Annual report pursuant to Section 13 and 15(d)

Leases and Transponder Service Agreements (Tables)

v3.22.4
Leases and Transponder Service Agreements (Tables)
 12 Months Ended
Dec. 31, 2022
Leases and Transponder Service Agreements [Abstract]  
Lease, Cost [Table Text Block] The components of lease cost for the years ended December 31, 2022, 2021 and 2020, were as follows:
Year ended December 31,
(in millions) 2022 2021 2020
Finance lease cost
     Depreciation of leased assets $ 5  19  19 
     Interest on lease liabilities 3  8  8 
Total finance lease cost 8  27  27 
Operating lease cost (1) 73  42  39 
     Total lease cost $ 81  69  66 
(1) Included within operating lease costs were short-term lease costs and variable lease costs, which were not material to the financial statements.
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, 2022
Weighted-average remaining lease term (years):
     Finance leases 1.9
     Operating leases 13.4
Weighted-average discount rate:
     Finance leases 2.1  %
     Operating leases 10.9  %
Leases, Supplemental Balance Sheet Information [Table Text Block] Supplemental balance sheet information related to leases was as follows:
December 31,
(in millions) 2022 2021
Operating Leases:
  Operating lease right-of-use assets $ 419  201 
  Accrued liabilities $ 35  26 
  Other long-term liabilities 377  177 
      Total operating lease liabilities $ 412  203 
Finance Leases:
   Property and equipment $ 17  277 
   Accumulated depreciation (13) (151)
     Property and equipment, net $ 4  126 
   Current portion of debt and finance lease obligations $ 2  20 
   Long-term portion of debt and finance lease obligations 2  137 
     Total finance lease liabilities $ 4  157 
Leases, Supplemental Cash Flow Information [Table Text Block] Supplemental cash flow information related to leases for the years ended December 31, 2022, 2021 and 2020 was as follows:
Year ended December 31,
(in millions) 2022 2021 2020
Cash paid for amounts included in the measurement of lease liabilities:
     Operating cash flows for operating lease $ 57  38  44 
     Operating cash flows for finance leases 3  8  8 
     Financing cash flows for finance leases 6  18  18 
Right-of-use assets obtained in exchange for lease obligations:
      Operating leases 256  11  31 
      Finance leases $ —  11  — 
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, 2022 consisted of the following:
(in millions) Finance leases Operating leases Total leases
2023 $ 3  74  77 
2024 1  66  67 
2025 —  56  56 
2026 —  48  48 
2027 —  49  49 
Thereafter —  550  550 
Total lease payments 4  843  847 
Less: imputed interest —  (431) (431)
Total lease liabilities $ 4  412  416