Leases (Tables)
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6 Months Ended |
Jun. 30, 2019 |
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| Revenue, Initial Application Period Cumulative Effect Transition [Line Items] |
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| Schedule of cumulative effect of changes in consolidated financial statements |
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Balance at December 31, 2018 |
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Adjustments due to ASC 842 |
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Balance at January 1, 2019 |
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in millions |
Assets |
​ |
​ |
​ |
​ |
​ |
​ |
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Other current assets |
$ |
360 |
​ |
(2) |
​ |
358 |
​ |
Property and equipment, at cost |
$ |
3,765 |
​ |
(371) |
​ |
3,394 |
​ |
Accumulated depreciation |
$ |
(1,296) |
​ |
15 |
​ |
(1,281) |
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Other assets |
$ |
1,861 |
​ |
396 |
​ |
2,257 |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
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Liabilities and Equity |
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​ |
​ |
​ |
​ |
​ |
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Current portion of debt |
$ |
17 |
​ |
(4) |
​ |
13 |
​ |
Other current liabilities |
$ |
32 |
​ |
36 |
​ |
68 |
​ |
Long-term debt |
$ |
13,371 |
​ |
(1) |
​ |
13,370 |
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Other long-term liabilities |
$ |
864 |
​ |
9 |
​ |
873 |
​ |
Retained earnings |
$ |
13,644 |
​ |
(2) |
​ |
13,642 |
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| Summary of components of lease expense |
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Three months ended |
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Six months ended |
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June 30, 2019 |
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June 30, 2019 |
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in millions |
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Finance lease cost |
​ |
​ |
​ |
​ |
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Depreciation of leased assets |
$ |
16 |
​ |
18 |
​ |
Interest on lease liabilities |
​ |
2 |
​ |
3 |
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Total finance lease cost |
​ |
18 |
​ |
21 |
​ |
Operating lease cost |
​ |
25 |
​ |
44 |
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Sublease income |
​ |
(1) |
​ |
(2) |
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Total lease cost |
$ |
42 |
​ |
63 |
​ |
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| Schedule of remaining weighted-average lease term and weighted-average discount rate |
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June 30, 2019 |
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Weighted-average remaining lease term (years): |
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​ |
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Finance leases |
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29.6 |
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Operating leases |
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10.1 |
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Weighted-average discount rate: |
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​ |
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Finance leases |
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4.6% |
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Operating leases |
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5.2% |
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| Schedule of balance sheet and other information of our leases |
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June 30, |
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2019 |
​ |
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in millions |
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Operating leases: |
​ |
​ |
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Operating lease right-of-use assets (1) |
$ |
487 |
​ |
​ |
​ |
​ |
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Current operating lease liabilities (2) |
$ |
54 |
​ |
Operating lease liabilities (3) |
​ |
457 |
​ |
Total operating lease liabilities |
$ |
511 |
​ |
​ |
​ |
​ |
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Finance Leases: |
​ |
​ |
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Property and equipment, at cost |
$ |
494 |
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Accumulated depreciation |
​ |
(85) |
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Property and equipment, net |
$ |
409 |
​ |
​ |
​ |
​ |
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Current finance lease liabilities (2) |
$ |
9 |
​ |
Finance lease liabilities (3) |
​ |
119 |
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Total finance lease liabilities |
$ |
128 |
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(1) |
Included in Other assets in the condensed consolidated balance sheet |
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(2) |
Included in Other current liabilities in the condensed consolidated balance sheet |
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(3) |
Included in Other liabilities in the condensed consolidated balance sheet |
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| Schedule of cash flow information related to our leases |
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Six Months Ended |
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June 30, 2019 |
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in millions |
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Cash paid for amounts included in the measurement of lease liabilities: |
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​ |
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Operating cash flows from operating leases |
$ |
42 |
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Financing cash flows from finance leases |
$ |
8 |
​ |
​ |
​ |
​ |
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Right-of-use assets obtained in exchange for lease obligations: |
​ |
​ |
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Operating leases |
$ |
36 |
​ |
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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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in millions |
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Remainder of 2019 |
$ |
5 |
​ |
33 |
​ |
2020 |
​ |
11 |
​ |
81 |
​ |
2021 |
​ |
10 |
​ |
69 |
​ |
2022 |
​ |
9 |
​ |
65 |
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2023 |
​ |
9 |
​ |
62 |
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Thereafter |
​ |
173 |
​ |
351 |
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Total lease payments |
​ |
217 |
​ |
661 |
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Less: implied interest |
​ |
89 |
​ |
150 |
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Present value of lease liabilities |
$ |
128 |
​ |
511 |
​ |
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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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in millions |
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Remainder of 2019 |
$ |
5 |
​ |
33 |
​ |
2020 |
​ |
11 |
​ |
81 |
​ |
2021 |
​ |
10 |
​ |
69 |
​ |
2022 |
​ |
9 |
​ |
65 |
​ |
2023 |
​ |
9 |
​ |
62 |
​ |
Thereafter |
​ |
173 |
​ |
351 |
​ |
Total lease payments |
​ |
217 |
​ |
661 |
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Less: implied interest |
​ |
89 |
​ |
150 |
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Present value of lease liabilities |
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