LEASES (Tables)

9 Months Ended

Sep. 30, 2020

Leases [Abstract]

Lease Expense and Supplemental Cash Flow Information

The components of lease expense were as follows (in millions):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Finance leases:
Amortization of assets, included in Depreciation and amortization expense	$	2	$	1	$	6	$	5
Interest on lease liabilities, included in Interest expense	1		1		3		3
Operating leases:
Amortization of assets, included in Total operating expense	1		2		5		6
Interest on lease liabilities, included in Total operating expense	1		1		2		2
Total net lease cost	$	5	$	5	$	16	$	16

Supplemental cash flow and other information related to leases was as follows (in millions):

	Nine Months Ended
	September 30,
	2020			2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows related to operating leases	$	6		$	7
Financing cash flows related to finance leases	$	5		$	4
Weighted average remaining lease term (in years):
Operating leases	11.4			11.8
Finance leases	31.3			33.4
Weighted average discount rate:
Operating leases	4.58		%	4.65		%
Finance leases	5.06		%	5.06		%

Supplemental Balance Sheet Information

Supplemental balance sheet information related to leases was as follows (in millions, except lease term and discount rate):

	September 30, 2020		December 31, 2019
Operating leases:
Operating lease ROU assets, included in Other assets	$	45	$	46
Current operating lease liabilities, included in Accrued expenses and other current liabilities	$	6	$	6
Noncurrent operating lease liabilities, included in Other liabilities	44		46
Total operating lease liabilities	$	50	$	52
Finance leases:
Property and equipment, at cost	$	170	$	168
Accumulated amortization	(31)		(25)
Property and equipment, net	$	139	$	143
Current obligations of finance leases, included in Current portion of project debt	$	6	$	6
Finance leases, net of current obligations, included in Project debt	73		78
Current obligations of finance leases, included in Current portion of long-term debt	1		—
Finance leases, net of current obligations, included in Long-term debt	6		6
Total finance lease liabilities	$	86	$	90

Maturity of Lease Liabilities, Finance

Maturities of lease liabilities were as follows (in millions):

	September 30, 2020
	Operating Leases		Finance Leases
Remainder of 2020	$	2	$	3
2021	9		12
2022	8		12
2023	7		12
2024	6		11
2025 and thereafter	33		105
Total lease payments	65		155
Less: Amounts representing interest	(15)		(69)
Total lease obligations	$	50	$	86

Maturity of Lease Liabilities, Operating

Maturities of lease liabilities were as follows (in millions):

	September 30, 2020
	Operating Leases		Finance Leases
Remainder of 2020	$	2	$	3
2021	9		12
2022	8		12
2023	7		12
2024	6		11
2025 and thereafter	33		105
Total lease payments	65		155
Less: Amounts representing interest	(15)		(69)
Total lease obligations	$	50	$	86