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Leases (Tables)

3 Months Ended

Mar. 31, 2019

Supplemental balance sheet information (in millions):

	Classification	March 31, 2019
Assets
Operating	Other assets	$	63
Finance	Property, plant and equipment, net		7
Total ROU assets		$	70
Liabilities
Current
Operating	Accrued liabilities	$	22
Finance	Other current liabilities		3
Long-term
Operating	Long-term operating lease liabilities		40
Finance	Other long-term liabilities		5
Total lease liabilities		$	70

Components of lease expense (in millions):

	Classification	Three Months Ended March 31, 2019
Operating lease cost	Warehousing, selling and administrative	$	8
Finance lease ROU asset depreciation ⁽¹⁾	Warehousing, selling and administrative		1
Short-term lease cost	Warehousing, selling and administrative		2
Variable lease cost	Warehousing, selling and administrative		1

(1)

Included in depreciation and amortization in the consolidated statement of cash flows. Interest on finance lease liabilities is less than $1 million.

Supplemental cash flow information (in millions):

	Three Months Ended March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	8
Financing cash flows from finance leases ⁽¹⁾		1
ROU assets obtained in exchange for new lease liabilities
Operating		4
Finance		8

(1)

Interest payments from finance lease liabilities is less than $1 million.

Maturity of lease liabilities as of March 31, 2019 were as follows (in millions):

	Operating Lease			Finance Lease
2019	$	19		$	2
2020		20			3
2021		12			2
2022		8			1
2023		6			—
Thereafter		4			2
Total future lease payments		69			10
Less: interest		(7	)		(2	)
Present value of lease liabilities	$	62		$	8