XML 22 R12.htm IDEA: XBRL DOCUMENT
v3.19.1

Leases (Notes) | 3 Months Ended
--- | ---
Mar. 31, 2019
Leases [Abstract] |
Leases | D. LEASES We have operating and finance leases primarily for corporate offices, manufacturing facilities, warehouses, vehicles, and equipment. Our leases have remaining lease terms of 1 year to 14 years, some of which may include one or more renewal options with terms to extend the lease for up to an additional 20 years, and some of which may include options to terminate the leases prior to their expiration. The components of lease cost were as follows, in millions:
|  | Three Months Ended March 31, 2019
Operating lease cost |  | $ | 16 |
Short-term lease cost |  | 2 |
Variable lease cost |  | 1 |
Finance lease cost: |  |
Amortization of right-of-use assets |  | 1 |
Interest on lease liabilities |  | — |
Supplemental cash flow information related to leases was as follows, in millions:
| Three Months Ended March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities: |
Operating cash flows for operating leases | $ | 15 |
Operating cash flows for finance leases | — |
Financing cash flows for finance leases | 1 |
ROU assets obtained in exchange for new lease obligations: |
Operating leases | $ | 2 |
Finance leases | — |
Certain other information related to leases was as follows:
| At March 31, 2019
Weighted-average remaining lease term: |
Operating leases | 9 years |
Finance leases | 10 years |
Weighted-average discount rate: |
Operating leases | 4.5 | %
Finance leases | 3.3 | %
Supplemental balance sheet information related to leases was as follows, in millions:
| At March 31, 2019
| Operating Leases |  | Finance Leases
Property and equipment, net | $ | — |  |  | $ | 37 |
Notes payable | — |  |  | 8 |
Accrued liabilities | 45 |  |  | — |
Long-term debt | — |  |  | 29 |
Other liabilities | 205 |  |  | — |
Gross ROU assets under finance leases recorded within property and equipment, net were $48 million, and accumulated amortization associated with these leases was $11 million, at March 31, 2019. D. LEASES (Concluded) At March 31, 2019, future maturities of lease liabilities (under ASC 842) were as follows, in millions:
| Operating Leases |  | Finance Leases
Year ending December 31, |  |  |
2019 (excluding the three-months ended March 31, 2019) | $ | 41 |  |  | $ | 8 |
2020 | 50 |  |  | 3 |
2021 | 43 |  |  | 3 |
2022 | 34 |  |  | 3 |
2023 | 23 |  |  | 4 |
Thereafter | 122 |  |  | 23 |
Total lease payments | 313 |  |  | 44 |
Less: imputed interest | (63 | ) |  | (7 | )
Total | $ | 250 |  |  | $ | 37 |
At December 31, 2018, future minimum operating lease payments (under ASC 840) were as follows, in millions: 2019 – $55 million; 2020 – $47 million; 2021 – $40 million; 2022 – $30 million; 2023 – $20 million; 2024 and beyond – $99 million.
Leases | LEASES We have operating and finance leases primarily for corporate offices, manufacturing facilities, warehouses, vehicles, and equipment. Our leases have remaining lease terms of 1 year to 14 years, some of which may include one or more renewal options with terms to extend the lease for up to an additional 20 years, and some of which may include options to terminate the leases prior to their expiration. The components of lease cost were as follows, in millions:
|  | Three Months Ended March 31, 2019
Operating lease cost |  | $ | 16 |
Short-term lease cost |  | 2 |
Variable lease cost |  | 1 |
Finance lease cost: |  |
Amortization of right-of-use assets |  | 1 |
Interest on lease liabilities |  | — |
Supplemental cash flow information related to leases was as follows, in millions:
| Three Months Ended March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities: |
Operating cash flows for operating leases | $ | 15 |
Operating cash flows for finance leases | — |
Financing cash flows for finance leases | 1 |
ROU assets obtained in exchange for new lease obligations: |
Operating leases | $ | 2 |
Finance leases | — |
Certain other information related to leases was as follows:
| At March 31, 2019
Weighted-average remaining lease term: |
Operating leases | 9 years |
Finance leases | 10 years |
Weighted-average discount rate: |
Operating leases | 4.5 | %
Finance leases | 3.3 | %
Supplemental balance sheet information related to leases was as follows, in millions:
| At March 31, 2019
| Operating Leases |  | Finance Leases
Property and equipment, net | $ | — |  |  | $ | 37 |
Notes payable | — |  |  | 8 |
Accrued liabilities | 45 |  |  | — |
Long-term debt | — |  |  | 29 |
Other liabilities | 205 |  |  | — |
Gross ROU assets under finance leases recorded within property and equipment, net were $48 million, and accumulated amortization associated with these leases was $11 million, at March 31, 2019. D. LEASES (Concluded) At March 31, 2019, future maturities of lease liabilities (under ASC 842) were as follows, in millions:
| Operating Leases |  | Finance Leases
Year ending December 31, |  |  |
2019 (excluding the three-months ended March 31, 2019) | $ | 41 |  |  | $ | 8 |
2020 | 50 |  |  | 3 |
2021 | 43 |  |  | 3 |
2022 | 34 |  |  | 3 |
2023 | 23 |  |  | 4 |
Thereafter | 122 |  |  | 23 |
Total lease payments | 313 |  |  | 44 |
Less: imputed interest | (63 | ) |  | (7 | )
Total | $ | 250 |  |  | $ | 37 |
At December 31, 2018, future minimum operating lease payments (under ASC 840) were as follows, in millions: 2019 – $55 million; 2020 – $47 million; 2021 – $40 million; 2022 – $30 million; 2023 – $20 million; 2024 and beyond – $99 million.

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + 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 + Details
Name: | us-gaap_LesseeFinanceLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + 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 + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration