exchange for operating lease liabilities	$	202

Schedule of Maturities of Operating and Finance Lease Liabilities

As of December 31, 2019, the maturities of our operating and finance lease liabilities (excluding short-term leases) are as follows (in millions):

	Operating		Finance
	Leases		Leases
2020	$	296	$	474
2021		262		478
2022		210		600
2023		174		224
2024		146		5
Thereafter		372		13
Total minimum lease payments		1,460		1,794
Less: Interest		276		176
Present value of lease obligations		1,184		1,618
Less: Current portion		228		386
Long-term portion of lease obligations	$	956	$	1,232

Future Minimum Lease Payments Under Non-Cancellable Leases

Under legacy lease accounting (ASC 840), future minimum lease payments under non-cancellable leases as of December 31, 2018 are as follows (in millions):

	Operating		Finance
	Leases		Leases
2019	$	276	$	417
2020		257		503
2021		230		506
2022		183		24
2023		158		5
Thereafter		524		6
Total minimum lease payments	$	1,628		1,461
Less: Interest				122
Present value of lease obligations				1,339
Less: Current portion				346
Long-term portion of lease obligations			$	993

Maturities of Operating Lease Receivables from Customers

As of December 31, 2019, maturities of our operating lease receivables from customers for each of the next five years and thereafter were as follows (in millions):

2020	$	644
2021		494
2022		317
2023		190
2024		191
Thereafter		2,294
Total	$	4,130

Future Minimum Lease Payments to be Received from Customers under Non-cancellable Operating Leases ASC 840

Under legacy lease accounting (ASC 840), future minimum lease payments to be received from customers under non-cancellable leases as of December 31, 2018 are as follows (in millions):

2019	$	502
2020		418
2021		271
2022		187
2023		189
Thereafter		2,469
Total	$	4,036