Leases Leases

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Leases

16. LEASES

The Hartford has operating leases for real estate and equipment. The right-of-use asset as of September 30, 2019 was $200 and is included in property and equipment, net, in the Condensed Consolidated Balance Sheet. The lease liability as of September 30, 2019 was $209 and is included in other liabilities in the Condensed Consolidated Balance Sheet. Variable lease costs include changes in interest rates on variable rate leases primarily for automobiles.

Components of Lease Expense

	Three Months Ended September 30,			Nine Months Ended September 30,
	2019			2019
Operating lease cost	$	13		$	36
Short-term lease cost	—			1
Variable lease cost	—			1
Sublease income	(1		)	(4		)
Total lease costs included in insurance operating costs and other expenses	$	12		$	34

Supplemental Operating Lease Information

	September 30, 2019
Operating cash flows for operating leases (for the nine months ended)	$	36
Weighted-average remaining lease term in years for operating leases	6 years
Weighted-average discount rate for operating leases	3.6		%

Maturities of Operating Lease Liabilities

	As of September 30, 2019
2019	$	13
2020	51
2021	39
2022	33
2023	30
Thereafter	66
Total lease payments	232
Less: Discount on lease payments to present value	23
Total lease liability	$	209

In July 2019, The Hartford entered into a 12 year operating lease for office space, which will result in an additional right-of-use asset and lease liability of approximately $34 upon lease commencement in July 2020.