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Leases (Tables)

9 Months Ended

Sep. 30, 2019

Supplemental balance sheet information (in millions):

	Classification	September 30, 2019
Assets
Operating	Other assets	$	60
Finance	Property, plant and equipment, net		14
Total ROU assets		$	74
Liabilities
Current
Operating	Accrued liabilities	$	22
Finance	Other current liabilities		6
Long-term
Operating	Long-term operating lease liabilities		36
Finance	Other long-term liabilities		10
Total lease liabilities		$	74

Components of Lease Expense

Components of lease expense (in millions):

	Classification	Three Months Ended September 30, 2019		Nine Months Ended September 30, 2019
Operating lease cost ⁽¹⁾	Warehousing, selling and administrative	$	8	$	24
Finance lease ROU asset depreciation ⁽²⁾	Warehousing, selling and administrative		1		3
Short-term lease cost	Warehousing, selling and administrative		2		5
Variable lease cost	Warehousing, selling and administrative		1		3

(1)

Included in other, net adjustment to reconcile net income to net cash provided by (used in) operating activities in the consolidated statement of cash flows.

(2)

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

Supplemental cash flow information (in millions):

	Nine Months Ended September 30, 2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	24
Financing cash flows from finance leases ⁽¹⁾		3
ROU assets obtained in exchange for new lease liabilities
Operating		16
Finance		17

(1)

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

Maturity of Lease Liabilities

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

	Operating Lease			Finance Lease
2019	$	5		$	2
2020		24			6
2021		16			5
2022		10			3
2023		6			—
Thereafter		3			2
Total future lease payments		64			18
Less: interest		(6	)		(2	)
Present value of lease liabilities	$	58		$	16