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Leasing (Tables)
6 Months Ended
Jun. 30, 2020
Leases [Abstract]  
Schedule of Lease Expense and Operating Cash Flows

Lease expense and operating cash flows include:

 

 

Second quarter ended

June 30,

 

 

Six months ended

June 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Costs from operating leases

 

$

20

 

 

$

20

 

 

$

38

 

 

$

39

 

Variable lease payments

 

$

1

 

 

$

5

 

 

$

5

 

 

$

8

 

Short-term rental expense

 

$

 

 

$

1

 

 

$

1

 

 

$

4

 

Schedule of Weighted Average Lease Term and Weighted Average Discount Rate

The weighted average lease term and weighted average discount rate as of June 30, 2020 and December 31, 2019 were as follows:

 

 

 

June 30, 2020

 

 

December 31, 2019

 

Weighted average lease term for operating leases (years)

 

 

4.3

 

 

 

4.6

 

Weighted average discount rate for operating leases

 

5.3%

 

 

5.4%

 

Schedule of Aggregate Right-of Use Assets and Related Lease Obligations

The following represents the aggregate right-of use assets and related lease obligations recognized in the Consolidated Balance Sheet at:

 

 

 

June 30, 2020

 

 

December 31, 2019

 

Properties, plants and equipment, net

 

$

141

 

 

$

154

 

Other current liabilities

 

$

58

 

 

$

61

 

Other noncurrent liabilities and deferred credits

 

 

90

 

 

 

100

 

Total operating lease liabilities

 

$

148

 

 

$

161

 

Schedule of Future Cash Flows Related to Operating Lease Obligations

The future cash flows related to the operating lease obligations as of June 30, 2020 were as follows:

 

2020 (excluding the six months ended June 30)

 

$

36

 

2021

 

 

58

 

2022

 

 

27

 

2023

 

 

17

 

2024

 

 

9

 

Thereafter

 

 

24

 

Total lease payments (undiscounted)

 

 

171

 

Less: discount to net present value

 

 

(23

)

Total

 

$

148