Leases (Tables)
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12 Months Ended |
Dec. 31, 2019 |
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| Leases [Abstract] |
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| Lease, Cost [Table Text Block] |
The components of our operating and finance lease expense are as follows for the year ended December 31, 2019 (in millions): | | | | | | December 31, 2019 | Operating Leases | | Operating lease expense | $ | 46 |
| | | Finance Leases | | Amortization of the right-of-use assets | 8 |
| Interest expense | 8 |
| Finance lease expense | $ | 16 |
| | | Variable lease expense | 9 |
| | | Total lease expense | $ | 71 |
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| Finance Lease, Liability, Maturity [Table Text Block] |
The following is a schedule by year of future minimum lease payments associated with our operating and finance leases together with the present value of the net minimum lease payments as of December 31, 2019 (in millions): | | | | | | | | | | Operating Leases(1) | | Finance Leases(2) | 2020 | $ | 21 |
| | $ | 16 |
| 2021 | 22 |
| | 16 |
| 2022 | 20 |
| | 15 |
| 2023 | 19 |
| | 19 |
| 2024 | 18 |
| | 8 |
| Thereafter | 185 |
| | 26 |
| Total minimum lease payments | 285 |
| | 100 |
| Less: Amount representing interest | 103 |
| | 27 |
| Total lease obligation | 182 |
| | 73 |
| Less: current lease obligation | 12 |
| | 10 |
| Long-term lease obligation | $ | 170 |
| | $ | 63 |
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____________ | | (1) | The lease liabilities associated with our operating leases as of December 31, 2019 are included in other current liabilities and other long-term liabilities on our Consolidated Balance Sheet. |
| | (2) | The lease liabilities associated with our finance leases as of December 31, 2019 are included in debt, current portion and debt, net of current portion on our Consolidated Balance Sheet. |
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| Lessee, Operating Lease, Liability, Maturity [Table Text Block] |
The following is a schedule by year of future minimum lease payments associated with our operating and finance leases together with the present value of the net minimum lease payments as of December 31, 2019 (in millions): | | | | | | | | | | Operating Leases(1) | | Finance Leases(2) | 2020 | $ | 21 |
| | $ | 16 |
| 2021 | 22 |
| | 16 |
| 2022 | 20 |
| | 15 |
| 2023 | 19 |
| | 19 |
| 2024 | 18 |
| | 8 |
| Thereafter | 185 |
| | 26 |
| Total minimum lease payments | 285 |
| | 100 |
| Less: Amount representing interest | 103 |
| | 27 |
| Total lease obligation | 182 |
| | 73 |
| Less: current lease obligation | 12 |
| | 10 |
| Long-term lease obligation | $ | 170 |
| | $ | 63 |
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____________ | | (1) | The lease liabilities associated with our operating leases as of December 31, 2019 are included in other current liabilities and other long-term liabilities on our Consolidated Balance Sheet. |
| | (2) | The lease liabilities associated with our finance leases as of December 31, 2019 are included in debt, current portion and debt, net of current portion on our Consolidated Balance Sheet. |
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| Supplemental Balance Sheet Info Lessee [Table Text Block] |
Supplemental balance sheet information related to our operating and finance leases is as follows as of December 31, 2019 (in millions, except lease term and discount rate): | | | | | | | | December 31, 2019 | Operating leases(1) | | | Right-of-use assets associated with operating leases | | $ | 171 |
| | | | Finance leases(2) | | | Property, plant and equipment, gross | | 212 |
| Accumulated amortization | | (105 | ) | Property, plant and equipment, net | | $ | 107 |
| | | | Weighted average remaining lease term (in years) | | | Operating leases | | 17.5 |
| Finance leases | | 6.8 |
| | | | Weighted average discount rate | | | Operating leases | | 5.1 | % | Finance leases | | 8.0 | % |
____________ | | (1) | The right-of-use assets associated with our operating leases as of December 31, 2019 are included in other assets on our Consolidated Balance Sheet. |
| | (2) | The right-of-use assets associated with our finance leases as of December 31, 2019 are included in property, plant and equipment, net on our Consolidated Balance Sheet. |
