LEASES (Tables)

9 Months Ended

Sep. 30, 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 September 30, 2019 as follows:

(in millions)
Right-of-use assets included in:
Other non-current assets	$	263
Lease liabilities included in:
Accrued and other current liabilities	$	49
Other non-current liabilities	235
Total lease liabilities	$	284

Summary of lease expenses

Lease expense includes:

(in millions)	Three Months Ended September 30, 2019		Nine Months Ended September 30, 2019
Operating lease costs	$	15	$	47
Variable operating lease costs	$	3	$	12
Short-term lease expense	$	1	$	2

Summary of other operating lease information

Other information related to operating leases for the nine months ended September 30, 2019 is as follows:

(dollars in millions)
Cash paid from operating cash flows for amounts included in the measurement of lease liabilities	$	56
Right-of-use assets obtained in exchange for new operating lease liabilities	$	28
Weighted-average remaining lease term	8.5 years
Weighted-average discount rate	6.2		%

Summary of operating lease future payments, after adoption of 842

As of September 30, 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	$	16
2020	63
2021	49
2022	39
2023	34
2024	28
Thereafter	146
Total	375
Less: Imputed interest	91
Present value of remaining lease payments	284
Less: Current portion	49
Non-current portion	$	235

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		2020		2021		2022		2023		Thereafter		Total
Future payments	$	78	$	60	$	44	$	39	$	32	$	166	$	419