Gross cash proceeds at closing

  
The following table presents the components of lease expense:

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Years Ended December 31, |
| Lease cost |  | Income Statement Classification |  | 2021 |  | 2020 |  | 2019 |
|  |  |  |  | (in millions) |
| Operating lease cost |  | General and administrative expense |  | $ | 57  |  |  | $ | 57  |  |  | $ | 58  |  |
| Finance lease costs: |  |  |  |  |  |  |  |  |
| Amortization of ROU assets |  | General and administrative expense |  | 13  |  |  | 10  |  |  | 8  |  |
| Interest on lease liabilities |  | Interest and debt expense |  | 2  |  |  | 2  |  |  | 2  |  |
| Total lease cost |  |  |  | $ | 72  |  |  | $ | 69  |  |  | $ | 68  |  |

The following table presents the weighted-average lease term and weighted-average discount rate related to operating and finance leases:

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | December 31, 2021 |  | December 31, 2020 |
| Lease term and discount rate |  | Finance Leases |  | Operating Leases |  | Finance Leases |  | Operating Leases |
| Weighted-average remaining lease term (years) |  | 3.8 |  | 7.2 |  | 4.8 |  | 5.8 |
| Weighted-average discount rate |  | 3.4  | % |  | 2.1  | % |  | 3.4  | % |  | 2.6  | % |

The following table presents supplemental cash flow information related to operating and finance leases: 

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | Years Ended December 31, |
| Supplemental cash flow information |  | 2021 |  | 2020 |  | 2019 |
|  |  | (in millions) |
| Operating cash flows: |  |  |  |  |  |  |
| Cash paid for amounts included in measurement of operating lease liabilities |  | $ | 50  |  |  | $ | 65  |  |  | $ | 62  |  |
| Cash paid for amounts included in measurement of finance lease liabilities |  | 2  |  |  | 2  |  |  | 2  |  |
| Financing cash flows: |  |  |  |  |  |  |
| Cash paid for amounts included in measurement of finance lease liabilities |  | $ | 9  |  |  | $ | 12  |  |  | $ | 13  |  |

The following table presents the maturities of lease liabilities:

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Maturity of Lease Liabilities |  | December 31, 2021 |
| Finance Leases |  | Operating Leases |
|  |  | (in millions) |
| 2022 |  | $ | 11  |  |  | $ | 68  |  |
| 2023 |  | 11  |  |  | 61  |  |
| 2024 |  | 11  |  |  | 51  |  |
| 2025 |  | 10  |  |  | 45  |  |
| 2026 |  | —  |  |  | 38  |  |
| Thereafter |  | —  |  |  | 104  |  |
| Total lease payments |  | 43  |  |  | 367  |  |
| Less: Interest |  | 3  |  |  | 26  |  |
| Present value of lease liabilities |  | $ | 40  |  |  | $ | 341  |  |

19.  Disposal of Business On October 1, 2019, the Company completed the sale of AAH to American Family Insurance Mutual Holding Company (American Family Insurance). The Company received gross proceeds of $1.1 billion in cash at closing. After a payment to an affinity partner, the net proceeds were $1.0 billion. The Company recognized a gain on disposal of $213 million in the fourth quarter of 2019, which is net of the $100 million payment to an affinity partner. 20. Share-Based Compensation The Company’s share-based compensation plans consist of the Amended and Restated Ameriprise Financial 2005 Incentive Compensation Plan (the “2005 ICP”), the Ameriprise Financial 2008 Employment Incentive Equity Award Plan (the “2008 Plan”), the Ameriprise Financial Franchise Advisor Deferred Compensation Plan (“Franchise Advisor Deferral Plan”) and the Ameriprise Advisor Group Deferred Compensation Plan (“Advisor Group Deferral Plan”).        131
