Ί¬Πί²έ΄«Γ½

Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.22.0.1
Leases (Tables)
 12 Months Ended
Dec. 31, 2021
Leases Μύ
Schedule of components of lease expenses

​

​

​

​

​

​

​

​

​

​

Year ended

​

​

December 31,

​

​

2021

​

2020

​

2019

​

​

in millions

​

Operating lease cost (1)

$

96

​

87

​

78

​

Finance lease cost

​

​

​

​

​

​

​

Depreciation of leased assets

$

19

​

19

​

20

​

Interest on lease liabilities

​

8

​

8

​

9

​

Total finance lease cost

$

27

​

27

​

29

​
(1) Included within operating lease costs were short-term lease costs and variable lease costs, which were not material to the financial statements.
Schedule of remaining weighted-average lease term and weighted-average discount rate

​

​

​

​

​

​

​

​

​

​

December 31, 2021

​

December 31, 2020

​

December 31, 2019

​

Weighted-average remaining lease term (years):

​

​

​

​

​

​

​

Finance leases

​

7.7

​

8.5

​

9.2

​

Operating leases

​

8.3

​

8.5

​

9.1

​

Weighted-average discount rate:

​

​

​

​

​

​

​

Finance leases

​

5.2%

​

5.1%

​

5.0%

​

Operating leases

​

5.1%

​

5.1%

​

4.9%

​
Schedule of supplemental balance sheet and cash flow information related to leases

​

Supplemental balance sheet information related to leases was as follows:

​

​

​

​

​

​

​

December 31,

​

December 31,

​

​

2021

​

2020

​

​

in millions

​

Operating leases:

​

​

​

​

​

Operating lease ROU assets (1)

$

351

​

371

​

​

​

​

​

​

​

Current operating lease liabilities (2)

$

64

​

63

​

Operating lease liabilities (3)

​

303

​

320

​

Total operating lease liabilities

$

367

​

383

​

​

​

​

​

​

​

Finance Leases:

​

​

​

​

​

Finance lease ROU assets (4)

$

277

​

278

​

Finance lease ROU asset accumulated depreciation (4)

​

(151)

​

(141)

​

Finance lease ROU assets, net

$

126

​

137

​

Current finance lease liabilities (2)

$

20

​

18

​

Finance lease liabilities (3)

​

137

​

150

​

Total finance lease liabilities

$

157

​

168

​
(1) Included within the Other assets, at cost, net of accumulated amortization line item on the consolidated balance sheets.
(2) Included within the Other current liabilities line item on the consolidated balance sheets.
(3) Included within the Other liabilities line item on the consolidated balance sheets.
(4) Included within the Property and equipment on the consolidated balance sheets.

Supplemental cash flow information related to leases was as follows:

​

​

​

​

​

​

​

​

​

Year ended

​

​

December 31,

​

​

2021

​

2020

​

2019

​

​

in millions

​

​

​

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

​

​

​

​

​

​

​

Operating cash outflows from operating leases

$

82

​

86

​

75

​

Operating cash outflows from finance leases

$

8

​

8

​

9

​

Financing cash outflows from finance leases

$

18

​

18

​

22

​

ROU assets obtained in exchange for lease obligations

​

​

​

​

​

​

​

Operating leases

$

49

​

35

​

173

​

Finance leases

$

11

​

β€”

​

16

​
Summary of future lease payments under finance lease

​

​

​

​

​

​

​

​

Finance Leases

​

Operating Leases

​

​

​

in millions

​

2022

$

27

​

80

​

2023

​

27

​

72

​

2024

​

26

​

56

​

2025

​

23

​

47

​

2026

​

22

​

41

​

Thereafter

​

67

​

163

​

Total lease payments

$

192

​

459

​

Less: imputed interest

​

35

​

92

​

Total lease liabilities

$

157

​

367

​

​
Summary of future lease payments under operating lease

​

​

​

​

​

​

​

​

Finance Leases

​

Operating Leases

​

​

​

in millions

​

2022

$

27

​

80

​

2023

​

27

​

72

​

2024

​

26

​

56

​

2025

​

23

​

47

​

2026

​

22

​

41

​

Thereafter

​

67

​

163

​

Total lease payments

$

192

​

459

​

Less: imputed interest

​

35

​

92

​

Total lease liabilities

$

157

​

367

​