jvidÊÓƵ

Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.20.4
Leases (Tables)
12 Months Ended
Dec. 31, 2020
Revenue, Initial Application Period Cumulative Effect Transition [Line Items] Ìý
Summary of components of lease expense

​

​

​

​

​

​

​

​

Years ended December 31,

​

​

2020

​

2019

​

​

in millions

​

Finance lease cost

​

​

​

​

​

Depreciation of leased assets

$

35

​

37

​

Interest on lease liabilities

​

6

​

6

​

Total finance lease cost

​

41

​

43

​

Operating lease cost

​

93

​

89

​

Sublease income

​

(2)

​

(3)

​

Total lease cost

$

132

​

129

​

Schedule of remaining weighted-average lease term and weighted-average discount rate

​

​

​

​

​

​

​

​

2020

​

2019

​

Weighted-average remaining lease term (years):

​

​

​

​

​

Finance leases

​

28.3

​

29.7

​

Operating leases

​

9.2

​

9.2

​

Weighted-average discount rate:

​

​

​

​

​

Finance leases

​

4.6%

​

4.6%

​

Operating leases

​

5.2%

​

5.2%

​

Schedule of balance sheet and other information of our leases

​

​

​

​

​

​

​

​

December 31,

​

​

2020

​

2019

​

​

in millions

​

Operating leases:

​

​

​

​

​

Operating lease right-of-use assets (1)

$

465

​

510

​

​

​

​

​

​

​

Current operating lease liabilities (2)

$

54

​

53

​

Operating lease liabilities (3)

​

453

​

495

​

Total operating lease liabilities

$

507

​

548

​

​

​

​

​

​

​

Finance Leases:

​

​

​

​

​

Property and equipment, at cost

$

477

​

473

​

Accumulated depreciation

​

(118)

​

(89)

​

Property and equipment, net

$

359

​

384

​

​

​

​

​

​

​

Current finance lease liabilities (2)

$

6

​

4

​

Finance lease liabilities (3)

​

116

​

119

​

Total finance lease liabilities

$

122

​

123

​

(1) Included in Other assets in the consolidated balance sheet
(2) Included in Other current liabilities in the consolidated balance sheet
(3) Included in Other liabilities in the consolidated balance sheet

​

Schedule of cash flow information related to our leases

​

​

​

​

​

​

​

​

Years ended December 31,

​

​

2020

​

2019

​

​

in millions

​

Cash paid for amounts included in the measurement of lease liabilities:

​

​

​

​

​

Operating cash flows from operating leases

$

87

​

79

​

Financing cash flows from finance leases

$

6

​

8

​

​

​

​

​

​

​

Right-of-use assets obtained in exchange for lease obligations:

​

​

​

​

​

Operating leases

$

8

​

83

​

Summary of maturities of our operating leases

​

​

​

​

​

​

​

​

Finance leases

​

Operating leases

​

​

in millions

​

2021

$

11

​

78

​

2022

​

11

​

80

​

2023

​

9

​

75

​

2024

​

9

​

66

​

2025

​

9

​

66

​

Thereafter

​

153

​

272

​

Total lease payments

​

202

​

637

​

Less: implied interest

​

80

​

130

​

Present value of lease liabilities

$

122

​

507

​

Summary of maturities of our finance leases

​

​

​

​

​

​

​

​

Finance leases

​

Operating leases

​

​

in millions

​

2021

$

11

​

78

​

2022

​

11

​

80

​

2023

​

9

​

75

​

2024

​

9

​

66

​

2025

​

9

​

66

​

Thereafter

​

153

​

272

​

Total lease payments

​

202

​

637

​

Less: implied interest

​

80

​

130

​

Present value of lease liabilities

$

122

​

507

​