Leases (Tables)

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Lease Cost and Additional Information

The following chart provides additional information about the Company’s property leases:

For the Three and Six Months Ended June 30, 2019 (In millions)	Three Months Ended June 30,			Six Months Ended June 30,
Lease Cost:
Operating lease cost	$	100		$	182
Short-term lease cost	2			3
Variable lease cost	39			76
Sublease income	(4		)	(8		)
Net lease cost	$	137		$	253
Other information:
Operating cash outflows from operating leases				$	187
Right of use assets obtained in exchange for new operating lease liabilities				67
Weighted-average remaining lease term – real estate				8.99 years
Weighted-average discount rate – real estate leases				3.08		%

Future Minimum Lease Payments for Operating Leases

Future minimum lease payments for the Company’s operating leases as of June 30, 2019 are as follows:

Payment Dates (In millions)	Real Estate Leases
Remainder of 2019	$	203
2020	387
2021	330
2022	308
2023	267
2024	222
Subsequent years	974
Total future lease payments	2,691
Less: Imputed interest	(363		)
Total	$	2,328
Current lease liabilities	$	347
Long-term lease liabilities	1,981
Total lease liabilities	$	2,328

Note: Table excludes obligations for leases with original terms of 12 months or less which have not been recognized as a right to use asset or liability in the consolidated balance sheets.

Aggregate Fixed Future Minimum Commitments

At December 31, 2018, the aggregate future minimum rental commitments under all non-cancelable operating lease agreements are as follows:

For the Year Ended December 31,	Gross Rental Commitments		Rentals from Subleases		Net Rental Commitments
(In millions of dollars)
2019	$	361	$	32	$	329
2020	$	340	$	31	$	309
2021	$	277	$	12	$	265
2022	$	252	$	10	$	242
2023	$	214	$	9	$	205
Subsequent years	$	753	$	32	$	721