Leases (Tables)

12 Months Ended

Dec. 31, 2020

Supplemental balance sheet information is as follows (in millions):

		December 31,
	Classification	2020		2019
Assets
Operating	Other assets	$	41	$	56
Finance	Property, plant and equipment, net		10		16
Total ROU assets		$	51	$	72

Liabilities
Current
Operating	Accrued liabilities	$	17	$	21
Finance	Other current liabilities		5		7
Long-term
Operating	Long-term operating lease liabilities		25		34
Finance	Other long-term liabilities		6		10
Total lease liabilities		$	53	$	72

Components of Lease Expense

Components of lease expense is as follows (in millions):

		Year Ended December 31,
	Classification	2020		2019
Operating lease cost ⁽¹⁾	Warehousing, selling and administrative	$	26	$	31
Finance lease ROU asset depreciation ⁽²⁾	Warehousing, selling and administrative		7		5
Short-term lease cost	Warehousing, selling and administrative		6		7
Variable lease cost	Warehousing, selling and administrative		2		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 approximately $1 million.

Supplemental Cash Flow Information

Supplemental cash flow information is as follows (in millions):

	Year Ended December 31,
	2020		2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	27	$	31
Financing cash flows from finance leases ⁽¹⁾		7		5
ROU assets obtained in exchange for new lease liabilities
Operating	$	10	$	17
Finance		2		20

⁽¹⁾ Interest payments from finance lease liabilities is approximately $1 million.

Maturity of Lease Liabilities

Maturity of lease liabilities as of December 31, 2020 were as follows (in millions):

	Operating Lease			Finance Lease
2021	$	19		$	6
2022		14			4
2023		9			1
2024		3			—
2025		—			—
Thereafter		1			2
Total future lease payments		46			13
Less: interest		(4	)		(2	)
Present value of lease liabilities	$	42		$	11