Leases (Tables)

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Schedule of Rent Expense

($ in millions)
Minimum rentals	$	21
Contingent rentals		3
	$	24

Schedule of Supplemental Information Related to Operating Leases

Supplemental information related to operating leases for the three months ending March 31, 2019:

(in millions)
Cash paid for amounts included in the measurement of operating lease liabilities:
Operating cash flows from operating leases	$	5
Right-of-use assets obtained in exchange for new operating lease liabilities		1
Weighted-average remaining lease term of operating leases	6.5 years
Weighted-average discount rate of operating leases		5.26	%

Future Minimum Lease Payments Under Non-Cancelable Operating Leases

Future minimum lease payments under noncancelable operating leases, due in each of the next five years and thereafter as of March 31, 2019, are as follows:

($ in millions)	Operating Leases (1)
Year
2019 (remaining)	$	13
2020		17
2021		14
2022		10
2023		10
Thereafter		30
Total future minimum lease payments	$	94
Less: imputed interest		(16	)
Present value of lease liabilities	$	78

⁽¹⁾ Operating lease payments exclude $2 million of legally binding minimum lease payments for leases signed but not yet commenced.

Future minimum lease payments under noncancelable operating leases, due in each of the next five years and thereafter as of December 31, 2018, are as follows:

($ in millions)	Operating Leases
Year
2019	$	16
2020		15
2021		14
2022		10
2023		10
Thereafter		29
Total future minimum lease payments	$	94