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Leasing (Tables)
6 Months Ended
Jun. 30, 2022
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,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Costs from operating leases

 

$

11

 

 

$

17

 

 

$

23

 

 

$

38

 

Variable lease payments

 

 

7

 

 

 

4

 

 

 

10

 

 

 

5

 

Short-term rental expense

 

 

1

 

 

 

1

 

 

 

1

 

 

 

1

 

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, 2022 and December 31, 2021 were as follows:

 

 

June 30, 2022

 

 

December 31, 2021

 

Weighted average lease term for operating leases (years)

 

 

4.8

 

 

 

4.9

 

Weighted average discount rate for operating leases

 

5.3%

 

 

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:

 

 

June 30, 2022

 

 

December 31, 2021

 

Properties, plants and equipment, net

 

$

86

 

 

$

97

 

Other current liabilities

 

$

32

 

 

$

35

 

Other noncurrent liabilities and deferred credits

 

 

55

 

 

 

64

 

Total operating lease liabilities

 

$

87

 

 

$

99

 

Schedule of Future Cash Flows Related to Operating Lease Obligations

The future cash flows related to the operating lease obligations as of June 30, 2022 were as follows:

 

2022 (excluding the six months ended June 30)

 

$

20

 

2023

 

 

29

 

2024

 

 

17

 

2025

 

 

12

 

2026

 

 

9

 

Thereafter

 

 

17

 

Total lease payments (undiscounted)

 

 

104

 

Less: discount to net present value

 

 

(17

)

Total

 

$

87