XML 39 R19.htm IDEA: XBRL DOCUMENT v3.3.1.900
Leases
12 Months Ended
Dec. 31, 2015
Leases [Abstract]  
Leases Disclosure

 

 

10. LEASES

 

The Company leases hospitals, medical office buildings, and certain equipment under capital and operating lease agreements. During 2015, 2014 and 2013, the Company entered into capital lease obligations of $50 million, $18 million and $4 million, respectively. All lease agreements generally require the Company to pay maintenance, repairs, property taxes and insurance costs.

 

Commitments relating to noncancellable operating and capital leases for each of the next five years and thereafter are as follows (in millions):

 

        

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

Operating (1)

 

Capital

 

 

 

 

 

 

 

2016

 

$

288 

 

$

48 

2017

 

 

225 

 

 

34 

2018

 

 

162 

 

 

23 

2019

 

 

117 

 

 

19 

2020

 

 

88 

 

 

15 

Thereafter

 

 

222 

 

 

245 

Total minimum future payments

 

$

1,102 

 

 

384 

Less:  Imputed interest

 

 

 

 

 

(157)

Total capital lease obligations

 

 

 

 

 

227 

Less:  Current portion

 

 

 

 

 

(42)

Long-term capital lease obligations

 

 

 

 

$

185 

 

 

 

 

 

 

 

 

(1)

Minimum lease payments have not been reduced by minimum sublease rentals due in the future of $26 million.

 

Assets capitalized under capital leases as reflected in the accompanying consolidated balance sheets were $74 million of land and improvements, $793 million of buildings and improvements and $112 million of equipment and fixtures as of December 31, 2015 and $77 million of land and improvements, $623 million of buildings and improvements and $125 million of equipment and fixtures as of December 31, 2014. The accumulated depreciation related to assets under capital leases was $246 million and $196 million as of December 31, 2015 and 2014, respectively. Depreciation of assets under capital leases is included in depreciation and amortization expense and amortization of debt discounts on capital lease obligations is included in interest expense in the accompanying consolidated statements of income.