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Summary of Significant Accounting Policies (Tables) | 6 Months Ended
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Jun. 30, 2019
Accounting Policies [Abstract] |
Summary of assets and liabilities measured at fair value | Our assets and liabilities measured at fair value were as follows:
| June 30, 2019 |  | December 31, 2018
| Level 1 |  | Level 2 |  | Level 3 |  | Total Fair Value |  | Level 1 |  | Level 2 |  | Level 3 |  | Total Fair Value
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pandora investment (a) | — |  |  | — |  |  | — |  |  | $ | — |  |  | — |  |  | $ | 523 |  |  | — |  |  | $ | 523 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt (b) | — |  |  | $ | 8,146 |  |  | — |  |  | $ | 8,146 |  |  | — |  |  | $ | 6,633 |  |  | — |  |  | $ | 6,633 |
(a) | During the year ended December 31, 2017, Sirius XM completed a $480 preferred stock investment in Pandora. Prior to the Pandora Acquisition, we elected the fair value option to account for this investment. This investment was canceled in conjunction with the Pandora Acquisition. Refer to Note 2 for information on this acquisition.
(b) The fair value for non-publicly traded debt is based upon estimates from a market maker and brokerage firm. Refer to Note 12 for information related to the carrying value of our debt as of June 30, 2019 and December 31, 2018.
Schedule of new ASU adoption impact on financial statements |
| Balance at December 31, 2018 |  | Adjustments Due to ASU 2016-02 |  | Balance at January 1, 2019
Balance Sheet |  |  |  |  |
Assets: |  |  |  |  |
Operating lease right-of-use assets | $ | — |  |  | $ | 347 |  |  | $ | 347 |
Liabilities: |  |  |  |  |
Accounts payable and accrued expenses | $ | 736 |  |  | $ | (1 | ) |  | $ | 735 |
Operating lease current liabilities | — |  |  | 30 |  |  | 30 |
Operating lease liabilities | — |  |  | 339 |  |  | 339 |
Other long-term liabilities | 102 |  |  | (21 | ) |  | 81 |

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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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