XML 62 R55.htm IDEA: XBRL DOCUMENT
v3.21.2

Leases (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2021
Leases [Abstract] |
Schedule of future undiscounted cash flows | For operating leases where we are the lessee, our future undiscounted cash flows as at June 30, 2021 are as follows:
(In $ millions) |  | Future cash flows
July 1 - December 31, 2021 |  | 22 |
Year ended December 31, 2022 |  | 51 |
Year ended December 31, 2023 |  | 2 |
Year ended December 31, 2024 |  | 1 |
Year ended December 31, 2025 and thereafter |  | — |
Total |  | 76 |
Schedule of reconciliation and supplementary information | The following table gives a reconciliation between the undiscounted cash flows and the related operating lease liability recognized in our Consolidated Balance Sheets as at June 30, 2021 and December 31, 2020:
(In $ millions) |  | As at June 30, 2021 |  | As at December 31, 2020
Total undiscounted cash flows |  | 76 |  |  | 79 |
Less: short term leases |  | — |  |  | — |
Less: discount |  | (5) |  |  | (11) |
Operating lease liability |  | 71 |  |  | 68 |
Of which: |  |  |  |
Current |  | 67 |  |  | 51 |
Non-current |  | 4 |  |  | 17 |
The following table gives supplementary information regarding our lease accounting for the six months ended June 30, 2021 and six months ended June 30, 2020:
(In $ million) |  |  |  |  |  | Six months ended June 30, 2021 |  | Six months ended June 30, 2020
Operating Lease Cost: |  |  |  |  |  |  |  |
Operating lease cost |  |  |  |  |  | 5 |  |  | 4 |
Short-term lease cost |  |  |  |  |  | — |  |  | — |
Total Lease cost |  |  |  |  |  | 5 |  |  | 4 |
Other information: |  |  |  |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities - Operating Cash flows |  |  |  |  |  | 5 |  |  | 4 |
Right-of-use assets obtained in exchange for operating lease liabilities during the period |  |  |  |  |  | — |  |  | — |
Weighted-average remaining lease term in months |  |  |  |  |  | 12 |  | 28
Weighted-average discount rate |  |  |  |  |  | 29 | % |  | 13 | %
Schedule of operating subleases | The estimated future undiscounted cash flows on these leases as at June 30, 2021 are as follows:
(In $ millions) |  | Future cash flows
July 1 - December 31, 2021 |  | 14 |
Year ended December 31, 2022 |  | 28 |
Year ended December 31, 2023 |  | 28 |
Year ended December 31, 2024 |  | 21 |
2024 and thereafter |  | 20 |
Total |  | 111 |

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=123408670&loc=SL77918686-209980 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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=123408670&loc=SL77918701-209980 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=124258985&loc=SL77919396-209981 + Details
Name: | us-gaap_LessorOperatingLeasePaymentsToBeReceivedMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration