Quarterly report pursuant to Section 13 or 15(d)

Lease and Transponder Service Agreements (Tables)

v3.20.2
Lease and Transponder Service Agreements (Tables)
 9 Months Ended
Sep. 30, 2020
Leases [Abstract]  
Lease, Cost [Table Text Block]
The components of lease cost for the three and nine months ended September 30, 2020 and 2019, were as follows:
Three months ended September 30, Nine months ended September 30,
(in millions) 2020 2019 2020 2019
Finance lease cost
     Depreciation of leased assets $ 5  6  15  16 
     Interest on lease liabilities 2  2  6  6 
Total finance lease cost 7  8  21  22 
Operating lease cost 9  8  29  22 
     Total lease cost $ 16  16  50  44 
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:
September 30, 2020
Weighted-average remaining lease term (years):
     Finance leases 8.7
     Operating leases 11.5
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) September 30, 2020 December 31, 2019
Operating Leases:
  Operating lease right-of-use assets $ 216  214 
  Accrued liabilities $ 23  28 
  Other long-term liabilities 192  190 
      Total operating lease liabilities $ 215  218 
Finance Leases:
   Property and equipment $ 272  282 
   Accumulated depreciation (132) (129)
     Property and equipment, net $ 140  153 
   Current portion of debt and finance lease obligations $ 18  18 
   Long-term portion of debt and finance lease obligations 152  163 
     Total finance lease liabilities $ 170  181 
Leases, Supplemental Cash Flow Information [Table Text Block]
Supplemental cash flow information related to leases was as follows:
Nine months ended September 30,
(in millions) 2020 2019
Cash paid for amounts included in the measurement of lease liabilities:
     Operating cash flows from operating lease $ 33  18 
     Operating cash flows from finance leases 6  6 
     Financing cash flows from finance leases 14  17 
Right-of-use assets obtained in exchange for lease obligations:
      Operating leases 22  150 
      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 September 30, 2020 consisted of the following:
(in millions) Finance leases Operating leases Total leases
Remainder of 2020 $ 7  10  17 
2021 26  32  58 
2022 25  28  53 
2023 25  25  50 
2024 23  23  46 
Thereafter 109  185  294 
Total lease payments 215  303  518 
Less: imputed interest (45) (88) (133)
Total lease liabilities $ 170  215  385