v3.19.3.a.u2
Leases (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Components of Lease Expense and Supplemental Cash Flow Information
The components of lease expense were as follows (in millions):
 
 
Year Ended December 31, 2019
Lease cost
 
 
Finance lease cost:
 
 
      Amortization of assets
 
$
150

      Interest of lease liabilities
 
15

Operating lease cost
 
321

Short-term lease cost
 
28

Variable lease cost
 
100

Sublease income
 
(2
)
Total lease cost
 
$
612

Supplemental cash flow information related to leases was as follows (in millions):
 
 
Year Ended December 31, 2019
Other information
 
 
Cash paid for amounts included in the measurement of lease liabilities:
 
 
Operating cash flows from financing leases
 
$
12

Operating cash flows from operating leases
 
275

Financing cash flows from financing leases
 
138

Right-of-use assets obtained in exchange for lease obligations:
 
 
Operating lease liabilities
 
$
918

Finance lease liabilities
 
251


Supplemental Balance Sheet Information
Supplemental balance sheet information related to leases was as follows (in millions, except lease term and discount rate):
 
 
As of December 31, 2019
Operating Leases
 
 
Operating lease right-of-use assets
 
$
1,594

Operating lease liability, current
 
196

Operating lease liabilities, non-current
 
1,523

     Total operating lease liabilities
 
$
1,719

 
 
As of December 31, 2019
Finance Leases
 
 
Property and equipment, at cost
 
$
539

Accumulated depreciation
 
(247
)
     Property and equipment, net
 
$
292

Other current liabilities
 
$
165

Other long-term liabilities
 
143

     Total finance leases liabilities
 
$
308

 
 
As of December 31, 2019
Weighted-average remaining lease term
 
 
     Operating leases
 
16 years

     Finance leases
 
2 years

Weighted-average discount rate
 
 
     Operating leases
 
7.1
%
     Finance leases
 
5.0
%

Maturity of Lease Liabilities, Operating
Maturities of lease liabilities were as follows (in millions):
 
 
As of December 31, 2019
 
 
Operating Leases
 
Finance Leases
2020
 
216

 
176

2021
 
248

 
115

2022
 
283

 
32

2023
 
244

 

2024
 
201

 

Thereafter
 
2,195

 

Total undiscounted lease payments
 
3,387

 
323

Less: imputed interest
 
(1,668
)
 
(15
)
Total lease liabilities
 
$
1,719

 
$
308


Maturity of Lease Liabilities, Finance
Maturities of lease liabilities were as follows (in millions):
 
 
As of December 31, 2019
 
 
Operating Leases
 
Finance Leases
2020
 
216

 
176

2021
 
248

 
115

2022
 
283

 
32

2023
 
244

 

2024
 
201

 

Thereafter
 
2,195

 

Total undiscounted lease payments
 
3,387

 
323

Less: imputed interest
 
(1,668
)
 
(15
)
Total lease liabilities
 
$
1,719

 
$
308


Future minimum payments related to the financing obligations as of December 31, 2019 are summarized below (in millions):
 
 
Future Minimum Payments
Fiscal Year Ending December 31,
 
 
2020
 
$
6

2021
 
6

2022
 
6

2023
 
6

2024
 
6

Thereafter
 
827

Total
 
$
857


Schedule of Future Minimum Rental Payments for Operating Leases
Prior to the adoption of ASC 842, future minimum payments for noncancellable operating leases as of December 31, 2018 were as follows (in millions):
 
 
Operating Leases
2019
 
$
263

2020
 
257

2021
 
224

2022
 
193

2023
 
163

Thereafter
 
1,928

Total
 
$
3,028