Quarterly report pursuant to Section 13 or 15(d)

Lease and Transponder Service Agreements (Tables)

v3.20.2
Lease and Transponder Service Agreements (Tables)
 6 Months Ended
Jun. 30, 2020
Leases [Abstract]  
Lease, Cost [Table Text Block]
The components of lease cost for the three and six months ended June 30, 2020 and 2019, were as follows:
Three months ended Six months ended
(in millions) June 30, 2020 June 30, 2019 June 30, 2020 June 30, 2019
Finance lease cost
     Depreciation of leased assets $ 5    5    10    10   
     Interest on lease liabilities 2    2    4    4   
Total finance lease cost 7    7    14    14   
Operating lease cost 10    8    20    14   
     Total lease cost $ 17    15    34    28   
Weighted average lease term and discount rate [Table Text Block]
The remaining weighted-average lease term and the weighted-average discount rate were as follows:
June 30, 2020
Weighted-average remaining lease term (years):
     Finance leases 8.9
     Operating leases 11.6
Weighted-average discount rate:
     Finance leases 5.1  %
     Operating leases 6.0  %
Leases, Supplemental Balance Sheet Information [Table Text Block]
Supplemental balance sheet information related to leases was as follows:
(in millions) June 30, 2020 December 31, 2019
Operating Leases:
  Operating lease right-of-use assets $ 218    214   
  Accrued liabilities $ 21    28   
  Other long-term liabilities 194    190   
      Total operating lease liabilities $ 215    218   
Finance Leases:
   Property and equipment $ 267    282   
   Accumulated depreciation (123)   (129)  
     Property and equipment, net $ 144    153   
   Current portion of debt and finance lease obligations $ 18    18   
   Long-term portion of debt and finance lease obligations 154    163   
     Total finance lease liabilities $ 172    181   
Leases, Supplemental Cash Flow Information [Table Text Block]
Supplemental cash flow information related to leases was as follows:
Six months ended
(in millions) June 30, 2020 June 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
     Operating cash flows from operating lease $ 25    12   
     Operating cash flows from finance leases 4    4   
     Financing cash flows from finance leases 9    10   
Right-of-use assets obtained in exchange for lease obligations:
      Operating leases 19    72   
      Finance leases $ —    —   
Future minimum lease payments [Table Text Block]
Future payments under noncancelable operating leases and finance leases with initial terms of one year or more as of June 30, 2020 consisted of the following:
(in millions) Finance leases Operating leases Total leases
Remainder of 2020 $ 13    16    29   
2021 25    32    57   
2022 25    28    53   
2023 25    24    49   
2024 23    23    46   
Thereafter 108    183    291   
Total lease payments 219    306    525   
Less: imputed interest (47)   (91)   (138)  
Total lease liabilities $ 172    215    387