Analyzing and Interpreting Footnote on Operating and Capital Leases

Verizon Communications Inc. provides the following footnote relating to adoption of the new lease accounting standards $($Topic $842)$ in its $10-$Q report for the quarter ended March $31,2019.$

The cumulative after$-$tax effect of the changes made to our condensed consolidated balance sheet for the adoption of Topic $842$ were as follows:

Adjustments

$($$ millions$)$ At Dec. $31,2018$ due to Topic $842$ At Jan. $1,2019$

Prepaid expenses and other $$4,908$ $$(296)$ $$4,612$

Operating lease right$-$of$-$use assets $-20,91720,917$

Other assets $10,545(1,843)8,702$

Accounts payable and accrued liabilities $22,501(3)22,498$

Other current liabilities $8,239(2)8,237$

Current operating lease liabilities $-2,6382,638$

Deferred income taxes $33,79513933,934$

Noncurrent operating lease liabilities $-17,28317,283$

Other liabilities $13,922(1,815)12,107$

Retained earnings $39,18836939,557$

Noncontrolling interests $1,40911,410$

Rent expense for operating leases is recognized on a straight$-$line basis over the term of the lease and is included in either Cost of services of Selling, general and administrative expense in our condensed consolidated statements of income, based on the use of the facility on which rent is being paid.

What is the amount of the right$-$of$-$use asset the company added to its balance sheet upon adoption of the new standard?Question $4$ Answer saved Marked out of $2\mathrm{.}50,$ P Flag question

Analyzing and Interpreting Footnote on Operating and Capital Leases

Verizon Communications Inc. provides the following footnote relating to adoption of the new lease accounting standards $($Topic $842)$ in its $10-$Q report for the quarter ended March $31,2019.$

The cumulative after$-$tax effect of the changes made to our condensed consolidated balance sheet for the adoption of Topic $842$ were as follows:

on which rent is being paid.

What is the amount of the right$-$of$-$use asset the company added to its balance sheet upon adoption of the new standard?

$ nillion

What is the amount of the total operating lease liabilities the company added to its balance sheet upon adoption of the new standard?

$ million