乐天堂fun88(中国区)官方网站

Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.19.2
LEASES (Tables)
6 Months Ended
Jun. 30, 2019
LEASES
Schedule of components of operating lease expense, cash flows and supplemental noncash information

The components of operating lease expense, cash flows and supplemental noncash information are as follows (dollars in millions):

鈥�

鈥�

鈥�

鈥�

鈥�

鈥�

鈥�

鈥�

鈥�

鈥�

Three months

鈥�

Six months

鈥�

鈥�

ended

鈥�

ended

鈥�

鈥�

June 30, 2019

鈥�

June 30, 2019

Operating lease expense:

鈥�

鈥�

鈥�

鈥�

鈥�

鈥�

Cost of goods sold

鈥�

$

16

鈥�

$

32

Selling, general and administrative

鈥�

鈥�

4

鈥�

鈥�

8

Research and development

鈥�

鈥�

2

鈥�

鈥�

3

Total operating lease expense(1)

鈥�

$

22

鈥�

$

43

鈥�

鈥�

鈥�

鈥�

鈥�

鈥�

鈥�

Cash paid for amounts included in the measurement of lease liabilities:

鈥�

鈥�

鈥�

鈥�

鈥�

鈥�

Operating cash flows from operating leases

鈥�

$

18

鈥�

$

35

鈥�

鈥�

鈥�

鈥�

鈥�

鈥�

鈥�

Supplemental noncash information:

鈥�

鈥�

鈥�

鈥�

鈥�

鈥�

Leased assets obtained in exchange for new operating lease liabilities

鈥�

$

5

鈥�

$

472

(1) Total operating lease expense includes short-term lease expense of approximately $1 million for each of the three and six months ended June 30, 2019.
Schedule of lease term and discount rate

The weighted-average lease term and discount rate for our operating leases are as follows:

鈥�

鈥�

鈥�

Weighted-average remaining lease term

10 years

Weighted-average discount rate

4.3%

Schedule of undiscounted cash flows of operating lease liabilities

The undiscounted cash flows of operating lease liabilities as of June 30, 2019 are as follows (dollars in millions):

鈥�

鈥�

鈥�

鈥�

Year ending December 31,

鈥�

鈥�

2019 (excluding the six months ended June 30, 2019)

$

39

2020

鈥�

73

2021

鈥�

68

2022

鈥�

60

2023

鈥�

55

Thereafter

鈥�

293

Total lease payments

鈥�

588

Less imputed interest

鈥�

(109)

Total

$

479

Schedule of future minimum lease payments under operating leases

Future minimum lease payments under operating leases as of December 31, 2018 are as follows (dollars in millions):

鈥�

鈥�

鈥�

鈥�

Year ending December 31,

鈥�

鈥�

2019

$

59

2020

鈥�

53

2021

鈥�

52

2022

鈥�

49

2023

鈥�

45

Thereafter

鈥�

234

鈥�

$

492

鈥