Annual report pursuant to Section 13 and 15(d)

Leases and Transponder Service Agreements (Tables)

v3.20.4
Leases and Transponder Service Agreements (Tables)
 12 Months Ended
Dec. 31, 2020
Leases and Transponder Service Agreements [Abstract]  
Lease, Cost [Table Text Block] The components of lease cost for the years ended December 31, 2020 and 2019, were as follows:
Year ended December 31,
(in millions) 2020 2019
Finance lease cost
     Depreciation of leased assets $ 19  20 
     Interest on lease liabilities 8  9 
Total finance lease cost 27  29 
Operating lease cost 39  32 
     Total lease cost $ 66  61 
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:
December 31, 2020
Weighted-average remaining lease term (years):
     Finance leases 8.5
     Operating leases 11.0
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:
December 31,
(in millions) 2020 2019
Operating Leases:
  Operating lease right-of-use assets $ 221  214 
  Accrued liabilities $ 25  28 
  Other long-term liabilities 195  190 
      Total operating lease liabilities $ 220  218 
Finance Leases:
   Property and equipment $ 278  282 
   Accumulated depreciation (141) (129)
     Property and equipment, net $ 137  153 
   Current portion of debt and finance lease obligations $ 18  18 
   Long-term portion of debt and finance lease obligations 150  163 
     Total finance lease liabilities $ 168  181 
Leases, Supplemental Cash Flow Information [Table Text Block] Supplemental cash flow information related to leases for the years ended December 31, 2020 and 2019 was as follows:
Year ended December 31,
(in millions) 2020 2019
Cash paid for amounts included in the measurement of lease liabilities:
     Operating cash flows from operating lease $ 44  35 
     Operating cash flows from finance leases 8  9 
     Financing cash flows from finance leases 18  22 
Right-of-use assets obtained in exchange for lease obligations:
      Operating leases 31  151 
      Finance leases $ —  16 
Future minimum lease payments Future payments under noncancelable operating leases and finance leases with initial terms of one year or more as of December 31, 2020 consisted of the following:
(in millions) Finance leases Operating leases Total leases
2021 $ 26  38  64 
2022 26  32  58 
2023 25  27  52 
2024 24  24  48 
2025 22  21  43 
Thereafter 89  167  256 
Total lease payments 212  309  521 
Less: imputed interest (44) (89) (133)
Total lease liabilities $ 168  220  388