Leases (Tables)

6 Months Ended

Jun. 30, 2019

Schedule of future undiscounted cash flows

For operating leases where we are the lessee, our future undiscounted cash flows as at June 30, 2019 are as follows:



		Successor
(In $ millions)		Year ended June 30,
2020		8
2021		8
2022		7
2023		3
2024 and thereafter		2
Total		28

Schedule of reconciliation and supplementary information

The following table gives a reconciliation between the undiscounted cash flows and the related operating lease liability recognized in our Consolidated Balance Sheet as at June 30, 2019:



	Successor
(In $ millions)	As at June 30, 2019
Total undiscounted cash flows	28
Less short term leases	1
Less discount	(7	)
Operating lease liability	22
Of which:
Current	7
Non-current	15

The following table gives supplementary information regarding our lease accounting at June 30, 2019:



	Successor		Successor
(In $ million)	Three Months Ended June 30, 2019		Six months ended June 30, 2019
Operating Lease Cost:
Operating lease cost	5		7
Short-term lease cost	—		1
Total Lease cost	5		8

Other information:
Cash paid for amounts included in the measurement of lease liabilities- Operating Cash flows	5		8
Right-of-use assets obtained in exchange for operating lease liabilities during the period	—		1
Weighted-average remaining lease term in months	20		20
Weighted-average discount rate	13	%	13	%

Schedule of operating subleases

For our operating subleases, the future undiscounted cash flows as at June 30, 2019are as follows:



		Successor
(In $ millions)		Year ended June 30,
2020		1
2021		1
2022		1
2023		—
2024 and thereafter		—
Total		3