6. Leases in Practice. The figure below presents companies total lease liabilitiesi.e., finance and operating lease liabilitiesas of the 2019 fiscal year-end, which was the first year companies were required to implement the new lease accounting rules issued by the FASB. The amounts are reported in billions of U.S. dollars (source: SEC 10-K filings). What types of assets does Amazon lease? For Amazons fiscal year ending on December 31, 2021: 1. What amount did Amazon recognize for its operating lease liabilities? 2. What amount did Amazon recognize for its finance lease liabilities? 3. What were the (average) discount rates used to compute the present value of lease liabilities? Note: you will need to review the notes to the financial statements (i.e., Note 4 Leases) contained in Amazons 2021 10-K to obtain the answers. As you will see, Amazons Balance Sheet presents only aggregate information, which is not sufficient for answering the above questions.

AMC Entertainment Holdings Inc. Crown Castle International Corp. Berkshire Hathaway Inc. United Airlines Holdings Inc. Home Depot Inc. Dollar Tree Inc. American Tower Corp. Delta Air Lines Inc. Dollar General Corp. Kroger Co. JPMorgan Chase & Co. TJX Companies Inc. American Airlines Group Inc. Bank Of America Corp. Facebook Inc. Alphabet Inc. McDonald's Corp. FedEx Corp. Microsoft Corp. T-Mobile US Inc. CVS HEALTH Corp. Verizon Communications Inc. AT&T Inc.

FY 2019 Lease Liability, Top 25 U.S. Companies Amazon.com Inc. $52,814,000,128.0 AT&T Inc. $27,288,999,936.0 Verizon Communications Inc. $22,769,999,872.0 CVS HEALTH Corp. $21,329,999,872.0 T-Mobile US Inc. $15,128,999,936.0 Microsoft Corp. $14,277,000,192.0 FedEx Corp. $14,261,999,616.0 McDonald's Corp. $13,378,799,616.0 Alphabet Inc. $12,124,000,256.0 Facebook Inc. $10,796,999,680.0 Bank Of America Corp. $10,099,999,744.0 American Airlines Group Inc. $9,799,000,064.0 TJX Companies Inc. $8,840,660,992.0 JPMorgan Chase & Co. $8,504,999,936.0 Kroger Co. $8,478,000,128.0 Dollar General Corp. $8,000,000,000.0 Delta Air Lines Inc. $7,149,000,192.0 American Tower Corp. $7,035,599,872.0 Dollar Tree Inc. $6,099,999,744.0 Home Depot Inc. $6,000,000,000.0 United Airlines Holdings Inc. $5,897,999,872.0 Berkshire Hathaway Inc. $5,881,999,872.0 Crown Castle International Corp. $5,809,999,872.0 AMC Entertainment Holdings Inc. $5,599,499,776.0 International Business Machines Corp. $5,463,pop,964.9 HI $0 $10 $20 $30 $40 $50 Lease Liability (Billions)