XML 58 R34.htm IDEA: XBRL DOCUMENT v3.20.4
Leases and Capacity Purchase Agreements (Tables)
 12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Components of Lease Cost The Company's lease cost for the years ended December 31 included the following components (in millions):
202020192018
Operating lease cost$933 $1,038 $1,213 
Variable and short-term lease cost1,968 2,548 2,569 
Amortization of finance lease assets88 68 75 
Interest on finance lease liabilities16 85 44 
Sublease income(23)(32)(38)
Total lease cost$2,982 $3,707 $3,863 
Summary of Scheduled Future Minimum Lease Payments under Operating Leases
The table below summarizes the Company's scheduled future minimum lease payments under operating and finance leases, recorded on the balance sheet, as of December 31, 2020 (in millions):
Operating LeasesFinance Leases
2021$847 $198 
2022693 59 
2023723 51 
2024704 47 
2025585 35 
After 20253,979 64 
Minimum lease payments7,531 454 
Imputed interest(1,933)(48)
Present value of minimum lease payments5,598 406 
Less: current maturities of lease obligations(612)(182)
Long-term lease obligations$4,986 $224 
Summary of Scheduled Future Minimum Lease Payments under Finance Leases
The table below summarizes the Company's scheduled future minimum lease payments under operating and finance leases, recorded on the balance sheet, as of December 31, 2020 (in millions):
Operating LeasesFinance Leases
2021$847 $198 
2022693 59 
2023723 51 
2024704 47 
2025585 35 
After 20253,979 64 
Minimum lease payments7,531 454 
Imputed interest(1,933)(48)
Present value of minimum lease payments5,598 406 
Less: current maturities of lease obligations(612)(182)
Long-term lease obligations$4,986 $224 
Additional Information Related to Leases The table below presents additional information related to our leases as of December 31:
20202019
Weighted-average remaining lease term - operating leases11 years11 years
Weighted-average remaining lease term - finance leases4 years6 years
Weighted-average discount rate - operating leases5.1 %5.2 %
Weighted-average discount rate - finance leases4.4 %5.7 %
Supplemental Cash Flow Information Related to Leases
The table below presents supplemental cash flow information related to leases during the year ended December 31 (in millions):
202020192018
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases$788 $902 $1,078 
Operating cash flows for finance leases20 70 53 
Financing cash flows for finance leases66 151 79 
Future Lease Payment Under Terms of Capacity Purchase Agreement Based on these assumptions as of December 31, 2020, our future payments through the end of the terms of our CPAs are presented in the table below (in billions):
2021$1.8 
20221.8 
20231.7 
20241.5 
20251.2 
After 20253.1 
$11.1