Variable Interest Entities (Tables)

9 Months Ended

Sep. 30, 2019

Variable Interest Entities [Abstract]

Schedule of Balances of Variable Interest Entities

The following table summarizes the carrying amounts of major consolidated balance sheet items for consolidated VIEs as of September 30, 2019 and December 31, 2018 (in millions). All assets (excluding deferred financing costs, net and intangible assets, net) and liabilities of a consolidated VIE presented below are (1) assets that can be used only to settle obligations of the VIE or (2) liabilities for which creditors do not have recourse to the general credit of the primary beneficiary.



	September 30, 2019		December 31, 2018
Assets
Current assets:
Cash and cash equivalents	$	32	$	36
Restricted cash	—		4
Trade receivables	19		13
Prepaid expenses	3		6
Other current assets	4		2
Total current assets	58		61

Restricted cash	2		3
Construction in progress	—		1
Property, plant and equipment, net	2,083		2,156
Unconsolidated investments	54		—
Deferred financing costs, net	1		2
Intangible assets, net	11		12
Other assets	18		12
Total assets	$	2,227	$	2,247

Liabilities
Current liabilities:
Accounts payable and other accrued liabilities	$	26	27
Accrued construction costs	—		1
Current portion of long-term debt, net	5		4
Other current liabilities	5		5
Total current liabilities	36		37

Long-term debt, net	150		149
Intangible liability, net	45		48
Asset retirement obligations	59		57
Other long-term liabilities	42		36
Deferred revenue	26		26
Total liabilities	$	358	$	353

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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