Quarterly report pursuant to Section 13 or 15(d)

Lease and Transponder Service Agreements (Tables)

v3.22.1
Lease and Transponder Service Agreements (Tables)
 3 Months Ended
Mar. 31, 2022
Leases [Abstract]  
Lease, Cost [Table Text Block]
The components of lease cost for the three months ended March 31, 2022 and 2021, were as follows:
Three months ended March 31,
(in millions) 2022 2021
Finance lease cost
     Depreciation of leased assets $ 5  5 
     Interest on lease liabilities 2  2 
Total finance lease cost 7  7 
Operating lease cost 10  10 
     Total lease cost $ 17  17 
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:
March 31, 2022
Weighted-average remaining lease term (years):
     Finance leases 7.6
     Operating leases 10.4
Weighted-average discount rate:
     Finance leases 5.2  %
     Operating leases 6.0  %
Leases, Supplemental Balance Sheet Information [Table Text Block] Supplemental balance sheet information related to leases was as follows:
(in millions) March 31, 2022 December 31, 2021
Operating Leases:
  Operating lease right-of-use assets $ 195  201 
  Accrued liabilities $ 24  26 
  Other long-term liabilities 171  177 
      Total operating lease liabilities $ 195  203 
Finance Leases:
   Property and equipment $ 267  277 
   Accumulated depreciation (148) (151)
     Property and equipment, net $ 119  126 
   Current portion of debt and finance lease obligations $ 19  20 
   Long-term portion of debt and finance lease obligations 130  137 
     Total finance lease liabilities $ 149  157 
Leases, Supplemental Cash Flow Information [Table Text Block]
Supplemental cash flow information related to leases was as follows:
Three months ended March 31,
(in millions) 2022 2021
Cash paid for amounts included in the measurement of lease liabilities:
     Operating cash flows from operating leases $ 11  10 
     Operating cash flows from finance leases 2  2 
     Financing cash flows from finance leases 5  4 
Right-of-use assets obtained in exchange for lease obligations:
      Operating leases 3  1 
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 March 31, 2022 consisted of the following:
(in millions) Finance leases Operating leases Total leases
Remainder of 2022 $ 20  27  47 
2023 26  31  57 
2024 25  25  50 
2025 23  21  44 
2026 22  19  41 
Thereafter 67  147  214 
Total lease payments 183  270  453 
Less: imputed interest (34) (75) (109)
Total lease liabilities $ 149  195  344