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Leasing (Tables)
3 Months Ended
Mar. 31, 2021
Leases [Abstract]  
Schedule of Lease Expense and Operating Cash Flows

Lease expense and operating cash flows include:

 

 

First quarter ended March 31,

 

 

 

2021

 

 

2020

 

Costs from operating leases

 

$

21

 

 

$

18

 

Variable lease payments

 

$

1

 

 

$

4

 

Short-term rental expense

 

$

 

 

$

1

 

Schedule of Weighted Average Lease Term and Weighted Average Discount Rate

The weighted average lease term and weighted average discount rate as of March 31, 2021 and December 31, 2020 were as follows:

 

 

March 31, 2021

 

 

December 31, 2020

 

Weighted average lease term for operating leases (years)

 

 

4.7

 

 

 

4.4

 

Weighted average discount rate for operating leases

 

5.2%

 

 

5.2%

 

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:

 

 

March 31, 2021

 

 

December 31, 2020

 

Properties, plants and equipment, net

 

$

131

 

 

$

137

 

Other current liabilities

 

$

54

 

 

$

60

 

Other noncurrent liabilities and deferred credits

 

 

80

 

 

 

82

 

Total operating lease liabilities

 

$

134

 

 

$

142

 

Schedule of Future Cash Flows Related to Operating Lease Obligations

The future cash flows related to the operating lease obligations as of March 31, 2021 were as follows:

 

2021 (excluding the three months ended March 31)

 

$

47

 

2022

 

 

35

 

2023

 

 

23

 

2024

 

 

14

 

2025

 

 

9

 

Thereafter

 

 

24

 

Total lease payments (undiscounted)

 

 

152

 

Less: discount to net present value

 

 

(18

)

Total

 

$

134