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Leases (Tables)

6 Months Ended

Jun. 30, 2019

Schedule Of Lease Assets and Liabilities Recorded in Consolidated Balance Sheets

At June 30, 2019, DESC had the following lease assets and liabilities recorded in the Consolidated Balance Sheets:

(millions)	June 30, 2019
Lease assets:
Operating lease assets⁽¹⁾	$	20
Finance lease assets⁽²⁾		28
Total lease assets	$	48
Lease liabilities:
Operating lease - current⁽³⁾	$	2
Operating lease - noncurrent⁽⁴⁾		16
Finance lease - current⁽⁵⁾		7
Finance lease - noncurrent⁽⁶⁾		22
Total lease liabilities	$	47

(1)	Included in other deferred debits and other assets in the Consolidated Balance Sheets.

(2)	^{Included in utility plant, net, in the Consolidated Balance Sheets, net of $20 million of accumulated amortization at June 30, 2019.}

(3)	^{Included in other current liabilities in the Consolidated Balance Sheets.}

(4)	^{Included in other deferred credits and other liabilities in the Consolidated Balance Sheets.}

(5)	^{Included in current portion of long-term debt in the Consolidated Balance Sheets.}

(6)	^{Included in long-term debt in the Consolidated Balance Sheets.}

Summary of Total Lease Cost

For the three and six months ended June 30, 2019, total lease cost consisted of the following:

	Three Months Ended		Six Months Ended
(millions)	June 30, 2019		June 30, 2019
Finance lease cost:
Amortization	$	2	$	4
Interest		—		—
Operating lease cost		—		1
Short-term lease cost		1		1
Variable lease cost		—		—
Total lease cost	$	3	$	6

Cash Paid for Amounts Included in Measurement of Lease Liabilities

For the six months ended June 30, 2019, cash paid for amounts included in the measurement of lease liabilities consisted of the following amounts, included in the Consolidated Statements of Cash Flows:

	Six Months Ended
(millions)	June 30, 2019
Operating cash flows from finance leases	$	—
Operating cash flows from operating leases		2
Financing cash flows from finance leases		4

Summary of Weighted Average Remaining Lease Term And Discount Rate for Operating and Finance Leases

At June 30, 2019, the weighted average remaining lease term and weighted average discount rate for finance and operating leases were as follows:

	June 30, 2019
Weighted average remaining lease term - finance leases	5 years
Weighted average remaining lease term - operating leases	21 years
Weighted average discount rate - finance leases		2.97	%
Weighted average discount rate - operating leases		4.53	%

Schedule of Maturity Analysis of Operating and Finance Lease Liabilities

Lease liabilities have the following scheduled maturities:

(millions)	Operating			Finance
2019	$	2		$	4
2020		2			8
2021		2			6
2022		1			5
2023		1			3
After 2023		22			5
Total undiscounted lease payments		30			31
Present value adjustment		(12	)		(2	)
Present value of lease liabilities	$	18		$	29