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Leases (Tables)
12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Component of Lease Expense and Other Information
Components of Lease Expense
(in millions)December 31, 2020December 31, 2019
Lease expense:
Operating lease cost$130 $133 
Finance lease cost
Amortization of right-of-use assets11 12 
Interest on lease liabilities1 
Total finance lease cost12 14 
Short-term lease cost3 
Variable cost37 35 
Sublease income(5)(4)
Net lease expense$177 $182 
Other Information Related to Leases
(in millions)December 31, 2020December 31, 2019
Supplemental cash flow information:
Net cash used for operating activities related to operating leases$144 $140 
Net cash used for operating activities related to finance leases1 
Net cash used for financing activities related to finance leases12 14 
Assets obtained in exchange for lease liabilities:
Operating leases$84 $86 
(in millions)December 31, 2020December 31, 2019
Weighted average remaining lease terms (years):
Operating leases67
Finance leases22
Weighted average discount rate:
Operating leases3.30 %3.61 %
Finance leases4.21 %4.28 %
Assets And Liabilities, Lessee
Lease Assets and Liabilities
(in millions)Statement Line ClassificationDecember 31, 2020December 31, 2019
Assets:
Operating lease assetsOperating lease assets$468 $554 
Finance lease assetsProperty, plant, and equipment, net30 41 
$498 $595 
Current liabilities:
Operating lease liabilitiesAccrued liabilities$126 $122 
Finance lease liabilitiesCurrent portion of long-term debt11 13 
$137 $135 
Non-current liabilities:
Operating lease liabilitiesOperating lease liabilities$402 $497 
Finance lease liabilitiesLong-term debt5 16 
$407 $513 
Future Lease Payments, Finance
Future Lease Payments
As of December 31, 2020 (in millions)Operating LeasesFinance LeasesTotal
2021$141 $12 $153 
2022127 132 
202373 — 73 
202459 — 59 
202547 — 47 
Thereafter139 — 139 
Total lease payments$586 $17 $603 
Less: Interest58 59 
Present value of lease liabilities$528 $16 $544 
Future Lease Payments, Operating
Future Lease Payments
As of December 31, 2020 (in millions)Operating LeasesFinance LeasesTotal
2021$141 $12 $153 
2022127 132 
202373 — 73 
202459 — 59 
202547 — 47 
Thereafter139 — 139 
Total lease payments$586 $17 $603 
Less: Interest58 59 
Present value of lease liabilities$528 $16 $544