Leases (Tables)

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Schedule of ROU assets and lease liabilities

The following table presents our ROU assets and lease liabilities as of March 31, 2019.

	Financing		Operating
	($ in millions)
ROU assets	$	24	$	32
Lease liabilities:
Current lease liabilities	9		19
Long-term lease liabilities	15		15
Total lease liabilities	$	24	$	34

Schedule of operating and financing lease additional information

Additional information for the Company’s operating and finance leases is presented below:

	Three Months Ended March 31, 2019
Lease cost:	($ in millions)
Amortization of ROU assets	$	2
Interest on lease liability	1
Finance lease cost	3
Operating lease cost	7
Short-term lease cost	22
Total lease cost(a)	$	32
Other information:
Operating cash outflows from finance lease	$	1
Operating cash outflows from operating leases	$	2
Investing cash outflows from operating leases	$	27
Financing cash outflows from finance lease	$	2
Weighted-average remaining lease term - finance lease	2.75 years
Weighted-average remaining lease term - operating leases	3.8 years
Weighted-average discount rate - finance lease	7.50		%
Weighted-average discount rate - operating leases	5.09		%

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(a) Includes $27 million of capitalized lease costs.

Schedule of maturity analysis of finance lease liabilities and operating lease liabilities

Maturity analysis of finance lease liabilities and operating lease liabilities are presented below:

	March 31, 2019
	Financing Lease			Operating Leases
	($ in millions)
2019 remaining	$	7		$	18
2020	10			6
2021	10			2
2022	—			2
2023	—			2
Thereafter	—			7
Total lease payments	27			37
Less imputed interest	(3		)	(3		)
Present value of lease liabilities	24			34
Less current maturities	(9		)	(19		)
Present value of lease liabilities, less current maturities	$	15		$	15

The aggregate undiscounted minimum future lease payments under previous lease accounting standard, ASC 840, are presented below:

	December 31, 2018
	Capital Lease		Operating Leases
	($ in millions)
2019	$	10	$	3
2020	10		1
2021	10		—
Total minimum lease payments	$	30	$	4

Schedule of maturity analysis of finance lease liabilities and operating lease liabilities

Maturity analysis of finance lease liabilities and operating lease liabilities are presented below:

	March 31, 2019
	Financing Lease			Operating Leases
	($ in millions)
2019 remaining	$	7		$	18
2020	10			6
2021	10			2
2022	—			2
2023	—			2
Thereafter	—			7
Total lease payments	27			37
Less imputed interest	(3		)	(3		)
Present value of lease liabilities	24			34
Less current maturities	(9		)	(19		)
Present value of lease liabilities, less current maturities	$	15		$	15

The aggregate undiscounted minimum future lease payments under previous lease accounting standard, ASC 840, are presented below:

	December 31, 2018
	Capital Lease		Operating Leases
	($ in millions)
2019	$	10	$	3
2020	10		1
2021	10		—
Total minimum lease payments	$	30	$	4