Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.19.3.a.u2
Leases (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
ROU Assets and Liabilities
The following table sets forth the ROU assets and liabilities as of December 31, 2019 ($ in millions):
 
December 31, 2019
Assets
 
ROU assets (recorded within other long-term assets)
$
661

 
 
Liabilities
 
Short-term (recorded within accounts payable and accrued expenses)
$
161

Long-term (recorded within other long-term liabilities)
622

Total operating lease liabilities
$
783


Operating Lease Maturity Lease payments over the next five years and thereafter are as follows ($ in millions):
 
December 31, 2019
2020
$
190

2021
182

2022
148

2023
119

2024
99

Thereafter
438

Total lease payments
1,176

Less: imputed interest
(393
)
Total ROU liabilities
$
783


Schedule of Future Minimum Rental Payments
The following discussion relates to the Company's lease accounting policy under ASC Topic 840 for the year ended December 31, 2018. Annual noncancellable minimum lease payments over the next five years and thereafter were as follows ($ in millions):
 
December 31, 2018
2019
$
174

2020
176

2021
145

2022
101

2023
71

Thereafter
200

Total lease payments
$
867