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Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.22.0.1
Leases (Tables)
12 Months Ended
Dec. 31, 2021
Summary of components of lease expense

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Years ended December 31,

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2021

​

2020

​

2019

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amounts in millions

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Finance lease cost

​

​

​

​

​

​

​

Depreciation of leased assets

$

35

​

35

​

37

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Interest on lease liabilities

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6

​

6

​

6

​

Total finance lease cost

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41

​

41

​

43

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Operating lease cost

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89

​

93

​

89

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Sublease income

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(4)

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(2)

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(3)

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Total lease cost

$

126

​

132

​

129

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

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2021

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2020

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2019

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Weighted-average remaining lease term (years):

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​

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​

​

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Finance leases

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27.7

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28.3

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29.7

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Operating leases

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8.4

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9.2

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9.2

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Weighted-average discount rate:

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​

Finance leases

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4.7%

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4.6%

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4.6%

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Operating leases

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5.2%

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5.2%

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5.2%

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Supplemental balance sheet information for leases

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December 31,

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2021

​

2020

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amounts in millions

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Operating leases:

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​

​

​

​

Operating lease right-of-use assets (1)

$

403

​

465

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​

​

​

​

​

​

Current operating lease liabilities (2)

$

54

​

54

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Operating lease liabilities (3)

​

405

​

453

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Total operating lease liabilities

$

459

​

507

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​

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​

​

​

​

Finance Leases:

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​

​

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Property and equipment, at cost

$

477

​

477

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Accumulated depreciation

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(150)

​

(118)

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Property and equipment, net

$

327

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359

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​

​

​

​

​

​

Current finance lease liabilities (2)

$

5

​

6

​

Finance lease liabilities (3)

​

111

​

116

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Total finance lease liabilities

$

116

​

122

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(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

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Schedule of cash flow information related to our leases

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Years ended December 31,

​

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2021

​

2020

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amounts in millions

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

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​

​

​

​

Operating cash flows for operating leases

$

89

​

87

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Financing cash flows for finance leases

$

5

​

6

​

​

​

​

​

​

​

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

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​

​

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Operating leases

$

11

​

8

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Summary of maturities of our operating leases

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Finance leases

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Operating leases

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amounts in millions

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2022

$

10

​

75

​

2023

​

9

​

77

​

2024

​

9

​

67

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2025

​

9

​

65

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2026

​

9

​

63

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Thereafter

​

144

​

221

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Total lease payments

​

190

​

568

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Less: implied interest

​

74

​

109

​

Present value of lease liabilities

$

116

​

459

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Summary of maturities of our finance leases

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Finance leases

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Operating leases

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​

amounts in millions

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2022

$

10

​

75

​

2023

​

9

​

77

​

2024

​

9

​

67

​

2025

​

9

​

65

​

2026

​

9

​

63

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Thereafter

​

144

​

221

​

Total lease payments

​

190

​

568

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Less: implied interest

​

74

​

109

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Present value of lease liabilities

$

116

​

459

​