Leases (Tables)

3 Months Ended

Mar. 31, 2019



			(Unaudited)
	As Reported		ASC 842			Adjusted
($ in millions)	December 31, 2018		Transition Adjustment			January 1, 2019
Assets
Other assets	$	265	$	205	(a)	$	470

Liabilities and Equity
Other current liabilities	$	394	$	32	(b)	$	426
Other liabilities	$	281	$	158	(c)	$	439
Deferred income taxes	$	1,109	$	4	(d)	$	1,113
Accumulated deficit	$	(2,752)	$	11	(e)	$	(2,741)

^(a)

Includes $205 million of operating ROU assets recorded upon adoption.

^(b)

Includes $46 million of operating lease liabilities, offset by $14 million reclassification of the current portion of deferred gains on sale of property.

^(c)

Includes $168 million of operating lease liabilities, offset by $1 million reclassification of deferred gains on sale of property and $9 million of deferred rent reclassified to Operating ROU assets.

^(d)

Represents the tax effect of the recognition of $15 million in deferred gains on sale of property to accumulated deficit.

^(e)

Includes the recognition of $15 million in deferred gains on the sale of property, offset by $4 million tax impact on the recognition of the gain.

Components Of Lease Cost



($ in millions)		For the three months ended March 31, 2019

Lease cost:
Finance lease cost:
Amortization of right-of-use assets	$	2
Interest on lease liabilities		4
Finance lease cost		6

Operating lease cost (1)		20

Sublease income		(4)

Total Lease cost	$	22

⁽¹⁾

Includes short-term lease cost of $1 million and variable lease cost of $3 million for the three months ended March 31, 2019.

Supplemental Balance Sheet Information Related To Leases



($ in millions)		March 31, 2019
Operating right-of-use assets	$	203	(c)
Finance right-of-use assets	$	185	(d)

Operating lease liabilities	$	208	(a)
Finance lease liabilities	$	185	(b)

Operating leases:
Weighted-average remaining lease term		7.79	years
Weighted-average discount rate		8.37	%

Finance leases:
Weighted-average remaining lease term		9.87	years
Weighted-average discount rate		7.95	%

^(a)

This amount represents $45 million and $163 million included in other current liabilities and other liabilities, respectively, on our March 31, 2019 consolidated balance sheet.

^(b)

This amount represents $35 million and $150 million included in other current liabilities and other liabilities, respectively, on our March 31, 2019 consolidated balance sheet.

^(c)

Operating ROU assets are included in Other assets on our consolidated balance sheet.

^(d)

Finance ROU assets are included in Property, plant, and equipment on our March 31, 2019 consolidated balance sheet.

Supplemental Cash Flow Information Related To Leases



($ in millions)		For the three months ended March 31, 2019

Cash paid for amount included in the measurement
of lease liabilities, net of amounts received as
revenue:
Operating cash flows provided by operating leases	$	18
Operating cash flows used by operating leases	$	(19)
Operating cash flows used by finance leases	$	(4)
Financing cash flows used by finance leases	$	(8)

Right-of-use assets obtained in exchange for lease
liabilities:
Operating leases	$	3
Finance leases	$	4

Maturity Analysis For Operating and Finance Lease Liabilities



		Operating		Finance
($ in millions)		Leases		Leases
Future maturities:
2019 (remaining months)	$	39	$	35
2020		42		36
2021		38		30
2022		35		25
2023		32		21
Thereafter		96		115
Total lease payments		282		262
Less: imputed interest		(74)		(77)
Present value of lease liabilities	$	208	$	185

Maturity Analysis For Operating Leases From Customers



	Operating
($ in millions)	Lease Payments
Future maturities of lease payments from customers:
2019 (remaining nine months)	$	8
2020		10
2021		10
2022		10
2023		10
Thereafter		8
Total lease payments from customers	$	56