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Leases (Tables)

9 Months Ended

Sep. 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 recognition of the current portion of deferred gains on sale of property to accumulated deficit.

⁽³⁾Includes $168 million of operating lease liabilities, partially offset by $1 million recognition of deferred gains on sale of property to accumulated deficit and $9 million of deferred rent reclassified to Operating Right-of-use 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, partially offset by $4 million tax impact on the recognition of the gain.

Components Of Lease Cost


	For the three months ended		For the nine months ended
($ in millions)	September 30, 2019		September 30, 2019

Lease cost:
Finance lease cost:
Amortization of right-of-use assets	$	3	$	9
Interest on lease liabilities		3		11
Finance lease cost		6		20

Operating lease cost ⁽¹⁾		19		56

Sublease income		(2)		(9)

Total Lease cost	$	23	$	67

⁽¹⁾Includes short-term lease cost of $0 and $2 million and variable lease cost of $1 million and $5 million for the three and nine months ended September 30, 2019, respectively.

Supplemental Balance Sheet Information Related To Leases



($ in millions)	September 30, 2019

Operating right-of-use assets	$	196	⁽¹⁾
Finance right-of-use assets	$	170	⁽²⁾

Operating lease liabilities	$	203	⁽³⁾
Finance lease liabilities	$	161	⁽⁴⁾

Operating leases:
Weighted-average remaining lease term		7.61	years
Weighted-average discount rate		8.26	%

Finance leases:
Weighted-average remaining lease term		8.86	years
Weighted-average discount rate		7.97	%

⁽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 September 30, 2019 consolidated balance sheet.

⁽³⁾This amount represents $44 million and $159 million included in other current liabilities and other liabilities, respectively, on our September 30, 2019 consolidated balance sheet.

⁽⁴⁾This amount represents $28 million and $133 million included in other current liabilities and other liabilities, respectively, on our September 30, 2019 consolidated balance sheet.

Supplemental Cash Flow Information Related To Leases



	For the nine months ended
($ in millions)	September 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	$	52
Operating cash flows used by operating leases	$	(53)
Operating cash flows used by finance leases	$	(11)
Financing cash flows used by finance leases	$	(26)

Right-of-use assets obtained in exchange for lease
liabilities:
Operating leases	$	26
Finance leases	$	28

Maturity Analysis For Operating and Finance Lease Liabilities



		Operating		Finance
($ in millions)		Leases		Leases
Future maturities:
2019 (remaining three months)	$	12	$	11
2020		44		35
2021		38		31
2022		36		26
2023		33		22
Thereafter		106		104
Total lease payments		269		229
Less: imputed interest		(66)		(68)
Present value of lease liabilities	$	203	$	161

Maturity Analysis For Operating Leases From Customers



	Operating
($ in millions)	Lease Payments
Future maturities of lease payments from customers:
2019 (remaining three months)	$	3
2020		10
2021		10
2022		10
2023		10
Thereafter		8
Total lease payments from customers	$	51