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Leases
3 Months Ended
Mar. 31, 2019
Leases [Abstract]  
Leases

9. Leases

 

We conduct certain operations in leased facilities and also lease a portion of our data processing and other equipment. In addition, certain long-term supply agreements to purchase industrial gases are accounted for as operating leases. Lease agreements frequently include renewal provisions and require us to pay real estate taxes, insurance and maintenance costs.

Our leases are included as a component of the following balance sheet lines:

 

 

March 31, 2019

 

Other long-term assets

$

 

346

 

 

 

 

 

 

Accrued expenses and other liabilities

$

 

70

 

Other long-term liabilities

 

 

276

 

 

Details of our operating leases are as follows:

 

For Three Months Ended March 31, 2019

 

Lease cost

$

 

18

 

Variable lease cost

 

 

13

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

Operating cash flows for leases

$

 

16

 

 

 

 

 

 

Lease assets obtained in exchange for new lease liabilities

$

 

129

 

 

 

 

 

 

Weighted average remaining lease term

 

8.8 years

 

Weighted average discount rate

 

 

3.43

%

 

The following table presents the maturities of lease liabilities as of March 31, 2019:

 

 

Operating Leases

 

2019

$

 

54

 

2020

 

 

65

 

2021

 

 

53

 

2022

 

 

45

 

2023

 

 

33

 

Thereafter

 

 

154

 

Total lease payments

 

 

404

 

Imputed lease interest

 

 

(58

)

Total lease liabilities

$

 

346