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Leases

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Leases of Lessee Disclosure

Leases

We have entered into leases for certain facilities, vehicles, material handling and other equipment. Our leases have remaining contractual terms up to 19 years, some of which include options to extend the leases for up to 20 years, and some of which include options to terminate the leases within 1 year. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. Our operating lease costs are primarily related to facility leases for inventory warehousing and administration offices, and our finance leases are immaterial.

Operating Lease Cost

		Three Months Ended June 30, 2019				Six Months Ended June 30, 2019				Income Statement Classification
Lease cost		$	40			$	79			Cost of products sold, Marketing, research and general expenses
Variable lease cost(a)		35				72				Cost of products sold, Marketing, research and general expenses
Total lease cost		$	75			$	151

(a)    Includes short-term leases, which are immaterial.

Operating Lease Assets and Liabilities

		June 30, 2019				Balance Sheet Classification
Lease assets		$	416			Other Assets
Current lease liabilities		$	136			Accrued expenses and other current liabilities
Noncurrent lease liabilities		291				Other Liabilities
Total lease liabilities		$	427

Maturity of Operating Lease Liabilities

		June 30, 2019
2019		$	79
2020		133
2021		90
2022		63
2023		44
Thereafter		74
Total lease payments		483
Less imputed interest		56
Present value of lease liabilities		$	427

As of June 30, 2019, our operating leases have a weighted-average remaining lease term of 4.4 years and a weighted-average discount rate of 5.2 percent. Cash paid for amounts included in the measurement of operating lease liabilities was $80 for the six months ended June 30, 2019.

As of June 30, 2019, we have additional operating leases, primarily for facilities, that have not yet commenced of $96. These operating leases will commence during 2020 with lease terms of 7 years.

The future minimum obligations under operating leases in effect as of December 31, 2018 having a noncancelable term in excess of one year as determined prior to the adoption of ASU 842 are as follows:

		December 31, 2018
2019		$	160
2020		123
2021		85
2022		57
2023		41
Thereafter		72
Future minimum obligations		$	538

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- References

No definition available.

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- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-URI http://asc.fasb.org/subtopic&trid=77888251

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-URI http://asc.fasb.org/topic&trid=2208923

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