LEASES (Tables)

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Summary of right-of-use assets and right-of-use liabilities

Right-of-use assets and lease liabilities associated with the Company's operating leases are included in the Consolidated Balance Sheet as of March 31, 2019 as follows:

(in millions)
Right-of-use assets included in:
Other non-current assets	$	274
Lease liabilities included in:
Accrued and other current liabilities	$	55
Other non-current liabilities	238
Total lease liabilities	$	293

Summary of lease expenses

Lease expense for the three months ended March 31, 2019 includes:

(in millions)
Operating lease costs	$	16
Variable operating lease costs	$	4

Summary of other operating lease information

Other information related to operating leases for the three months ended March 31, 2019 are as follows:

(dollars in millions)
Cash paid from operating cash flows for amounts included in the measurement of lease liabilities	$	20
Right-of-use assets obtained in exchange for new operating lease liabilities	$	7
Weighted-average remaining lease term	8.6 years
Weighted-average discount rate	6.2		%

Summary of operating lease future payments, after adoption of 842

As of March 31, 2019, future payments under noncancelable operating leases for the remainder of 2019, each of the five succeeding years ending December 31 and thereafter are as follows:

(in millions)
Remainder of 2019	$	54
2020	57
2021	42
2022	36
2023	32
2024	27
Thereafter	138
Total	386
Less: Imputed interest	93
Present value of remaining lease payments	293
Less: Current portion	55
Non-current portion	$	238

Summary of operating lease future payments, before adoption of 842

Accordingly, the Company is providing the following table of future payments under noncancelable operating leases as of December 31, 2018, for each of the five succeeding years ending December 31 and thereafter as previously disclosed under prior accounting guidance:

(in millions)
2019	$	78
2020	60
2021	44
2022	39
2023	32
Thereafter	166
Total	$	419