Quarterly report pursuant to Section 13 or 15(d)

Lease and Transponder Service Agreements (Tables)

v3.21.2
Lease and Transponder Service Agreements (Tables)
 6 Months Ended
Jun. 30, 2021
Leases [Abstract]  
Lease, Cost [Table Text Block]
The components of lease cost for the three and six months ended June 30, 2021 and 2020, were as follows:
Three months ended June 30, Six months ended June 30,
(in millions) 2021 2020 2021 2020
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  10  20  20 
     Total lease cost $ 17  17  34  34 
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, 2021
Weighted-average remaining lease term (years):
     Finance leases 8.2
     Operating leases 10.8
Weighted-average discount rate:
     Finance leases 5.2  %
     Operating leases 5.9  %
Leases, Supplemental Balance Sheet Information [Table Text Block]
Supplemental balance sheet information related to leases was as follows:
(in millions) June 30, 2021 December 31, 2020
Operating Leases:
  Operating lease right-of-use assets $ 211  221 
  Accrued liabilities $ 24  25 
  Other long-term liabilities 187  195 
      Total operating lease liabilities $ 211  220 
Finance Leases:
   Property and equipment $ 274  278 
   Accumulated depreciation (147) (141)
     Property and equipment, net $ 127  137 
   Current portion of debt and finance lease obligations $ 17  18 
   Long-term portion of debt and finance lease obligations 141  150 
     Total finance lease liabilities $ 158  168 
Leases, Supplemental Cash Flow Information [Table Text Block]
Supplemental cash flow information related to leases was as follows:
Six months ended June 30,
(in millions) 2021 2020
Cash paid for amounts included in the measurement of lease liabilities:
     Operating cash flows from operating leases $ 20  25 
     Operating cash flows from finance leases 4  4 
     Financing cash flows from finance leases 9  9 
Right-of-use assets obtained in exchange for lease obligations:
      Operating leases $ 4  19 
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, 2021 consisted of the following:
(in millions) Finance leases Operating leases Total leases
Remainder of 2021 $ 12  19  31 
2022 26  34  60 
2023 25  28  53 
2024 24  25  49 
2025 21  21  42 
Thereafter 89  168  257 
Total lease payments 197  295  492 
Less: imputed interest (39) (84) (123)
Total lease liabilities $ 158  211  369