Quarterly report pursuant to Section 13 or 15(d)

Lease and Transponder Service Agreements (Tables)

v3.21.2
Lease and Transponder Service Agreements (Tables)
 9 Months Ended
Sep. 30, 2021
Leases [Abstract]  
Lease, Cost [Table Text Block]
The components of lease cost for the three and nine months ended September 30, 2021 and 2020, were as follows:
Three months ended September 30, Nine months ended September 30,
(in millions) 2021 2020 2021 2020
Finance lease cost
     Depreciation of leased assets $ 4  5  14  15 
     Interest on lease liabilities 2  2  6  6 
Total finance lease cost 6  7  20  21 
Operating lease cost 10  9  30  29 
     Total lease cost $ 16  16  50  50 
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, 2021
Weighted-average remaining lease term (years):
     Finance leases 7.9
     Operating leases 10.7
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, 2021 December 31, 2020
Operating Leases:
  Operating lease right-of-use assets $ 206  221 
  Accrued liabilities $ 24  25 
  Other long-term liabilities 181  195 
      Total operating lease liabilities $ 205  220 
Finance Leases:
   Property and equipment $ 281  278 
   Accumulated depreciation (149) (141)
     Property and equipment, net $ 132  137 
   Current portion of debt and finance lease obligations $ 18  18 
   Long-term portion of debt and finance lease obligations 145  150 
     Total finance lease liabilities $ 163  168 
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) 2021 2020
Cash paid for amounts included in the measurement of lease liabilities:
     Operating cash flows from operating leases $ 29  33 
     Operating cash flows from finance leases 6  6 
     Financing cash flows from finance leases 13  14 
Right-of-use assets obtained in exchange for lease obligations:
      Operating leases 6  22 
      Finance leases $ 11  — 
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, 2021 consisted of the following:
(in millions) Finance leases Operating leases Total leases
Remainder of 2021 $ 6  9  15 
2022 28  35  63 
2023 27  28  55 
2024 26  25  51 
2025 24  21  45 
Thereafter 90  167  257 
Total lease payments 201  285  486 
Less: imputed interest (38) (80) (118)
Total lease liabilities $ 163  205  368