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Leases (Tables)
6 Months Ended
Jun. 30, 2019
Text Block [Abstract]  
Components of Net Investment in Sales-Type and Direct Financing Leases
The components of the net investment in sales-type and direct financing leases were as follows:
 
                 
(Dollars in Millions)   June 30,
2019
    December 31,
2018
 
Lease receivables
  $ 12,095     $ 12,207  
Unguaranteed residual values accruing to the lessor’s benefit
    1,881       1,877  
Total net investment in sales-type and direct financing leases
  $ 13,976     $ 14,084  
 
 
 
 
 
 
 
 
 
Contractual Future Lease Payments to be Received
The contractual future lease payments to be received by the Company at June 30, 2019, were as follows:
 
                 
(Dollars in Millions)  
Sales-type and

direct financing leases
    Operating leases  
One Year or Less
  $ 4,547     $ 180  
Over One Through Two Years
    3,833       142  
Over Two Through Three Years
    2,567       104  
Over Three Through Four Years
    1,270       68  
Over Four Through Five Years
    388       51  
Thereafter
    522       64  
Total lease payments
    13,127     $ 609  
Amounts representing interest
    (1,032 )        
Lease receivables
  $ 12,095          
 
 
 
 
 
 
 
 
 
Summary of Amounts Relevant to Company's Assets Leased for Use in its Operations
The following table presents amounts relevant to the Company’s assets leased for use in its operations:
 
                 
(Dollars in Millions)   Three Months Ended
June 30, 2019
    Six Months Ended
June 30, 2019
 
Cash paid for amounts included in the measurement of lease liabilities
               
Operating cash flows from operating leases
  $ 76     $ 151  
Operating cash flows from finance leases
    2       4  
Financing cash flows from finance leases
    2       5  
Right of use assets obtained in exchange for new operating lease liabilities
    37       73  
Right of use assets obtained in exchange for new finance lease liabilities
    1       2  
 
 
 
 
 
 
 
 
 
Summary of Weighted-Average Remaining Lease Terms and Discount Rates
The following table presents the weighted-average remaining lease terms and discount rates of the 
Company’s 
assets leased for use in its operations at June 30, 2019:
 
         
Weighted-average remaining lease term of operating leases (in years)
    7.7  
Weighted-average remaining lease term of finance leases (in years)
    10.5  
Weighted-average discount rate of operating leases
    3.2
Weighted-average discount rate of finance leases
    16.9
 
 
 
 
 
 
 
 
 
Schedule of Contractual Future Lease Obligations
The contractual future lease obligations of the Company at June 30, 2019, were as follows:
 
                 
(Dollars in Millions)   Operating leases     Finance leases  
One Year or Less
  $ 287     $ 17  
Over One Through Two Years
    263       15  
Over Two Through Three Years
    226       12  
Over Three Through Four Years
    186       10  
Over Four Through Five Years
    143       10  
Thereafter
    442       34  
Total lease payments
    1,547       98  
Amounts representing interest
    (166 )     (33 )
Lease liabilities
  $ 1,381          $ 65