Property, Equipment and Right-of-Use Assets (Tables)

9 Months Ended

Sep. 30, 2019

Property, Plant and Equipment [Abstract]

Property. equipment and right-of-use assets

Property, equipment and right-of-use assets consisted of the following:

	September 30, 2019			December 31, 2018
	(in millions)
Building, building equipment and land	$	492		$	481
Equipment	1,155			987
Furniture and fixtures	87			85
Leasehold improvements	265			215
Operating lease right-of-use assets	513			—
Property, equipment and right-of-use assets	2,512			1,768
Less accumulated depreciation and amortization	(1,020		)	(847		)
Property, equipment and right-of-use assets, net	$	1,492		$	921

Schedule of Property, Equipment, Operating Lease Right-of-Use Assets and Operating Lease Liabilities

Operating lease ROU assets and operating lease liabilities are recorded on the consolidated balance sheet as follows:

	September 30, 2019
	(in millions)
Balance sheet location
Property, equipment and right-of-use assets, net	$	444
Other current liabilities	98
Other liabilities	386

Schedule of Maturities of Operating Lease Liabilities

The following table summarizes the maturity of the Company’s operating lease liabilities at September 30, 2019 based on lease term:

	Operating Leases
	(in millions)
Remainder of 2019	$	26
2020	99
2021	82
2022	76
2023	67
Thereafter	174
Total operating lease payments	524
Less: Interest	(40		)
Present value of operating lease liabilities	$	484

Future minimum payments for Operating Leases

At December 31, 2018, the Company had the following future minimum payments due under non‐cancelable leases:

	Operating Leases
	(in millions)
2019	$	72
2020	75
2021	76
2022	68
2023	58
Thereafter	327
Total	$	676