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Excerpt from Delta Inc 2018 10K regarding Lease Positions Lease Position as of December 31, 2018 The table below presents the lease-related assets and liabilities
Excerpt from Delta Inc 2018 10K regarding Lease Positions Lease Position as of December 31, 2018 The table below presents the lease-related assets and liabilities recorded on the balance sheet. (in millions) Classification on the Balance Sheet December 31, 2018 Assets Operating lease assets Operating lease right-of-use assets 5.994 Finance lease assets Property and equipment, net 490 Total lease assets 6,484 Liabilities Current Operating Current maturities of operating leases 955 Current maturities of long-term debt and finance leases Finance 109 Noncurrent Operating Noncurrent operating leases 5,801 Long-term debt and finance leases Finance 294 Total lease liabilities 7,159 Undiscounted Cash Flows The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the finance lease liabilities and operating lease liabilities recorded on the balance sheet Finance Leases (in millions) Operating Leases 2019 1,172 S 127 1,000 2020 89 2021 819 75 2022 692 33 2023 654 27 4,200 Thereafter 111 Total minimum lease payments 8,537 462 Less: amount of lease payments representing interest (1,781) (59) Present value of future minimum lease payments 6,756 403 Less: current obligations under leases (955) (109) Long-term lease obligations 5,801 S 294 1. Delta has adopted the new lease accounting standards where both operating and finance type leases must be reported as information provided, provide the dollar amount that Delta reports on its balance sheet associated with leases an asset and liability on the balance sheet. Using the footnote 2. What are Delta's total estimated future minimum lease payments related to operating type leases? What are Delta's total estimated future minimum lease payments related to finance type leases? If these are future obligated payments, why are these amounts different from what is identified as a on Delta's balance sheet (per question 1
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