Quarterly report pursuant to Section 13 or 15(d)

Lease and Transponder Service Agreements (Tables)

v3.21.1
Lease and Transponder Service Agreements (Tables)
 3 Months Ended
Mar. 31, 2021
Leases [Abstract]  
Lease, Cost [Table Text Block]
The components of lease cost for the three months ended March 31, 2021 and 2020, were as follows:
Three months ended March 31,
(in millions) 2021 2020
Finance lease cost
     Depreciation of leased assets $ 5  5 
     Interest on lease liabilities 2  2 
Total finance lease cost 7  7 
Operating lease cost 10  10 
     Total lease cost $ 17  17 
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:
March 31, 2021
Weighted-average remaining lease term (years):
     Finance leases 8.4
     Operating leases 10.9
Weighted-average discount rate:
     Finance leases 5.2  %
     Operating leases 6.0  %
Leases, Supplemental Balance Sheet Information [Table Text Block]
Supplemental balance sheet information related to leases was as follows:
(in millions) March 31, 2021 December 31, 2020
Operating Leases:
  Operating lease right-of-use assets $ 215  221 
  Accrued liabilities $ 24  25 
  Other long-term liabilities 190  195 
      Total operating lease liabilities $ 214  220 
Finance Leases:
   Property and equipment $ 272  278 
   Accumulated depreciation (141) (141)
     Property and equipment, net $ 131  137 
   Current portion of debt and finance lease obligations $ 17  18 
   Long-term portion of debt and finance lease obligations 144  150 
     Total finance lease liabilities $ 161  168 
Leases, Supplemental Cash Flow Information [Table Text Block]
Supplemental cash flow information related to leases was as follows:
Three months ended March 31,
(in millions) 2021 2020
Cash paid for amounts included in the measurement of lease liabilities:
     Operating cash flows from operating leases $ 10  14 
     Operating cash flows from finance leases 2  2 
     Financing cash flows from finance leases 4  5 
Right-of-use assets obtained in exchange for lease obligations:
      Operating leases 1  3 
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 March 31, 2021 consisted of the following:
(in millions) Finance leases Operating leases Total leases
Remainder of 2021 $ 18  27  45 
2022 26  33  59 
2023 25  27  52 
2024 23  24  47 
2025 21  21  42 
Thereafter 89  168  257 
Total lease payments 202  300  502 
Less: imputed interest (41) (86) (127)
Total lease liabilities $ 161  214  375