Leases - (Tables)

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Summary information, components of lease costs, cash and noncash information on leases and other lease information

The following table summarizes information related to our leases, all of which are classified as operating, included in our Consolidated Balance Sheets (in millions):

	December 31,
Consolidated Balance Sheets locations	2020		2019
Assets:
Other assets	$	408	$	469
Liabilities:
Accrued liabilities	$	153	$	140
Other noncurrent liabilities	306		388
Total lease liabilities	$	459	$	528

The components of net lease costs were as follows (in millions):

	Years ended December 31,
Lease costs	2020		2019
Operating(1)	$	223	$	204
Sublease income	(34)		(33)
Total net lease costs	$	189	$	171

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(1)    Includes short-term leases and variable lease costs, which were not material for the years ended December 31, 2020 and 2019.

The weighted-average remaining lease terms and weighted-average discount rates were as follows:

	December 31,
	2020		2019
Weighted-average remaining lease term (in years)	3.7		4.1
Weighted-average discount rate	3.1	%	3.3	%

Cash and noncash information related to our leases was as follows (in millions):

	Years ended December 31,
	2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	177	$	148
ROU assets obtained in exchange for lease obligations:
Operating leases	$	101	$	163

Maturities of lease liabilities

Maturities of lease liabilities as of December 31, 2020, were as follows (in millions):

Maturity dates	Amounts
2021	$	164
2022	132
2023	105
2024	36
2025	15
Thereafter	36
Total lease payments(1)	488
Less imputed interest	(29)
Present value of lease liabilities	$	459

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(1)    Includes future rental commitments for abandoned leases of $133 million. We expect to receive total future rental income of $107 million related to noncancelable subleases for abandoned facilities.