Wyndham Hotels & Resorts, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

Leases (Tables)

12 Months Ended

Dec. 31, 2019

The table below presents the lease-related assets and liabilities recorded on the Consolidated Balance Sheet.



	Classification on the Balance Sheet	December 31, 2019
Assets
Operating lease assets	Other non-current assets	$	29
Finance lease assets	Property and equipment, net	37
Total lease assets		$	66

Liabilities
Current
Operating lease liabilities	Accrued expenses and other current liabilities	$	5
Finance lease liabilities	Current portion of long-term debt	5
Non-current
Operating lease liabilities	Other non-current liabilities	24
Finance lease liabilities	Long-term debt	55
Total lease liabilities		$	89

Lease, Cost

The table below presents the remaining lease term and discount rates for finance and operating leases.



	December 31, 2019
Weighted-average remaining lease term
Operating leases	7.9 years
Finance leases	9.7 years
Weighted-average discount rate
Operating leases	4.7	%
Finance leases	4.5	%

Lessee, Operating Lease, Liability, Maturity

The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the finance lease liabilities and operating lease liabilities recorded on the Company’s Consolidated Balance Sheet as of December 31, 2019.



	Operating Leases		Finance Leases
2020	$	6	$	7
2021	5		7
2022	4		7
2023	3		7
2024	3		7
Thereafter	14		39
Total minimum lease payments	35		74
Less: amount of lease payments representing interest	6		14
Present value of future minimum lease payments	29		60
Less: current obligations under leases	5		5
Long-term lease obligations	$	24	$	55

Finance Lease, Liability, Maturity



	Operating Leases		Finance Leases
2020	$	6	$	7
2021	5		7
2022	4		7
2023	3		7
2024	3		7
Thereafter	14		39
Total minimum lease payments	35		74
Less: amount of lease payments representing interest	6		14
Present value of future minimum lease payments	29		60
Less: current obligations under leases	5		5
Long-term lease obligations	$	24	$	55