Leases

12 Months Ended

Dec. 31, 2019

Total lease expense was $55 million for the year ended December 31, 2019, which includes operating lease expense of $37 million and variable lease expense of $18 million. Prior to the adoption of the new leasing standard, lease expense for the years ended December 31, 2018 and 2017 was $62 million and $66 million. Cash paid for amounts included in operating lease liabilities was $34 million for the year ended December 31, 2019. Operating lease ROU assets obtained in exchange for lease obligations was $12 million for the year ended December 31, 2019.

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



(In millions)	December 31, 2019
Operating lease ROU assets	$	220
Operating lease liabilities	301

The following table presents the maturities of operating lease liabilities as of December 31, 2019.



(In millions)	Operating Leases
2020	$	38
2021	43
2022	40
2023	34
2024	29
Thereafter	184
Total lease payments	368
Less: Discount	(67		)
Total operating lease liabilities	$	301

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.



	December 31, 2019
Weighted average remaining lease term	10.8 years
Weighted average discount rate	3.4	%

The table below 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