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Leases (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Lease Cost
The components of lease expense were as follows:
Lease CostYear Ended December 31, 2019
Operating lease cost$12  
Finance lease cost:
     Amortization of right-of-use assets1  
     Interest on lease liabilities1  
Short-term lease cost1  
Cash paid for amounts included in the present value of operating lease liabilities were as follows:
Cash Flow InformationYear Ended December 31, 2019
Operating cash flows from operating leases$12  
Operating cash flows from finance leases1  
Financing cash flows from finance leases1  
Supplemental Balance Sheet Information
Supplemental balance sheet information related to leases was as follows:
LeasesAs of December 31, 2019
Assets
    Operating Lease Right-of-Use Assets$43  
Finance Lease Right-of-Use Assets, at cost$14  
Accumulated Depreciation(5) 
Finance Lease Right-of-Use Assets, net$9  
Liabilities
Operating Lease Obligation
Current$8  
Non-Current37  
Total Operating Lease Liabilities$45  
Finance Lease Obligation
Current$2  
Non-Current8  
Total Finance Lease Liabilities$10  
Lease Term and Discount RateAs of December 31, 2019
Weighted average remaining lease term (years)
Operating leases14.0
Finance leases5.9
Weighted average discount rate
Operating leases7.2 %
Financing leases5.2 %
Operating Lease Liability Maturities
Maturities of lease liabilities were as follows:
December 31,Operating LeasesFinance LeasesTotal
2020$11  $2  $13  
20219  2  11  
20227  1  8  
20235  1  6  
20244  1  5  
After 202439  6  45  
Total lease payments$75  $13  $88  
Less: Interest30  3  33  
Present value of lease liabilities$45  $10  $55  
Finance Lease Liability Maturities
Maturities of lease liabilities were as follows:
December 31,Operating LeasesFinance LeasesTotal
2020$11  $2  $13  
20219  2  11  
20227  1  8  
20235  1  6  
20244  1  5  
After 202439  6  45  
Total lease payments$75  $13  $88  
Less: Interest30  3  33  
Present value of lease liabilities$45  $10  $55  
Operating Lease Minimum Payments As Of Prior Period Future minimum lease payments under noncancelable operating and capital leases as of December 31, 2018 were as follows:
 December 31,Operating LeasesCapital Leases
2019$13  $1  
202011  2  
20219  1  
20226  1  
20234  1  
Thereafter40  7  
Total$83  $13  
Less: Amounts representing interest3  
Present value of minimum lease payments$10  
Less: Current portion of capital leases1  
Long-term portion of capital leases$9  
Schedule of maturities of Venator’s commitments under capital leases Future minimum lease payments under noncancelable operating and capital leases as of December 31, 2018 were as follows:
 December 31,Operating LeasesCapital Leases
2019$13  $1  
202011  2  
20219  1  
20226  1  
20234  1  
Thereafter40  7  
Total$83  $13  
Less: Amounts representing interest3  
Present value of minimum lease payments$10  
Less: Current portion of capital leases1  
Long-term portion of capital leases$9