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Leases (Tables) | 12 Months Ended
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Dec. 31, 2019
Leases [Abstract] |
Schedule of Lease Assets and Lease Liabilities and their Balance Sheet Location | The following table sets forth the Company’s lease assets and lease liabilities and their balance sheet location at December 31, 2019.
|  | Balance Sheet Location |  | December 31, 2019 |
Lease assets: |  |  |  |  |  |
Operating lease right-of-use assets |  | Operating lease right-of-use assets |  | $ | 294 |
Finance lease assets |  | Property, plant, and equipment, net (Note 13) |  |  | 58 |
Total lease assets |  |  |  | $ | 352 |
Lease liabilities: |  |  |  |  |  |
Current: |  |  |  |  |  |
Operating lease liabilities |  | Other accrued liabilities (Note 19) |  | $ | 66 |
Finance lease liabilities |  | Short-term and current maturities of long-term debt (Note 20) |  |  | 5 |
Total current lease liabilities |  |  |  |  | 71 |
Non-current: |  |  |  |  |  |
Operating lease liabilities |  | Operating lease liabilities |  |  | 245 |
Finance lease liabilities |  | Long-term debt, net (Note 20) |  |  | 54 |
Total non-current lease liabilities |  |  |  |  | 299 |
Total lease liabilities |  |  |  | $ | 370 |
Schedule of Components of Company's Lease Cost | The following table sets forth the components of the Company’s lease cost for the year ended December 31, 2019.
|  | Year Ended |
|  | December 31, 2019 |
Operating lease cost |  | $ | 99 |
Short-term lease cost |  |  | 5 |
Variable lease cost |  |  | 16 |
Finance lease cost: |  |  |  |
Amortization of lease assets |  |  | 5 |
Interest on lease liabilities |  |  | 2 |
Total lease cost |  | $ | 127 |
Schedule of Cash Flows Related to Company's Leases | The following table sets forth the cash flows related to the Company’s leases for the year ended December 31, 2019.
|  | Year Ended |
|  | December 31, 2019 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |
Operating cash flows from operating leases |  | $ | 101 |
Operating cash flows from finance leases |  |  | 2 |
Financing cash flows from finance leases |  |  | 3 |
Non-cash lease liabilities activity: |  |  |  |
Leased assets obtained in exchange for new operating lease liabilities |  | $ | 48 |
Leased assets obtained in exchange for new finance lease liabilities |  |  | 62 |
Schedule of Weighted-Average Term and Weighted-Average Discount Rate For Company's Leases | The following table sets forth the weighted-average term and weighted-average discount rate for the Company’s leases at December 31, 2019.
|  | December 31, 2019 |
Weighted-average remaining lease term (years): |  |  |  |
Operating leases |  |  | 8.5 |
Finance leases |  |  | 9.2 |
Weighted-average discount rate: |  |  |  |
Operating leases |  |  | 5.10 | %
Finance leases |  |  | 5.90 | %
Schedule of Company's Lease Liabilities' Maturities for Next Five Years and Thereafter | The following table sets forth the Company’s lease liabilities’ maturities for the next five years and thereafter.
|  | As of December 31, 2019 |
|  | Operating Leases |  |  | Finance Leases |  |  | Total |
2020 |  | $ | 82 |  |  | $ | 9 |  |  | $ | 91 |
2021 |  |  | 66 |  |  |  | 8 |  |  |  | 74 |
2022 |  |  | 49 |  |  |  | 8 |  |  |  | 57 |
2023 |  |  | 35 |  |  |  | 8 |  |  |  | 43 |
2024 |  |  | 29 |  |  |  | 8 |  |  |  | 37 |
Thereafter |  |  | 118 |  |  |  | 35 |  |  |  | 153 |
Total lease payments |  |  | 379 |  |  |  | 76 |  |  |  | 455 |
Less: Imputed interest |  |  | 68 |  |  |  | 17 |  |  |  | 85 |
Present value of lease liabilities |  | $ | 311 |  |  | $ | 59 |  |  | $ | 370 |
Schedule of Company's Lease Liabilities' Maturities for Subsequent Five Years and Thereafter under Previous Lease Accounting Standard | Prior to the adoption of ASU No. 2016-02, the following table set forth the Company’s lease liabilities’ maturities for the subsequent five years and thereafter.
|  | As of December 31, 2018 |
|  | Operating Leases |  |  | Finance Leases |  |  | Total |
2019 |  | $ | 92 |  |  | $ | — |  |  | $ | 92 |
2020 |  |  | 70 |  |  |  | 2 |  |  |  | 72 |
2021 |  |  | 59 |  |  |  | — |  |  |  | 59 |
2022 |  |  | 42 |  |  |  | — |  |  |  | 42 |
2023 |  |  | 27 |  |  |  | — |  |  |  | 27 |
Thereafter |  |  | 134 |  |  |  | — |  |  |  | 134 |
Total lease payments |  | $ | 424 |  |  | $ | 2 |  |  | $ | 426 |
Summary of Future Minimum Lease Payments Related to Chemours Discovery Hub Financing Obligation | The following table sets forth the Company’s minimum future payments due for the next five years and thereafter related to the Chemours Discovery Hub financing obligation.
|  | December 31, 2019 |
2020 |  | $ | 6 |
2021 |  |  | 7 |
2022 |  |  | 7 |
2023 |  |  | 7 |
2024 |  |  | 7 |
Thereafter |  | 160 |
Total payments |  | $ | 194 |

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