Leases We have operating and finance leases for offices, terrestrial repeaters, data centers and certain equipment. Our leases have remaining lease terms of less than 1 year to 17 years, some of which may include options to extend the leases for up to 5 years, and some of which may include options to terminate the leases within 1 year. We elected the practical expedient to account for the lease and non-lease components as a single component. Additionally, we elected the practical expedient to not recognize right-of-use assets or lease liabilities for short-term leases, which are those leases with a term of twelve months or less at the lease commencement date.
The components of lease expense were as follows:
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For the Years Ended December 31, |
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2020 |
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2019 |
Operating lease cost |
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$ |
82 |
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$ |
80 |
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Finance lease cost |
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1 |
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4 |
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Sublease income |
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(2) |
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(3) |
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Total lease cost |
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$ |
81 |
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$ |
81 |
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Supplemental cash flow information related to leases was as follows:
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For the Years Ended December 31, |
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2020 |
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2019 |
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Cash paid for amounts included in the measurement of lease liabilities: |
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Operating cash flows from operating leases |
$ |
79 |
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$ |
70 |
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Financing cash flows from finance leases |
$ |
1 |
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$ |
3 |
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Right-of-use assets obtained in exchange for lease obligations: |
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Operating leases |
$ |
7 |
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$ |
83 |
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Supplemental balance sheet information related to leases was as follows:
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December 31, 2020 |
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December 31, 2019 |
Operating Leases |
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Operating lease right-of-use assets |
$ |
427 |
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$ |
466 |
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Operating lease current liabilities |
48 |
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46 |
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Operating lease liabilities |
419 |
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456 |
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Total operating lease liabilities |
$ |
467 |
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$ |
502 |
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December 31, 2020 |
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December 31, 2019 |
Finance Leases |
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Property and equipment, gross |
$ |
8 |
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$ |
15 |
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Accumulated depreciation |
(7) |
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(12) |
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Property and equipment, net |
$ |
1 |
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$ |
3 |
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Current maturities of debt |
$ |
1 |
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$ |
1 |
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Long-term debt |
— |
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1 |
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Total finance lease liabilities |
$ |
1 |
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$ |
2 |
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December 31, 2020 |
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December 31, 2019 |
Weighted Average Remaining Lease Term |
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Operating leases |
9 years |
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9 years |
Finance leases |
1 year |
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2 years |
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December 31, 2020 |
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December 31, 2019 |
Weighted Average Discount Rate |
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Operating leases |
5.3 |
% |
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5.3 |
% |
Finance leases |
1.7 |
% |
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1.7 |
% |
Maturities of lease liabilities were as follows:
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Operating Leases |
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Finance Leases |
Year ending December 31, |
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2020 (remaining) |
$ |
71 |
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$ |
— |
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2021 |
74 |
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1 |
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2022 |
71 |
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— |
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2023 |
62 |
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— |
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2024 |
62 |
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— |
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Thereafter |
247 |
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— |
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Total future minimum lease payments |
587 |
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1 |
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Less imputed interest |
(120) |
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— |
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Total |
$ |
467 |
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$ |
1 |
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