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Leasing (Tables)
9 Months Ended
Sep. 30, 2022
Leases [Abstract]  
Schedule of Lease Expense and Operating Cash Flows

Lease expense and operating cash flows include:

 

 

 

Third quarter ended

September 30,

 

 

Nine months ended

September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Fixed lease cost

 

$

16

 

 

$

16

 

 

$

39

 

 

$

54

 

Variable lease cost

 

 

3

 

 

 

4

 

 

 

13

 

 

 

9

 

Short-term lease cost

 

 

 

 

 

1

 

 

 

1

 

 

 

2

 

Schedule of Weighted Average Lease Term and Weighted Average Discount Rate

 

The weighted average lease term and weighted average discount rate as of September 30, 2022 and December 31, 2021 were as follows:

 

 

 

September 30, 2022

 

 

December 31, 2021

 

Weighted average lease term for operating leases (years)

 

 

5.1

 

 

 

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:

 

 

 

September 30, 2022

 

 

December 31, 2021

 

Properties, plants and equipment, net

 

$

85

 

 

$

97

 

Other current liabilities

 

$

30

 

 

$

35

 

Other noncurrent liabilities and deferred credits

 

 

55

 

 

 

64

 

Total operating lease liabilities

 

$

85

 

 

$

99

 

Schedule of Future Cash Flows Related to Operating Lease Obligations

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

 

2022 (excluding the nine months ended September 30, 2022)

 

$

10

 

2023

 

 

31

 

2024

 

 

19

 

2025

 

 

13

 

2026

 

 

10

 

Thereafter

 

 

22

 

Total lease payments (undiscounted)

 

 

105

 

Less: discount to net present value

 

 

(20

)

Total

 

$

85