Leases

12 Months Ended

Dec. 31, 2021

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


Leases	Balance Sheet Classification	December 31, 2021		December 31, 2020
		(in millions)
Assets
Operating lease assets	Other assets	$	291	$	215
Finance lease assets	Other assets	38		44
Total lease assets		$	329	$	259

Liabilities
Operating lease liabilities	Other liabilities	$	341	$	254
Finance lease liabilities	Long-term debt	40		44
Total lease liabilities		$	381	$	298

The following table presents the components of lease expense:


		Years Ended December 31,
Lease cost	Income Statement Classification	2021		2020		2019
		(in millions)
Operating lease cost	General and administrative expense	$	57	$	57	$	58
Finance lease costs:
Amortization of ROU assets	General and administrative expense	13		10		8
Interest on lease liabilities	Interest and debt expense	2		2		2
Total lease cost		$	72	$	69	$	68

The following table presents the weighted-average lease term and weighted-average discount rate related to operating and finance leases:


	December 31, 2021				December 31, 2020
Lease term and discount rate	Finance Leases		Operating Leases		Finance Leases		Operating Leases
Weighted-average remaining lease term (years)	3.8		7.2		4.8		5.8
Weighted-average discount rate	3.4	%	2.1	%	3.4	%	2.6	%

The following table presents supplemental cash flow information related to operating and finance leases:


	Years Ended December 31,
Supplemental cash flow information	2021		2020		2019
	(in millions)
Operating cash flows:
Cash paid for amounts included in measurement of operating lease liabilities	$	50	$	65	$	62
Cash paid for amounts included in measurement of finance lease liabilities	2		2		2
Financing cash flows:
Cash paid for amounts included in measurement of finance lease liabilities	$	9	$	12	$	13

The following table presents the maturities of lease liabilities:


Maturity of Lease Liabilities	December 31, 2021
	Finance Leases		Operating Leases
	(in millions)
2022	$	11	$	68
2023	11		61
2024	11		51
2025	10		45
2026	—		38
Thereafter	—		104
Total lease payments	43		367
Less: Interest	3		26
Present value of lease liabilities	$	40	$	341