LEASE OBLIGATIONS (Tables)

3 Months Ended

Mar. 31, 2020

Leases [Abstract]

Summary of Leased Assets and Lease Liability Obligations

The following tables summarize our leased assets and lease liability obligations:

			March 31, 2020		December 31, 2019
		Balance Sheet classification	(In millions)
Assets
Operating lease assets	Operating lease right-of-use assets		$	330	$	349
Finance lease assets	Property, plant and equipment, net			50		50
	Total leased assets			380		399
Current liabilities
Operating leases	Current portion of long-term lease obligations			93		93
Finance leases (1)	Finance lease obligation			45		47
	Current lease obligations			138		140
Noncurrent liabilities
Operating leases	Long-term lease obligations			279		294
	Total lease obligations		$	417	$	434

⁽¹⁾ As a result of the debt compliance matters, we determined that the classification of our finance lease obligations was current and, accordingly, we recorded those obligations within Current Liabilities on the Balance Sheets as of March 31, 2020 and December 31, 2019.

Schedule of Lease Cost

Our lease cost was as follows:

		Three months ended March 31,
		2020		2019
	Statements of Operations classification	(In millions)
Operating lease cost (1)	SG&A expenses	$	11	$	12
Operating lease cost (1)	Cost of operations		22		24
Finance lease cost
Amortization of leased assets	Cost of operations		-		2
Interest on lease liabilities	Net interest expense		1		1
Net lease cost		$	34	$	39

⁽¹⁾ Includes short-term leases and immaterial variable lease costs.