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Leases Leases
 12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Lessee, Operating and Finance Leases [Text Block] Leases
The following table presents the balances for operating and finance ROU assets and lease liabilities:
LeasesBalance Sheet Classification
December 31, 2020
December 31, 2019
Assets
Operating lease assetsOther assets$215 $215 
Finance lease assetsOther assets44 52 
Total lease assets$259 $267 
Liabilities
Operating lease liabilitiesOther liabilities$254 $243 
Finance lease liabilitiesLong-term debt44 57 
Total lease liabilities$298 $300 
The components of lease expense include operating and finance lease costs. For the year ended December 31, 2020, operating lease costs were $57 million. For the year ended December 31, 2020, finance lease costs consisted of $10 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 LiabilitiesDecember 31, 2020
Finance LeasesOperating Leases
(in millions)
2021$9 $64 
202210 51 
202310 43 
202410 32 
20259 27 
Thereafter— 58 
Total lease payments48 275 
Less: Interest(4)(21)
Present value of lease liabilities$44 $254 
Weighted-average remaining lease term (years)4.85.8
Weighted-average discount rate3.4 %2.6 %
Maturity of Lease LiabilitiesDecember 31, 2019
Finance LeasesOperating Leases
(in millions)
2020$14 $55 
202110 50 
202210 42 
202310 35 
202410 24 
Thereafter9 63 
Total lease payments63 269 
Less: Interest(6)(26)
Present value of lease liabilities$57 $243 
Weighted-average remaining lease term (years)5.86.1
Weighted-average discount rate3.4 %3.0 %
For the year ended December 31, 2020, operating cash flows included $65 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, 2020, financing cash flows included $12 million of cash paid for amounts included in the measurement of finance lease liabilities.