Lease Accounting (Tables)

6 Months Ended

Jun. 30, 2019

The weighted average remaining lease terms and weighted average discount rates as of June 30, 2019 were as follows:



	June 30, 2019
Weighted-average remaining lease term (years):
Operating leases	22
Finance leases	10
Weighted-average discount rate (%):
Operating leases	5	%
Finance leases	8	%

Maturities of lease liabilities as of June 30, 2019 are as follows:



	Operating Leases		Finance Leases		Total
2019 (remainder)	$	55	$	1	$	56
2020	93		2		95
2021	84		2		86
2022	71		1		72
2023	67		1		68
Thereafter	1,152		6		1,158
Total lease payments	1,522		13		1,535
Less: present value discount	659		3		662
Present value of lease liabilities	$	863	$	10	$	873

Cash flows and non-cash activity related to leases for the six months ended June 30, 2019 were as follows:



	Six Months Ended June 30, 2019
Operating cash flows from operating leases	$	(79	)
Lease assets obtained in exchange for new lease liabilities	15

Future minimum operating lease payments receivable as of June 30, 2019 are as follows:



	Lease Receivables
2019 (remainder)	$	46
2020	72
2021	59
2022	53
2023	4
Thereafter	5
Total undiscounted cash flows	$	239

The components of operating and finance lease amounts recognized in the accompanying consolidated balance sheet as of June 30, 2019 were as follows:



	June 30, 2019
Operating leases:
Lease right-of-use assets, net	$	849
Operating lease current liabilities	59
Accrued and other current liabilities	1
Non-current operating lease liabilities	803
Finance leases:
Property, plant and equipment, net	$	2
Lease right-of-use assets, net	4
Accrued and other current liabilities	1
Long-term debt, less current maturities	7
Other non-current liabilities	2

The components of lease expense for the three and six months ended June 30, 2019 were as follows:



	Income Statement Location	Three Months Ended June 30, 2019		Six Months Ended June 30, 2019
Operating lease costs:
Operating lease cost	Cost of goods sold	$	8	$	16
Operating lease cost	Operating expenses	19		36
Operating lease cost	Selling, general and administrative	4		7
Total operating lease costs		31		59
Finance lease costs:
Amortization of lease assets	Depreciation, depletion and amortization	1		2
Interest on lease liabilities	Interest expense, net of capitalized interest	—		—
Total finance lease costs		1		2
Short-term lease cost	Operating expenses	12		23
Variable lease cost	Operating expenses	5		8
Lease costs, gross		49		92
Less: Sublease income	Other revenue	12		23
Lease costs, net		$	37	$	69