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Leases (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Components of Lease Expense
The components of lease expense were as follows:
(in millions)Year Ended December 31, 2019
Operating lease expense$2,558  
Financing lease expense:
Amortization of right-of-use assets523  
Interest on lease liabilities82  
Total financing lease expense605  
Variable lease expense243  
Total lease expense$3,406  
Schedule of Information Relating to Lease Term and Discount Rate
Information relating to the lease term and discount rate is as follows:
December 31, 2019
Weighted Average Remaining Lease Term (Years)
Operating leases6
Financing leases3
Weighted Average Discount Rate
Operating leases4.8 %
Financing leases4.0 %
Maturity Schedule of Operating Lease Liabilities
Maturities of lease liabilities as of December 31, 2019, were as follows:
(in millions)Operating LeasesFinance Leases
Twelve Months Ending December 31,
2020$2,754  $1,013  
20212,583  733  
20222,311  414  
20231,908  101  
20241,615  71  
Thereafter3,797  115  
Total lease payments14,968  2,447  
Less imputed interest2,142  144  
Total$12,826  $2,303  
Maturity Schedule of Finance Lease Liabilities
Maturities of lease liabilities as of December 31, 2019, were as follows:
(in millions)Operating LeasesFinance Leases
Twelve Months Ending December 31,
2020$2,754  $1,013  
20212,583  733  
20222,311  414  
20231,908  101  
20241,615  71  
Thereafter3,797  115  
Total lease payments14,968  2,447  
Less imputed interest2,142  144  
Total$12,826  $2,303  
Schedule of Leased Wireless Devices
The components of leased wireless devices under our JUMP! On Demand program were as follows:
(in millions)December 31, 2019December 31, 2018
Leased wireless devices, gross$1,139  $1,159  
Accumulated depreciation(407) (622) 
Leased wireless devices, net$732  $537  
Schedule of Future Minimum Payments Expected to be Received (under 842)
Future minimum payments expected to be received over the lease term related to the leased wireless devices, which exclude optional residual buy-out amounts at the end of the lease term, are summarized below:
(in millions)Total
Twelve Months Ending December 31,
2020$417  
202199  
Total$516  
Schedule of Future Minimum Payments Expected to be Received (under 840)
As of December 31, 2018, the future minimum payments expected to be received over the lease term related to the leased wireless devices, which exclude optional residual buy-out amounts at the end of the lease term, are summarized below:
(in millions)Total
Year Ended December 31,
2019$419  
202059  
Total$478  
Schedule of Future Minimum Lease Payments for Capital Leases
As of December 31, 2018, the future minimum payments required under capital leases, including interest and maintenance, over their remaining terms are summarized below:
(in millions)Future Minimum Payments
Year Ended December 31,
2019$909  
2020631  
2021389  
2022102  
202366  
Thereafter106  
Total$2,203  
Included in Total
Interest$143  
Maintenance45