Leases (Tables)

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Lease, Cost [Table Text Block]

Our operating and finance leases are included in our Consolidated Balance Sheet and Consolidated Statement of Income as follows:

	Classification	December 31,
Consolidated Balance Sheet		2020		2019
Assets:
Operating lease assets	Operating lease assets	$	40	$	44
Finance lease assets	Property, plant, and equipment, net	—		1
Total lease assets		$	40	$	45
Liabilities:
Current
Operating	Accounts payable and accrued liabilities	$	8	$	8
Finance	Current portion of long-term debt	—		—
Non-current
Operating	Non-current operating lease liabilities	32		36
Finance	Long-term debt, excluding current portion	—		1
Total lease liabilities		$	40	$	45

	Classification	December 31,
Consolidated Statement of Income		2020		2019
Lease Cost:
Operating lease cost	Cost of sales and Selling, general and administrative expenses	$	12	$	10
Finance lease cost
Amortization of leased assets	Cost of sales	—		—
Interest on lease liabilities	Interest expense	—		—
Total lease cost		$	12	$	10

Lessor, Operating Lease, Payments to be Received, Maturity

The following table sets forth the minimum lease payments that are expected to be made in each of the years indicated.

	Operating Leases		Finance Leases		Total
2021	$	9	$	—	$	9
2022	7		—		7
2023	4		—		4
2024	3		—		3
2025	2		—		2
2026 and thereafter	27		—		27
Total lease payments	52		—		52
Less: Interest	(12)		—		(12)
Present value of lease liabilities	$	40	$	—	$	40