Leases Leases

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Leases of Lessee Disclosure [Text Block]

Leases

The following table presents the balances for operating and finance ROU assets and lease liabilities:

Leases	Balance Sheet Classification	December 31, 2019
Assets
Operating lease assets	Other assets	$	215
Finance lease assets	Other assets	52
Total lease assets		$	267
Liabilities
Operating lease liabilities	Other liabilities	$	243
Finance lease liabilities	Long-term debt	57
Total lease liabilities		$	300

The components of lease expense include operating and finance lease costs. For the year ended December 31, 2019, operating lease costs were $58 million. For the year ended December 31, 2019, finance lease costs consisted of $8 million in amortization and $2 million of interest expense. Amortization is recorded in general and administrative expenses and interest expense is recorded in interest and debt expense in the Consolidated Statements of Operations.

Maturities of lease liabilities, weighted-average remaining term and weighted-average discount rate are as follows:

Maturity of Lease Liabilities	December 31, 2019
	Finance Leases			Operating Leases
	(in millions)
2020	$	14		$	55
2021	10			50
2022	10			42
2023	10			35
2024	10			24
Thereafter	9			63
Total lease payments	63			269
Less: Interest	(6		)	(26		)
Present value of lease liabilities	$	57		$	243
Weighted-average remaining lease term (years)	5.8			6.1
Weighted-average discount rate	3.4		%	3.0		%

Maturities of lease liabilities prior to the adoption of new lease guidance were as follows:

Maturity of Lease Liabilities	December 31, 2018
	Operating Leases
	(in millions)
2019	$	61
2020	53
2021	40
2022	33
2023	26
Thereafter	65
Total lease payments	$	278

For the year ended December 31, 2019, operating cash flows included $62 million of cash paid for amounts included in the measurement of operating lease liabilities and $2 million of cash paid for amounts included in the measurement of finance lease liabilities. For the year ended December 31, 2019, financing cash flows included $13 million of cash paid for amounts included in the measurement of finance lease liabilities.