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Leases (Tables)

9 Months Ended

Sep. 30, 2019

Leases

Schedule of components of lease expense

​

​	​	​	​	​	​	​
​	​	Three months ended		​	​	Nine months ended
​	​	September 30,		​	​	September 30,
​		2019			​	2019
Lease cost	​	​	​	​	​	​
Finance lease cost:	​	​	​	​	​	​
Amortization of right-of-use assets (included in Cost of goods sold and Selling and administrative expense)	​	$	2	​	$	5
Interest on lease liabilities (included in Interest expense, net)	​	​	​	​	​	1
Operating lease cost (included in Cost of goods sold and Selling and administrative expense)	​	​	21	​	​	63
Total lease cost	​	$	23	​	$	69
​	​	​	​	​	​	​

​

​	​	​	​
​	​	​	Nine months ended
​	​	​	September 30,
​	​	​	2019
Other information	​	​	​
Cash paid for amounts included in the measurement of lease liabilities:	​	​	​
Operating cash flows from operating leases	​	$	63
Operating cash flows from finance leases	​	​	1
Financing cash flows from finance leases	​	​	5
Right-of-use assets obtained in exchange for new operating lease liabilities	​	​	31

Schedule of supplemental balance sheet information

​

​	​	​	​	​
​	​	​
​		September 30, 2019
Supplemental balance sheet information	​		​	​
Operating leases:	​	​	​	​
Operating lease right-of-use assets (included in Other assets)	​	$	186	​
​	​	​	​	​
Current operating lease liabilities (included in Other current liabilities)	​	​	63	​
Noncurrent operating lease liabilities (included in Other long-term liabilities)	​	​	123	​
Total operating lease liabilities	​	$	186	​
​	​	​	​	​
Finance leases:	​	​	​	​
Property, plant and equipment	​	$	77	​
Accumulated amortization	​	​	(31)	​
Property, plant and equipment, net	​	​	46	​
​	​	​	​	​
Current finance lease liabilities (included in Long-term debt due within one year)	​	​	6	​
Noncurrent finance lease liabilities (included in Long-term debt)	​	​	37	​
Total finance lease liabilities	​	$	43	​
​	​	​	​	​
Weighted-average remaining lease term (in years):	​	​	​	​
Operating leases	​	​	4.8	​
Finance leases	​	​	6.0	​
Weighted-average discount rate:	​	​	​	​
Operating leases	​	​	3.8	%
Finance leases	​	​	4.6	%
​	​	​	​	​

Schedule of finance leases maturities of lease liabilities

​

​	​	​	​	​	​	​	​
Maturity of lease liabilities	​	​	Operating leases	​	​	Finance leases	​
2019	​	$	19	​	$	2	​
2020	​	​	64	​	​	9	​
2021	​	​	40	​	​	8	​
2022	​	​	30	​	​	8	​
2023	​	​	19	​	​	7	​
2024 and thereafter	​	​	32	​	​	19	​
Total lease payments	​	​	204	​	​	53	​
Less: imputed interest	​	​	(18)	​	​	(10)	​
Total lease obligations	​	$	186	​	$	43	​
​	​	​	​	​	​	​	​
Minimum payments related to leases not yet commenced as of September 30, 2019	​	$	-	​	$	130	​
​	​	​	​	​	​	​	​

X

- Definition

Tabular disclosure of lessee's supplemental balance sheet information related to leases.

+ References

No definition available.

+ Details

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Namespace Prefix:	oi_
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X

- Definition

Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance 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=77888426&loc=SL77918701-209980

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X

- 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=77888426&loc=SL77918686-209980

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- References

No definition available.

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