Â鶹×îгöÆ·

Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.19.1
Leases (Tables)
3 Months Ended
Mar. 31, 2019
Leases Ìý
Schedule of cumulative effect of changes in consolidated financial statements

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Balance at December 31, 2018

Ìý

Adjustments due to ASC 842

Ìý

Balance at January 1, 2019

Ìý

Ìý

in millions

Assets

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Other current assets

$

360

Ìý

(2)

Ìý

358

Ìý

Property and equipment, at cost

$

3,765

Ìý

(371)

Ìý

3,394

Ìý

Accumulated depreciation

$

(1,296)

Ìý

15

Ìý

(1,281)

Ìý

Other assets

$

583

Ìý

396

Ìý

979

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Liabilities and Equity

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Current portion of debt

$

17

Ìý

(4)

Ìý

13

Ìý

Other current liabilities

$

32

Ìý

36

Ìý

68

Ìý

Long-term debt

$

13,371

Ìý

(1)

Ìý

13,370

Ìý

Other long-term liabilities

$

864

Ìý

9

Ìý

873

Ìý

Retained earnings

$

13,644

Ìý

(2)

Ìý

13,642

Ìý

Ìý

Summary of components of lease expense

Ìý

Ìý

Ìý

Ìý

Ìý

Three months endedÌý

Ìý

Ìý

MarchÌý31, 2019

Ìý

Ìý

in millions

Ìý

Finance lease cost

Ìý

Ìý

Ìý

Depreciation of leased assets

$

2

Ìý

Interest on lease liabilities

Ìý

1

Ìý

Total finance lease cost

Ìý

3

Ìý

Operating lease cost

Ìý

19

Ìý

Sublease income

Ìý

(1)

Ìý

Total lease cost

$

21

Ìý

Ìý

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

Ìý

Ìý

Ìý

Ìý

Ìý

Three months endedÌý

Ìý

Ìý

MarchÌý31, 2019

Ìý

Weighted-average remaining lease term (years):

Ìý

Ìý

Ìý

Finance leases

Ìý

29.8

Ìý

Operating leases

Ìý

10.2

Ìý

Weighted-average discount rate:

Ìý

Ìý

Ìý

Finance leases

Ìý

4.7%

Ìý

Operating leases

Ìý

5.2%

Ìý

Ìý

Schedule of balance sheet and other information of our leases

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

MarchÌý31,

Ìý

Ìý

Ìý

2019

Ìý

Ìý

Ìý

in millions

Ìý

Operating leases:

Ìý

Ìý

Ìý

Operating lease right-of-use assets (1)

$

476

Ìý

Ìý

Ìý

Ìý

Ìý

Current operating lease liabilities (2)

$

53

Ìý

Operating lease liabilities (3)

Ìý

439

Ìý

Total operating lease liabilities

$

492

Ìý

Ìý

Ìý

Ìý

Ìý

Finance Leases:

Ìý

Ìý

Ìý

Property and equipment, at cost

$

482

Ìý

Accumulated depreciation

Ìý

(73)

Ìý

Property and equipment, net

$

409

Ìý

Ìý

Ìý

Ìý

Ìý

Current finance lease liabilities (2)

$

10

Ìý

Finance lease liabilities (3)

Ìý

119

Ìý

Total finance lease liabilities

$

129

Ìý


(1)

Included in Other assets in the condensed consolidated balance sheet

(2)

Included in Other current liabilities in the condensed consolidated balance sheet

Included in Other liabilities in the condensed consolidated balance sheet

Schedule of cash flow information related to our leases

Ìý

Ìý

Ìý

Ìý

Ìý

Three months endedÌý

Ìý

Ìý

MarchÌý31, 2019

Ìý

Ìý

in millions

Ìý

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

Ìý

Ìý

Ìý

Operating cash flows from operating leases

$

20

Ìý

Financing cash flows from finance leases

$

4

Ìý

Ìý

Summary of maturities of our operating leases

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Finance leases

Ìý

Operating leases

Ìý

Ìý

Ìý

in millions

Ìý

Remainder of 2019

$

9

Ìý

57

Ìý

2020

Ìý

11

Ìý

78

Ìý

2021

Ìý

10

Ìý

65

Ìý

2022

Ìý

9

Ìý

61

Ìý

2023

Ìý

9

Ìý

57

Ìý

Thereafter

Ìý

173

Ìý

319

Ìý

Total lease payments

Ìý

221

Ìý

637

Ìý

Less: implied interest

Ìý

92

Ìý

145

Ìý

Present value of lease liabilities

$

129

Ìý

492

Ìý

Ìý

Summary of maturities of our finance leases

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Finance leases

Ìý

Operating leases

Ìý

Ìý

Ìý

in millions

Ìý

Remainder of 2019

$

9

Ìý

57

Ìý

2020

Ìý

11

Ìý

78

Ìý

2021

Ìý

10

Ìý

65

Ìý

2022

Ìý

9

Ìý

61

Ìý

2023

Ìý

9

Ìý

57

Ìý

Thereafter

Ìý

173

Ìý

319

Ìý

Total lease payments

Ìý

221

Ìý

637

Ìý

Less: implied interest

Ìý

92

Ìý

145

Ìý

Present value of lease liabilities

$

129

Ìý

492

Ìý

Ìý