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Leases (Tables)

6 Months Ended

Jun. 30, 2019

Supplemental balance sheet information (in millions):

	Classification	June 30, 2019
Assets
Operating	Other assets	$	64
Finance	Property, plant and equipment, net		11
Total ROU assets		$	75
Liabilities
Current
Operating	Accrued liabilities	$	23
Finance	Other current liabilities		4
Long-term
Operating	Long-term operating lease liabilities		40
Finance	Other long-term liabilities		8
Total lease liabilities		$	75

Components of lease expense (in millions):

	Classification	Three Months Ended June 30, 2019		Six Months Ended June 30, 2019
Operating lease cost	Warehousing, selling and administrative	$	8	$	16
Finance lease ROU asset depreciation ⁽¹⁾	Warehousing, selling and administrative		1		2
Short-term lease cost	Warehousing, selling and administrative		1		3
Variable lease cost	Warehousing, selling and administrative		1		2

(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):

	Six Months Ended June 30, 2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	16
Financing cash flows from finance leases ⁽¹⁾		2
ROU assets obtained in exchange for new lease liabilities
Operating		10
Finance		13

(1)

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

Maturity of lease liabilities as of June 30, 2019 were as follows (in millions):

	Operating Lease					Finance Lease
2019	$	13		$	2
2020		23			5
2021		15			4
2022		9			1
2023		6			—
Thereafter		3			2
Total future lease payments		69			14
Less: interest		(6	)		(2		)
Present value of lease liabilities	$	63		$	12