American Airlines included the table below in its most recent annual report. As of December 31, 2018, total assets were $60,580,000,000 and total liabilities were $60,749,000,000. Stockholders equity was negative $169,000,000.

The balance sheet includes $7,902,000,000 for operating leases under the new accounting standard along with the $613,000,000 for finance leases presented below. Last year the operating lease amount was not included among the assets and liabilities for American.

Comment briefly on how the inclusion of operating leases (under the new definition) on the balance sheet changes the information available for analysis.

December 31, 2018 Operating Leases Finance Leases 2019 2020 2021 2022 2023 2024 and thereafter 3,620 11,699 (2,143) 9,556 (1,654) 7,902 $ 1,912$ 1,838 1,636 1.438 124 120 118 122 105 282 871 17) 694 (81) 613 Total lease payments Total lease obligations Long-term lease obligations Less: Imputed interest Less: Current obligations