Quarterly report pursuant to Section 13 or 15(d)

Lease and Transponder Service Agreements (Tables)

v3.22.2
Lease and Transponder Service Agreements (Tables)
 6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Lease, Cost [Table Text Block]
The components of lease cost for the three and six months ended June 30, 2022 and 2021, were as follows:
Three months ended June 30, Six months ended June 30,
(in millions) 2022 2021 2022 2021
Finance lease cost
     Depreciation of leased assets $ 4  5  9  10 
     Interest on lease liabilities 2  2  4  4 
Total finance lease cost 6  7  13  14 
Operating lease cost 10  10  20  20 
     Total lease cost $ 16  17  33  34 
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:
June 30, 2022
Weighted-average remaining lease term (years):
     Finance leases 5.1
     Operating leases 9.1
Weighted-average discount rate:
     Finance leases 3.5  %
     Operating leases 6.6  %
Leases, Supplemental Balance Sheet Information [Table Text Block]
Supplemental balance sheet information related to leases was as follows:
(in millions) June 30, 2022 December 31, 2021
Operating Leases:
  Operating lease right-of-use assets $ 227  201 
  Accrued liabilities $ 34  26 
  Other long-term liabilities 187  177 
      Total operating lease liabilities $ 221  203 
Finance Leases:
   Property and equipment $ 156  277 
   Accumulated depreciation (115) (151)
     Property and equipment, net $ 41  126 
   Current portion of debt and finance lease obligations $ 11  20 
   Long-term portion of debt and finance lease obligations 46  137 
     Total finance lease liabilities $ 57  157 
Leases, Supplemental Cash Flow Information [Table Text Block]
Supplemental cash flow information related to leases was as follows:
Six months ended June 30,
(in millions) 2022 2021
Cash paid for amounts included in the measurement of lease liabilities:
     Operating cash flows from operating leases $ 21  20 
     Operating cash flows from finance leases 4  4 
     Financing cash flows from finance leases 10  9 
Right-of-use assets obtained in exchange for lease obligations:
      Operating leases $ 45  4 
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 June 30, 2022 consisted of the following:
(in millions) Finance leases Operating leases Total leases
Remainder of 2022 $ 7  25  32 
2023 13  45  58 
2024 12  37  49 
2025 10  26  36 
2026 9  19  28 
Thereafter 11  144  155 
Total lease payments 62  296  358 
Less: imputed interest (5) (75) (80)
Total lease liabilities $ 57  221  278 
Sale-Leaseback Transaction