Leases (Tables)

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Schedule of Lease Assets and Liabilities

The table below presents the lease-related assets and liabilities recorded on the Condensed Consolidated Balance Sheet:

	Classification	June 30, 2019(1)
Assets:
Operating	Operating lease assets	$	95
Finance(1)	Machinery and Equipment	11
Total leased assets		$	106
Liabilities:
Current
Operating	Current portion of operating lease liabilities	$	21
Finance	Debt payable within one year	3
Noncurrent
Operating	Operating lease liabilities	74
Finance	Long-term debt	8
Total leased liabilities		$	106

(1) Finance lease assets are recorded net of accumulated amortization of $9 as of June 30, 2019.

Supplemental Information Related to Leases

The tables below present supplemental information related to leases as of June 30, 2019:

	June 30, 2019
Weighted-average remaining lease term (years)
Operating leases	8.8
Finance leases	2.0
Weighted-average discount rate
Operating leases	12.18	%
Finance leases	7.42	%

Schedule of Maturities of Lease Liabilities, Operating Lease

The table below reconciles the undiscounted cash flows for each of the first five years and the total of the remaining years to the finance lease liabilities and operating lease liabilities recorded on the balance sheet as of June 30, 2019:

Year	Minimum Rentals Under Operating Leases		Minimum Payments Under Finance Leases(1)
Remaining six months of 2019	$	16	$	2
2020	25		8
2021	20		1
2022	14		—
2023	11		—
2024 and thereafter	78		1
Total lease payments	$	164	$	12
Less: Amount representing interest	69		1
Present value of lease liabilities	$	95	$	11

(1)     Amounts exclude sale leaseback financing arrangements which are not considered leases under Topic 842.

Schedule of Maturities of Lease Liabilities, Finance Lease

The table below reconciles the undiscounted cash flows for each of the first five years and the total of the remaining years to the finance lease liabilities and operating lease liabilities recorded on the balance sheet as of June 30, 2019:

Year	Minimum Rentals Under Operating Leases		Minimum Payments Under Finance Leases(1)
Remaining six months of 2019	$	16	$	2
2020	25		8
2021	20		1
2022	14		—
2023	11		—
2024 and thereafter	78		1
Total lease payments	$	164	$	12
Less: Amount representing interest	69		1
Present value of lease liabilities	$	95	$	11

(1)     Amounts exclude sale leaseback financing arrangements which are not considered leases under Topic 842.

Schedule of Future Minimum Lease Payments for Capital Leases

The Company adopted ASU 2016-02 using a retrospective adoption method at January 1, 2019. See Note 5 for more information. The following is the minimum lease commitments under the previous lease guidance (ASC 840) as of December 31, 2018, as disclosed in the Company’s most recent Annual Report on Form 10-K.

Year	Minimum Rentals Under Operating Leases		Minimum Payments Under Capital Leases
2019	$	33	$	15
2020	24		20
2021	20		13
2022	13		26
2023	10		9
2024 and thereafter	61		1
Total minimum payments	$	161	84
Less: Amount representing interest			(18		)
Present value of minimum payments			$	66

Schedule of Future Minimum Rental Payments for Operating Leases

The Company adopted ASU 2016-02 using a retrospective adoption method at January 1, 2019. See Note 5 for more information. The following is the minimum lease commitments under the previous lease guidance (ASC 840) as of December 31, 2018, as disclosed in the Company’s most recent Annual Report on Form 10-K.

Year	Minimum Rentals Under Operating Leases		Minimum Payments Under Capital Leases
2019	$	33	$	15
2020	24		20
2021	20		13
2022	13		26
2023	10		9
2024 and thereafter	61		1
Total minimum payments	$	161	84
Less: Amount representing interest			(18		)
Present value of minimum payments			$	66