Leases (Tables)

9 Months Ended

Sep. 30, 2019

Leases

Schedule of components of lease expense

	Three months ended		Nine months ended
(Millions)	September 30, 2019		September 30, 2019
Operating lease cost	$	78	$	229
Finance lease cost:
Amortization of assets		5		15
Interest on lease liabilities		—		1
Variable lease cost		26		68
Total net lease cost	$	109	$	313

Schedule of supplemental balance sheet information

	Location on Face of	As of:
(Millions unless noted)	Balance Sheet	September 30, 2019
Operating leases:
Operating lease right of use assets	Operating lease right of use assets	$	834
Current operating lease liabilities	Operating lease liabilities - current	$	241
Noncurrent operating lease liabilities	Operating lease liabilities		584
Total operating lease liabilities		$	825
Finance leases:
Property and equipment, at cost	Property, plant and equipment	$	235
Accumulated amortization	Property, plant and equipment (accumulated depreciation)		(99)
Property and equipment, net		$	136
Current obligations of finance leases	Other current liabilities	$	18
Finance leases, net of current obligations	Other liabilities		116
Total finance lease liabilities		$	134
Weighted average remaining lease term (in years):
Operating leases			5.7
Finance leases			9.2
Weighted average discount rate:
Operating leases			3.3	%
Finance leases			3.8	%

Schedule of supplemental cash flow and other information

	Nine months ended
(Millions)	September 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	231
Operating cash flows from finance leases		1
Financing cash flows from finance leases		12
Right of use assets obtained in exchange for lease liabilities:
Operating leases		288
Finance leases		58
Gain on sale leaseback transactions, net		59

Schedule of maturities of operating lease liabilities

	September 30, 2019
(Millions)	Finance Leases		Operating Leases
Remainder of 2019	$	8	$	73
2020		20		241
2021		16		168
2022		15		123
2023		15		85
After 2023		67		211
Total	$	141	$	901
Less: Amounts representing interest		(7)		(76)
Present value of future minimum lease payments		134		825
Less: Current obligations		18		241
Long-term obligations	$	116	$	584

Schedule of maturities of finance lease liabilities

	September 30, 2019
(Millions)	Finance Leases		Operating Leases
Remainder of 2019	$	8	$	73
2020		20		241
2021		16		168
2022		15		123
2023		15		85
After 2023		67		211
Total	$	141	$	901
Less: Amounts representing interest		(7)		(76)
Present value of future minimum lease payments		134		825
Less: Current obligations		18		241
Long-term obligations	$	116	$	584

Minimum lease payments under capital and operating leases with non-cancelable terms in excess of one year

Minimum lease payments under capital and operating leases with non-cancelable terms in excess of one year as of December 31, 2018, were as follows:

			Operating
(Millions)	Capital Leases		Leases
2019	$	18	$	283
2020		16		208
2021		14		153
2022		12		122
2023		12		92
After 2023		32		253
Total	$	104	$	1,111
Less: Amounts representing interest		12
Present value of future minimum lease payments		92
Less: Current obligations under capital leases		17
Long-term obligations under capital leases	$	75