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LEASES (Tables)

12 Months Ended

Dec. 31, 2019

Composition of Lease Expense and Supplemental Cash Flows

The following table details the composition of lease expense at year-end 2019:



($ in millions)	2019
Operating lease cost	$	185
Variable lease cost	113

The following table presents supplemental cash flow information for 2019:



($ in millions)	2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows for operating leases	$	176
Operating cash outflows for finance leases	7
Financing cash outflows for finance leases	6
Lease assets obtained in exchange for lease obligations:
Operating leases	89

Maturities of Finance Lease Liabilities

The following table presents our future minimum lease payments at year-end 2019:



($ in millions)	Operating Leases		Finance Leases
2020	$	173	$	13
2021	171		13
2022	165		13
2023	115		13
2024	107		14
Thereafter	579		151
Total minimum lease payments	$	1,310	$	217
Less: Amount representing interest	298		60
Present value of minimum lease payments	$	1,012	$	157

Current ⁽¹⁾	130		6
Noncurrent ⁽²⁾	882		151
	$	1,012	$	157


⁽¹⁾	Operating leases are recorded in the “Accrued expenses and other” and finance leases are recorded in the “Current portion of long-term debt” captions of our Balance Sheets.

⁽²⁾

Operating leases are recorded in the “Operating lease liabilities” and finance leases are recorded in the “Long-term debt” captions of our Balance Sheets.

Maturities of Operating Lease Liabilities

The following table presents our future minimum lease payments at year-end 2019:



($ in millions)	Operating Leases		Finance Leases
2020	$	173	$	13
2021	171		13
2022	165		13
2023	115		13
2024	107		14
Thereafter	579		151
Total minimum lease payments	$	1,310	$	217
Less: Amount representing interest	298		60
Present value of minimum lease payments	$	1,012	$	157

Current ⁽¹⁾	130		6
Noncurrent ⁽²⁾	882		151
	$	1,012	$	157


⁽¹⁾	Operating leases are recorded in the “Accrued expenses and other” and finance leases are recorded in the “Current portion of long-term debt” captions of our Balance Sheets.

⁽²⁾

Operating leases are recorded in the “Operating lease liabilities” and finance leases are recorded in the “Long-term debt” captions of our Balance Sheets.

Lease Terms and Discount Rate

The following table presents additional information about our lease obligations at year-end 2019:

Operating leases

Finance leases

Weighted Average Remaining Lease Term (in years)

Weighted Average Discount Rate