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Leases (Tables)

6 Months Ended

Jun. 30, 2019

Schedule of Prospective Adoption of New Accounting Pronouncements [Table Text Block]

Effect of Adopting New Lease Standard - January 1, 2019 Balance Sheet

(In millions)	Prior to Adoption		Effect of Adoption			Post Adoption
Property and equipment, net ⁽¹⁾	$	16,045	$	(96	)	$	15,949
Deferred charges and other assets ⁽²⁾⁽³⁾	383		480			863
Accrued expenses and other current liabilities ⁽²⁾	1,217		33			1,250
Financing obligations ⁽¹⁾	10,057		(96		)	9,961
Deferred credits and other liabilities ⁽²⁾⁽³⁾	849		447			1,296

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⁽¹⁾	Non-operating land assets previously considered as failed sale-leaseback financing obligations were determined to qualify for sale-leaseback accounting under ASC 842 and are now recognized as operating lease liabilities with corresponding ROU assets.


⁽²⁾	Operating leases previously considered as off-balance sheet obligations are now recognized as operating lease liabilities with corresponding ROU assets.

⁽³⁾

Accruals associated with future obligations for leases not in use have been applied against the carrying amount of the ROU assets.

Lessee Operating Lease Balance Sheet Amounts and Lines [Table Text Block]

The following are additional details related to leases recorded on our Balance Sheet as of June 30, 2019:



(In millions)	Balance Sheet Classification	June 30, 2019
Assets
Operating lease ROU assets ⁽¹⁾	Deferred charges and other assets	$	462
Liabilities
Current operating lease liabilities ⁽¹⁾	Accrued expenses and other current liabilities	30
Non-current operating lease liabilities ⁽¹⁾	Deferred credits and other liabilities	489

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⁽¹⁾

As noted above, we have elected the short-term lease measurement and recognition exemption and do not establish ROU assets or liabilities for operating leases with terms of 12 months or less.

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

Maturity of Lease Liabilities as of June 30, 2019

(In millions)	Operating Leases
Remaining 2019	$	36
2020	70
2021	70
2022	64
2023	62
Thereafter	892
Total	1,194
Less: present value discount	(675		)
Lease liability	$	519

Lease, Cost [Table Text Block]

Lease Costs

	Three Months Ended		Six Months Ended
(In millions)	June 30, 2019
Operating lease expense	$	18	$	35
Short-term lease expense	30		49
Variable lease expense	5		6
Total lease costs	$	53	$	90

Other Lease Information [Table Text Block]

Other Information

(In millions)	Six Months Ended June 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	33

Lessee, Operating Lease, Disclosure [Table Text Block]

Weighted-Average Details

	June 30, 2019
Weighted-average remaining lease term (in years)	21.8
Weighted-average discount rate	7.99	%

Finance Lease, Liability, Maturity [Table Text Block]

Annual Estimated Failed Sale-Leaseback Financing Obligation Service Requirements as of June 30, 2019

	Remaining		Years Ended December 31,
(In millions)	2019		2020		2021		2022		2023		Thereafter		Total
Financing obligations - principal	$	10	$	23	$	26	$	28	$	33	$	8,429	$	8,549
Financing obligations - interest	384		777		788		799		814		25,589		29,151
Total financing obligation payments ⁽¹⁾	$	394	$	800	$	814	$	827	$	847	$	34,018	$	37,700

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⁽¹⁾

Financing obligation principal and interest payments are estimated amounts based on the future minimum lease payments and certain estimates based on contingent rental payments. Actual payments may differ from the estimates.

Lessor, Operating Lease, Payments to be Received, Maturity [Table Text Block]

Maturity of Lease Receivables as of June 30, 2019

(In millions)	Operating Leases
Remaining 2019	$	36
2020	69
2021	63
2022	56
2023	51
Thereafter	807
Total	$	1,082