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Leasing (Tables) | 6 Months Ended
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Jun. 30, 2021
Leases [Abstract] |
Schedule of Lease Expense and Operating Cash Flows | Lease expense and operating cash flows include:
|  | Second quarter ended June 30, |  |  | Six months ended June 30, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Costs from operating leases |  | $ | 17 |  |  | $ | 20 |  |  | $ | 38 |  |  | $ | 38 |
Variable lease payments |  | $ | 4 |  |  | $ | 1 |  |  | $ | 5 |  |  | $ | 5 |
Short-term rental expense |  | $ | 1 |  |  | $ | — |  |  | $ | 1 |  |  | $ | 1 |
Schedule of Weighted Average Lease Term and Weighted Average Discount Rate | The weighted average lease term and weighted average discount rate as of June 30, 2021 and December 31, 2020 were as follows:
|  | June 30, 2021 |  |  | December 31, 2020 |
Weighted average lease term for operating leases (years) |  |  | 4.8 |  |  |  | 4.4 |
Weighted average discount rate for operating leases |  | 5.2% |  |  | 5.2% |
Schedule of Aggregate Right-of Use Assets and Related Lease Obligations | The following represents the aggregate right-of use assets and related lease obligations recognized in the Consolidated Balance Sheet at:
|  | June 30, 2021 |  |  | December 31, 2020 |
Properties, plants and equipment, net |  | $ | 122 |  |  | $ | 137 |
Other current liabilities |  | $ | 49 |  |  | $ | 60 |
Other noncurrent liabilities and deferred credits |  |  | 76 |  |  |  | 82 |
Total operating lease liabilities |  | $ | 125 |  |  | $ | 142 |
Schedule of Future Cash Flows Related to Operating Lease Obligations | The future cash flows related to the operating lease obligations as of June 30, 2021 were as follows:
2021 (excluding the six months ended June 30) |  | $ | 34 |
2022 |  |  | 37 |
2023 |  |  | 24 |
2024 |  |  | 15 |
2025 |  |  | 9 |
Thereafter |  |  | 23 |
Total lease payments (undiscounted) |  |  | 142 |
Less: discount to net present value |  |  | (17 | )
Total |  | $ | 125 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980 + Details
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