XML 56 R36.htm IDEA: XBRL DOCUMENT

Leases (Tables)

6 Months Ended

Jun. 30, 2019



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

Liabilities and Equity (Deficit)
Other current liabilities	$	394	$	32	⁽²⁾	$	426
Other liabilities	$	281	$	158	⁽³⁾	$	439
Deferred income taxes	$	1,109	$	4	⁽⁴⁾	$	1,113
Accumulated deficit	$	(2,752)	$	11	⁽⁵⁾	$	(2,741)

⁽¹⁾Includes $205 million of operating Right-of-use (ROU) assets recorded upon adoption.

⁽²⁾Includes $46 million of operating lease liabilities, partially offset by $14 million reclassification of the current portion of deferred gains on sale of property.

⁽³⁾Includes $168 million of operating lease liabilities, partially offset by $1 million reclassification of deferred gains on sale of property and $9 million of deferred rent reclassified to Operating ROU assets.

⁽⁴⁾Represents the tax effect of the recognition of $15 million in deferred gains on sale of property to accumulated deficit.

⁽⁵⁾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


	For the three months ended		For the six months ended
($ in millions)	June 30, 2019		June 30, 2019

Lease cost:
Finance lease cost:
Amortization of right-of-use assets	$	4	$	6
Interest on lease liabilities		4		8
Finance lease cost		8		14

Operating lease cost ⁽¹⁾		17		37

Sublease income		(3)		(7)

Total Lease cost	$	22	$	44

⁽¹⁾Includes short-term lease cost of $1 million and $2 million and variable lease cost of $1 million and $4 million for the three and six months ended June 30, 2019, respectively.

Supplemental Balance Sheet Information Related To Leases



($ in millions)	June 30, 2019

Operating right-of-use assets	$	198	⁽¹⁾
Finance right-of-use assets	$	165	⁽²⁾

Operating lease liabilities	$	204	⁽³⁾
Finance lease liabilities	$	159	⁽⁴⁾

Operating leases:
Weighted-average remaining lease term		7.80	years
Weighted-average discount rate		8.29	%

Finance leases:
Weighted-average remaining lease term		9.10	years
Weighted-average discount rate		7.98	%

⁽¹⁾Operating ROU assets are included in Other assets on our consolidated balance sheet.

⁽²⁾Finance ROU assets are included in Property, plant, and equipment on our June 30, 2019 consolidated balance sheet.

⁽³⁾This amount represents $44 million and $160 million included in other current liabilities and other liabilities, respectively, on our June 30, 2019 consolidated balance sheet.

⁽⁴⁾This amount represents $28 million and $131 million included in other current liabilities and other liabilities, respectively, on our June 30, 2019 consolidated balance sheet.

Supplemental Cash Flow Information Related To Leases



	For the six months ended
($ in millions)	June 30, 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	$	35
Operating cash flows used by operating leases	$	(34)
Operating cash flows used by finance leases	$	(8)
Financing cash flows used by finance leases	$	(17)

Right-of-use assets obtained in exchange for lease
liabilities:
Operating leases	$	19
Finance leases	$	18

Maturity Analysis For Operating and Finance Lease Liabilities



		Operating		Finance
($ in millions)		Leases		Leases
Future maturities:
2019 (remaining six months)	$	23	$	20
2020		42		33
2021		37		28
2022		34		23
2023		32		20
Thereafter		104		104
Total lease payments		272		228
Less: imputed interest		(68)		(69)
Present value of lease liabilities	$	204	$	159

Maturity Analysis For Operating Leases From Customers



	Operating
($ in millions)	Lease Payments
Future maturities of lease payments from customers:
2019 (remaining six months)	$	5
2020		10
2021		10
2022		10
2023		10
Thereafter		9
Total lease payments from customers	$	54

(10)