Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.22.0.1
Leases (Tables)
12 Months Ended
Dec. 31, 2021
Summary of components of lease expense

Years ended December 31,

2021

2020

2019

amounts in millions

Finance lease cost

Depreciation of leased assets

$

35

35

37

Interest on lease liabilities

6

6

6

Total finance lease cost

41

41

43

Operating lease cost

89

93

89

Sublease income

(4)

(2)

(3)

Total lease cost

$

126

132

129

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

2021

2020

2019

Weighted-average remaining lease term (years):

Finance leases

27.7

28.3

29.7

Operating leases

8.4

9.2

9.2

Weighted-average discount rate:

Finance leases

4.7%

4.6%

4.6%

Operating leases

5.2%

5.2%

5.2%

Supplemental balance sheet information for leases

December 31,

2021

2020

amounts in millions

Operating leases:

Operating lease right-of-use assets (1)

$

403

465

Current operating lease liabilities (2)

$

54

54

Operating lease liabilities (3)

405

453

Total operating lease liabilities

$

459

507

Finance Leases:

Property and equipment, at cost

$

477

477

Accumulated depreciation

(150)

(118)

Property and equipment, net

$

327

359

Current finance lease liabilities (2)

$

5

6

Finance lease liabilities (3)

111

116

Total finance lease liabilities

$

116

122

(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,

2021

2020

amounts in millions

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

Operating cash flows for operating leases

$

89

87

Financing cash flows for finance leases

$

5

6

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

Operating leases

$

11

8

Summary of maturities of our operating leases

Finance leases

Operating leases

amounts in millions

2022

$

10

75

2023

9

77

2024

9

67

2025

9

65

2026

9

63

Thereafter

144

221

Total lease payments

190

568

Less: implied interest

74

109

Present value of lease liabilities

$

116

459

Summary of maturities of our finance leases

Finance leases

Operating leases

amounts in millions

2022

$

10

75

2023

9

77

2024

9

67

2025

9

65

2026

9

63

Thereafter

144

221

Total lease payments

190

568

Less: implied interest

74

109

Present value of lease liabilities

$

116

459