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Leases | 12 Months Ended
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Dec. 31, 2019
Leases [Abstract] |
Leases | Leases The Company adopted new guidance on lease accounting on January 1, 2019 on a modified retrospective basis, as discussed in Note A. Total operating lease expense under the previous guidance was $50 for each of the years ended December 31, 2018 and 2017. The components of lease expense for the year ended December 31, 2019 were as follows:
| 2019
Operating lease costs: |
Operating lease cost | $ | 49 |
Short-term lease cost | 4 |
Total operating lease costs | $ | 53 |
Finance lease cost: |
Amortization of right-of-use assets | $ | 1 |
Total finance lease costs | $ | 1 |
Variable operating lease costs were $3 for the year ended December 31, 2019. Interest on finance lease liabilities was less than $1 for the year ended December 31, 2019. Supplemental cash flow information related to leases was as follows:
| 2019
Cash paid for amounts included in the measurement of lease liabilities: |
Operating cash flows from operating leases | $ | 51 |
Financing cash flows from finance leases | 15 |
Right-of-use assets obtained in exchange for lease obligations: |
Operating leases | $ | 33 |
Operating cash flows from finance leases were less than $1 for the year ended December 31, 2019. Supplemental balance sheet information related to leases was as follows:
| 2019
Operating leases: |
Operating lease right-of-use assets | $ | 204 |
Current portion of operating lease liabilities | $ | 51 |
Non-current portion of operating lease liabilities | 156 |
Total operating lease liabilities | $ | 207 |
Finance leases: |
Property, plant and equipment | $ | 27 |
Accumulated depreciation | (1 | )
Property, plant and equipment, net | $ | 26 |
Accrued liabilities | $ | 2 |
Other non-current liabilities | 11 |
Total finance lease liabilities | $ | 13 |
Weighted average remaining lease term: |
Operating leases | 9.5 |
Finance leases | 7.0 |
Weighted average discount rate: |
Operating leases | 4.2 | %
Finance leases | 4.1 | %
Maturities of lease liabilities as of December 31, 2019 were as follows:
| Operating Leases |  | Finance Leases
2020 | $ | 53 |  |  | $ | 3 |
2021 | 42 |  |  | 2 |
2022 | 30 |  |  | 2 |
2023 | 22 |  |  | 2 |
2024 | 18 |  |  | 2 |
Thereafter | 100 |  |  | 4 |
Total lease payments | 265 |  |  | 15 |
Less imputed interest | (58 | ) |  | (2 | )
Total | $ | 207 |  |  | $ | 13 |
Maturities of lease liabilities as of December 31, 2018 were as follows:
| Operating Leases |  | Finance Leases
2019 | $ | 54 |  |  | $ | 5 |
2020 | 42 |  |  | 5 |
2021 | 34 |  |  | 5 |
2022 | 26 |  |  | 4 |
2023 | 21 |  |  | 4 |
Thereafter | 117 |  |  | 6 |
Total lease payments | $ | 294 |  |  | $ | 29 |
At December 31, 2019, the Company does not have material lease commitments that have not commenced.
Lesses | Leases The Company adopted new guidance on lease accounting on January 1, 2019 on a modified retrospective basis, as discussed in Note A. Total operating lease expense under the previous guidance was $50 for each of the years ended December 31, 2018 and 2017. The components of lease expense for the year ended December 31, 2019 were as follows:
| 2019
Operating lease costs: |
Operating lease cost | $ | 49 |
Short-term lease cost | 4 |
Total operating lease costs | $ | 53 |
Finance lease cost: |
Amortization of right-of-use assets | $ | 1 |
Total finance lease costs | $ | 1 |
Variable operating lease costs were $3 for the year ended December 31, 2019. Interest on finance lease liabilities was less than $1 for the year ended December 31, 2019. Supplemental cash flow information related to leases was as follows:
| 2019
Cash paid for amounts included in the measurement of lease liabilities: |
Operating cash flows from operating leases | $ | 51 |
Financing cash flows from finance leases | 15 |
Right-of-use assets obtained in exchange for lease obligations: |
Operating leases | $ | 33 |
Operating cash flows from finance leases were less than $1 for the year ended December 31, 2019. Supplemental balance sheet information related to leases was as follows:
| 2019
Operating leases: |
Operating lease right-of-use assets | $ | 204 |
Current portion of operating lease liabilities | $ | 51 |
Non-current portion of operating lease liabilities | 156 |
Total operating lease liabilities | $ | 207 |
Finance leases: |
Property, plant and equipment | $ | 27 |
Accumulated depreciation | (1 | )
Property, plant and equipment, net | $ | 26 |
Accrued liabilities | $ | 2 |
Other non-current liabilities | 11 |
Total finance lease liabilities | $ | 13 |
Weighted average remaining lease term: |
Operating leases | 9.5 |
Finance leases | 7.0 |
Weighted average discount rate: |
Operating leases | 4.2 | %
Finance leases | 4.1 | %
Maturities of lease liabilities as of December 31, 2019 were as follows:
| Operating Leases |  | Finance Leases
2020 | $ | 53 |  |  | $ | 3 |
2021 | 42 |  |  | 2 |
2022 | 30 |  |  | 2 |
2023 | 22 |  |  | 2 |
2024 | 18 |  |  | 2 |
Thereafter | 100 |  |  | 4 |
Total lease payments | 265 |  |  | 15 |
Less imputed interest | (58 | ) |  | (2 | )
Total | $ | 207 |  |  | $ | 13 |
Maturities of lease liabilities as of December 31, 2018 were as follows:
| Operating Leases |  | Finance Leases
2019 | $ | 54 |  |  | $ | 5 |
2020 | 42 |  |  | 5 |
2021 | 34 |  |  | 5 |
2022 | 26 |  |  | 4 |
2023 | 21 |  |  | 4 |
Thereafter | 117 |  |  | 6 |
Total lease payments | $ | 294 |  |  | $ | 29 |
At December 31, 2019, the Company does not have material lease commitments that have not commenced.

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- 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
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- 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
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