Leases (Tables)

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Assets and liabilities, lessee

The following table presents operating lease ROU assets and lease liabilities.

(In millions)	September 30, 2019
Operating lease ROU assets	$	223
Operating lease liabilities	304

Maturities of operating lease liabilities

The following table presents the maturities of operating lease liabilities as of September 30, 2019.

(In millions)	Operating Leases
2019 (Excluding the nine months ended September 30, 2019)	$	6
2020	39
2021	42
2022	39
2023	34
Thereafter	213
Total lease payments	373
Less: Discount	(69		)
Total operating lease liabilities	$	304

Lease terms and discount rates

The following table presents the weighted average remaining lease term for operating leases and weighted average discount rate used in calculating operating lease right-of-use assets.

	September 30, 2019
Weighted average remaining lease term	10.9 years
Weighted average discount rate	3.4	%

Schedule of future minimum rental payments for operating leases

The following table presents the expected future minimum lease payments to be made under non-cancelable operating leases as of December 31, 2018.

(In millions)	Future Minimum Lease Payments
2019	$	35
2020	39
2021	41
2022	38
2023	32
Thereafter	200
Total	$	385