Leases (Tables)

9 Months Ended

Sep. 30, 2019

Finance leases are recorded net of $48 million in accumulated amortization as of September 30, 2019.



(Dollars in millions)	Classification	September 30, 2019
Balance Sheet Components:
Assets
Operating	Other Non-Current Assets	$	262
Finance	Property Plant and Equipment, Net	54
Total leased assets		$	316

Liabilities
Current
Operating	Other Current Liabilities	$	90
Finance	Short-term Borrowings and Current Portion of Long-term Debt	9

Non-Current
Operating	Other Non-Current Liabilities	195
Finance	Long-term Debt	59
Total lease liabilities		$	353

Lease, Cost [Table Text Block]



(Dollars in millions)	Three Months Ended September 30, 2019			Nine Months Ended September 30, 2019
Lease Expense Components:
Operating lease expense	$	29		$	88
Short-term and variable lease expense	26			74
Finance lease expense: Amortization of ROU assets and interest on lease liabilities	3			9
Sublease income	(2		)	(5		)
Total lease expense	$	56		$	166

Operating and Finance Lease Maturities [Table Text Block]



	Operating		Finance
(Dollars in millions)	Leases		Leases
Maturity of Lease Liabilities as of September 30, 2019:
2019	$	47	$	3
2020	94		13
2021	74		11
2022	49		11
2023	27		11
After 2023	166		34
Total Lease Payments	457		83
Less: Interest	172		15
Present Value of Lease Liabilities	$	285	$	68

Supplemental Lease Disclosures [Table Text Block]



(Dollars in millions except years and percentages)	Nine Months Ended September 30, 2019
Other Supplemental Information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$	88
Operating cash outflows from finance leases	$	3
Financing cash outflows from finance leases	$	6

ROU assets obtained in exchange of new operating lease liabilities	$	45
ROU assets obtained in exchange of new finance lease liabilities	$	3
Loss on sale leaseback transactions (short-term)^(a)	$	34

Weighted-average remaining lease term (years)
Operating leases	6.9
Finance leases	7.3

Weighted-average discount rate (percentages)
Operating leases	13.5		%
Finance leases	5.7		%

(a) Included in “Asset Write-Downs and Other” of our Condensed Consolidated Statements of Operations and “Other Net Income Adjustments” of our Condensed Consolidated Statements of Cash Flows.