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Leases (Tables)
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Schedule of Components of Lease Expense

The components of lease expense are as follows:

 

 

 

Years Ended December 31,

 

 

 

 

2022

 

 

2021

 

 

2020

 

 

Operating lease cost

 

$

75

 

 

$

35

 

 

$

34

 

 

Finance lease cost - amortization of right-of-use assets

 

 

4

 

 

 

2

 

 

 

1

 

 

Short-term lease cost

 

 

39

 

 

 

26

 

 

 

28

 

 

Variable lease cost

 

 

21

 

 

 

6

 

 

 

4

 

 

Total lease cost

 

$

139

 

 

$

69

 

 

$

67

 

 

Schedule of Supplemental Consolidated Statements of Cash Flows Information Related to Leases

Supplemental consolidated statements of cash flows information related to leases is as follows:

 

 

 

Years Ended December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

Cash paid for amounts included in measurement of lease liabilities:

 

 

 

 

Operating cash outflows - payments on operating leases

 

$

75

 

 

$

35

 

 

$

33

 

Financing cash outflows - payments on finance leases

 

 

5

 

 

 

18

 

 

 

1

 

Right-of-use assets obtained in exchange for new lease obligations:

 

 

 

 

Operating leases

 

$

186

 

 

$

26

 

 

$

32

 

Finance leases

 

 

15

 

 

 

3

 

 

 

4

 

Schedule of Supplemental Consolidated Balance Sheets Information Related to Leases

Supplemental consolidated balance sheets information related to leases is as follows:

 

 

 

Years Ended December 31,

 

 

 

2022

 

 

2021

 

Finance leases:

 

 

 

 

 

 

Building and land

 

$

 

 

$

 

Machinery and equipment

 

 

17

 

 

 

5

 

Accumulated depreciation

 

 

 

 

 

 

Property and equipment, net

 

$

17

 

 

$

5

 

 

 

 

 

 

 

 

Weighted-average remaining lease term:

 

 

 

 

 

 

Operating leases

 

5.0 years

 

 

6.0 years

 

Finance leases

 

2.9 years

 

 

2.8 years

 

 

 

 

 

 

 

 

Weighted-average discount rate:

 

 

 

 

 

 

Operating leases

 

 

3.9

%

 

 

3.4

%

Finance leases

 

 

4.5

%

 

 

2.3

%

Schedule of Future Undiscounted Cash Flows and Reconciliation to the Lease Liabilities

The future undiscounted cash flows for each of the next five years and thereafter and reconciliation to the lease liabilities recognized on the consolidated balance sheets as of December 31, 2022 is as follows:

 

 

 

Operating Leases

 

 

Finance Leases

 

 

Total

 

Years ending December 31:

 

 

 

 

 

 

 

 

 

2023

 

$

71

 

 

$

6

 

 

$

77

 

2024

 

 

53

 

 

 

5

 

 

 

58

 

2025

 

 

39

 

 

 

4

 

 

 

43

 

2026

 

 

24

 

 

 

2

 

 

 

26

 

2027

 

 

16

 

 

 

1

 

 

 

17

 

Thereafter

 

 

41

 

 

 

1

 

 

 

42

 

Total lease payments

 

 

244

 

 

 

19

 

 

 

263

 

Less imputed interest

 

 

23

 

 

 

1

 

 

 

24

 

Total present value of lease liabilities

 

$

221

 

 

$

18

 

 

$

239

 

Operating and finance leases - current

 

$

67

 

 

$

6

 

 

$

73

 

Operating and finance leases - non-current

 

 

154

 

 

 

12

 

 

 

166

 

Total present value of lease liabilities

 

$

221

 

 

$

18

 

 

$

239