4,092 Analyzing, Interpreting, and Capitalizing Operating Lease Goldman Sachs' SEC filing for the quarter ended March 31, 2019, report contains the following lease footnote. Leases (ASC 842). In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). This ASU requires that, for leases longer than one year, a lessee recognize in the statements of financial condition a right-of-use asset and a lease liability. It also requires that for finance leases, a lessee recognize interest expense on the lease liability, separately from the amortization of the right-of-use asset in the statements of earnings, while for operating leases, such amounts should be recognized as a combined expense. The firm adopted this ASU in January 2019 under a modified retrospective approach. The table below presents other assets by type. $ in millions Mar. 2019 Dec. 2018 Property, leasehold improvements and equipment $19,277 $18,317 Held-to-maturity securities 5,841 1,288 Goodwill and identifiable intangible assets 4,082 Operating lease right-of-use assets 2,386 Income tax-related assets 1,729 1,529 Miscellaneous receivables and other 4,358 5,424 Total $37,683 $30,640 The table below presents other liabilities by type. $ in millions Mar. 2019 Dec. 2018 Compensation and benefits $3,110 $6,834 Income tax-related liabilities 3,080 2,864 Operating lease liabilities 2,413 Noncontrolling interests 1,565 1,568 Employee interests in consolidated funds Accrued expenses and other 5,884 6,219 Total $16,174 $17,607 The table below presents information about future operating lease payments. 122 122 $ in millions Remainder of 2019 2020 2021 Mar. 2019 318 341 262 235 2022 204 193 2,494 2023 2024 2025-thereafter Total undiscounted lease payments 4,047 Imputed interest (1,634) Total operating lease liabilities $2,413 Weighted average remaining lease term 18 years Weighted average discount rate 4.8596 Goldman Sachs's 10-K report for the year ended December 31, 2018, included the following table about future cash payments required under operating leases. $ in millions Dec. 2018 2019 $281 2020 271 2021 218 177 142 2022 2023 2024 - thereafter Total 1,310 $2,399 What operating lease liability did Goldman Sachs report for the quarter ended March 31, 2019? million What right-of-use assets did Goldman Sachs report for the quarter ended March 31, 2019? million $ Use an Excel spreadsheet and the information on future operating lease payments to verify the total liabilities of $2,413 million on the 2019 Form 10-Q. Hint: The amount will not be exactly $2,413. Enter the amount computed in Excel. Round your final answer to the nearest million. $ million Use the information on rental payments from the December 2018 Form 10-K, to calculate the present value of future payments at year-end. Use the same average weighted lease term and discount rate Goldman Sachs discloses in the 2019 Form 10-Q. Enter the amount computed in Excel. Round your final answer to the nearest million. million $ 4,092 Analyzing, Interpreting, and Capitalizing Operating Lease Goldman Sachs' SEC filing for the quarter ended March 31, 2019, report contains the following lease footnote. Leases (ASC 842). In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). This ASU requires that, for leases longer than one year, a lessee recognize in the statements of financial condition a right-of-use asset and a lease liability. It also requires that for finance leases, a lessee recognize interest expense on the lease liability, separately from the amortization of the right-of-use asset in the statements of earnings, while for operating leases, such amounts should be recognized as a combined expense. The firm adopted this ASU in January 2019 under a modified retrospective approach. The table below presents other assets by type. $ in millions Mar. 2019 Dec. 2018 Property, leasehold improvements and equipment $19,277 $18,317 Held-to-maturity securities 5,841 1,288 Goodwill and identifiable intangible assets 4,082 Operating lease right-of-use assets 2,386 Income tax-related assets 1,729 1,529 Miscellaneous receivables and other 4,358 5,424 Total $37,683 $30,640 The table below presents other liabilities by type. $ in millions Mar. 2019 Dec. 2018 Compensation and benefits $3,110 $6,834 Income tax-related liabilities 3,080 2,864 Operating lease liabilities 2,413 Noncontrolling interests 1,565 1,568 Employee interests in consolidated funds Accrued expenses and other 5,884 6,219 Total $16,174 $17,607 The table below presents information about future operating lease payments. 122 122 $ in millions Remainder of 2019 2020 2021 Mar. 2019 318 341 262 235 2022 204 193 2,494 2023 2024 2025-thereafter Total undiscounted lease payments 4,047 Imputed interest (1,634) Total operating lease liabilities $2,413 Weighted average remaining lease term 18 years Weighted average discount rate 4.8596 Goldman Sachs's 10-K report for the year ended December 31, 2018, included the following table about future cash payments required under operating leases. $ in millions Dec. 2018 2019 $281 2020 271 2021 218 177 142 2022 2023 2024 - thereafter Total 1,310 $2,399 What operating lease liability did Goldman Sachs report for the quarter ended March 31, 2019? million What right-of-use assets did Goldman Sachs report for the quarter ended March 31, 2019? million $ Use an Excel spreadsheet and the information on future operating lease payments to verify the total liabilities of $2,413 million on the 2019 Form 10-Q. Hint: The amount will not be exactly $2,413. Enter the amount computed in Excel. Round your final answer to the nearest million. $ million Use the information on rental payments from the December 2018 Form 10-K, to calculate the present value of future payments at year-end. Use the same average weighted lease term and discount rate Goldman Sachs discloses in the 2019 Form 10-Q. Enter the amount computed in Excel. Round your final answer to the nearest million. million $