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| Supplemental Cash Flow Lessee [Table Text Block] |
Supplemental cash flow information related to our operating and finance leases is as follows for the period presented (in millions): | | | | | | | | December 31, 2019 | Cash paid for amounts included in the measurement of lease liabilities | | | Operating cash flows from operating leases | | $ | 54 |
| Operating cash flows from finance leases | | $ | 8 |
| Financing cash flows from finance leases | | $ | 11 |
| | | | Right-of-use assets obtained in exchange for lease obligations: | | | Operating leases | | $ | 14 |
| Finance leases | | $ | — |
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| Lease Cost - Lessor [Table Text Block] |
Revenue recognized related to fixed lease payments on our operating leases for the period presented is as follows (in millions): | | | | | | 2019 | Operating Leases(1) | | Fixed lease payments | $ | 341 |
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____________ | | (1) | Revenues associated with our operating leases are included in Commodity revenue and other revenue on our Consolidated Statement of Operations. |
| | | | | | December 31, 2019 | Assets subject to contracts accounted for as operating leases | | Property, plant and equipment, gross | $ | 2,561 |
| Accumulated depreciation | (770 | ) | Property, plant and equipment, net(1) | $ | 1,791 |
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____________ | | (1) | Our assets subject to contracts that are accounted for as operating leases primarily consist of our power plants subject to tolling contracts. |
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| Lessor, Operating Lease, Payments to be Received, Maturity [Table Text Block] |
The total contractual future minimum lease rentals for our contracts that have commenced and are accounted for as operating leases at December 31, 2019, are as follows (in millions): | | | | | 2020 | $ | 286 |
| 2021 | 261 |
| 2022 | 226 |
| 2023 | 144 |
| 2024 | 50 |
| Thereafter | 236 |
| Total | $ | 1,203 |
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| Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] |
The total contractual future minimum lease rentals for our contracts accounted for as operating leases at December 31, 2018, are as follows (in millions): | | | | | 2019 | $ | 342 |
| 2020 | 261 |
| 2021 | 257 |
| 2022 | 224 |
| 2023 | 141 |
| Thereafter | 239 |
| Total | $ | 1,464 |
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Lessee The following is a schedule by year of future minimum lease payments under operating and capital leases as of December 31, 2018 (in millions): | | | | | | | | | | Operating Leases(1) | | Capital Leases(2) | 2019 | $ | 50 |
| | $ | 40 |
| 2020 | 19 |
| | 40 |
| 2021 | 20 |
| | 38 |
| 2022 | 18 |
| | 33 |
| 2023 | 17 |
| | 27 |
| Thereafter | 192 |
| | 92 |
| Total minimum lease payments | $ | 316 |
| | 270 |
| Less: Amount representing interest | | | 89 |
| Present value of net minimum lease payments | | | $ | 181 |
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____________ | | (1) | During the years ended December 31, 2018 and 2017, expense for operating leases amounted to $53 million and $50 million, respectively. |
| | (2) | Includes a failed sale-leaseback transaction related to our Pasadena Power Plant. |
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| Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block] |
The following is a schedule by year of future minimum lease payments under operating and capital leases as of December 31, 2018 (in millions): | | | | | | | | | | Operating Leases(1) | | Capital Leases(2) | 2019 | $ | 50 |
| | $ | 40 |
| 2020 | 19 |
| | 40 |
| 2021 | 20 |
| | 38 |
| 2022 | 18 |
| | 33 |
| 2023 | 17 |
| | 27 |
| Thereafter | 192 |
| | 92 |
| Total minimum lease payments | $ | 316 |
| | 270 |
| Less: Amount representing interest | | | 89 |
| Present value of net minimum lease payments | | | $ | 181 |
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____________ | | (1) | During the years ended December 31, 2018 and 2017, expense for operating leases amounted to $53 million and $50 million, respectively. |
| | (2) | Includes a failed sale-leaseback transaction related to our Pasadena Power Plant. |
|