Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.20.4
Leases (Tables)
12 Months Ended
Dec. 31, 2020
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]  
Summary of components of lease expense

Years ended December 31,

2020

2019

in millions

Finance lease cost

Depreciation of leased assets

$

35

37

Interest on lease liabilities

6

6

Total finance lease cost

41

43

Operating lease cost

93

89

Sublease income

(2)

(3)

Total lease cost

$

132

129

Schedule of remaining weighted-average lease term and weighted-average discount rate

2020

2019

Weighted-average remaining lease term (years):

Finance leases

28.3

29.7

Operating leases

9.2

9.2

Weighted-average discount rate:

Finance leases

4.6%

4.6%

Operating leases

5.2%

5.2%

Schedule of balance sheet and other information of our leases

December 31,

2020

2019

in millions

Operating leases:

Operating lease right-of-use assets (1)

$

465

510

Current operating lease liabilities (2)

$

54

53

Operating lease liabilities (3)

453

495

Total operating lease liabilities

$

507

548

Finance Leases:

Property and equipment, at cost

$

477

473

Accumulated depreciation

(118)

(89)

Property and equipment, net

$

359

384

Current finance lease liabilities (2)

$

6

4

Finance lease liabilities (3)

116

119

Total finance lease liabilities

$

122

123

(1) Included in Other assets in the consolidated balance sheet
(2) Included in Other current liabilities in the consolidated balance sheet
(3) Included in Other liabilities in the consolidated balance sheet

Schedule of cash flow information related to our leases

Years ended December 31,

2020

2019

in millions

Cash paid for amounts included in the measurement of lease liabilities:

Operating cash flows from operating leases

$

87

79

Financing cash flows from finance leases

$

6

8

Right-of-use assets obtained in exchange for lease obligations:

Operating leases

$

8

83

Summary of maturities of our operating leases

Finance leases

Operating leases

in millions

2021

$

11

78

2022

11

80

2023

9

75

2024

9

66

2025

9

66

Thereafter

153

272

Total lease payments

202

637

Less: implied interest

80

130

Present value of lease liabilities

$

122

507

Summary of maturities of our finance leases

Finance leases

Operating leases

in millions

2021

$

11

78

2022

11

80

2023

9

75

2024

9

66

2025

9

66

Thereafter

153

272

Total lease payments

202

637

Less: implied interest

80

130

Present value of lease liabilities

$

122

507