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Leases
6 Months Ended
Jun. 30, 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:

 

 

June 30,

 

 

2019

 

Other long-term assets

$

 

352

 

 

 

 

 

 

Accrued expenses and other liabilities

$

 

73

 

Other long-term liabilities

 

 

279

 

 

Details of our operating leases are as follows:

 

 

For Three Months Ended

 

 

For Six Months Ended

 

 

June 30,

 

 

June 30,

 

 

2019

 

 

2019

 

Lease cost

$

 

16

 

 

$

 

34

 

Variable lease cost

 

 

10

 

 

 

 

23

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

Operating cash flows for leases

$

 

15

 

 

$

 

31

 

 

 

 

 

 

 

 

 

 

 

Lease assets obtained in exchange for new lease liabilities

$

 

23

 

 

$

 

152

 

 

 

 

 

 

 

 

 

 

 

Weighted average remaining lease term

 

8.5 years

 

 

 

 

 

 

Weighted average discount rate

 

 

3.40

%

 

 

 

 

 

 

The following table presents the maturities of lease liabilities as of June 30, 2019:

 

 

Operating Leases

 

2019

$

 

38

 

2020

 

 

70

 

2021

 

 

58

 

2022

 

 

48

 

2023

 

 

37

 

Thereafter

 

 

157

 

Total lease payments

 

 

408

 

Imputed lease interest

 

 

(56

)

Total lease liabilities

$

 

352