Leases (Tables)

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Schedule of ROU assets and lease liabilities

The following table presents our ROU assets and lease liabilities as of June 30, 2019.

	Financing		Operating
	($ in millions)
ROU assets	$	22	$	25
Lease liabilities:
Current lease liabilities	$	9	$	12
Long-term lease liabilities	13		15
Total lease liabilities	$	22	$	27

Schedule of operating and financing lease additional information

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

	Three Months Ended June 30, 2019		Six Months Ended June 30, 2019
Lease cost:	($ in millions)
Amortization of ROU assets	$	2	$	4
Interest on lease liability	—		1
Finance lease cost	2		5
Operating lease cost	10		17
Short-term lease cost	26		48
Total lease cost(a)	$	38	$	70
Other information:
Operating cash outflows from finance lease	$	—	$	1
Operating cash outflows from operating leases	$	3	$	5
Investing cash outflows from operating leases	$	33	$	60
Financing cash outflows from finance lease	$	2	$	4
Weighted-average remaining lease term - finance lease			2.50 years
Weighted-average remaining lease term - operating leases			4.50 years
Weighted-average discount rate - finance lease			7.50		%
Weighted-average discount rate - operating leases			4.83		%

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(a)

Includes $33 million and $60 million of capitalized lease costs for the Current Quarter and the Current Period, respectively.

Schedule of maturity analysis of operating lease liabilities

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

	June 30, 2019
	Financing Lease			Operating Leases
	($ in millions)
Remainder of 2019	$	5		$	8
2020	10			8
2021	10			3
2022	—			2
2023	—			2
Thereafter	—			7
Total lease payments	25			30
Less imputed interest	(3		)	(3		)
Present value of lease liabilities	22			27
Less current maturities	(9		)	(12		)
Present value of lease liabilities, less current maturities	$	13		$	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

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

	June 30, 2019
	Financing Lease			Operating Leases
	($ in millions)
Remainder of 2019	$	5		$	8
2020	10			8
2021	10			3
2022	—			2
2023	—			2
Thereafter	—			7
Total lease payments	25			30
Less imputed interest	(3		)	(3		)
Present value of lease liabilities	22			27
Less current maturities	(9		)	(12		)
Present value of lease liabilities, less current maturities	$	13		$	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