Maxar (MAXR) 10-Q 9 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2019	Apr. 30, 2019
Document and Entity Information
Entity Registrant Name	Maxar Technologies Inc.
Entity Central Index Key	0001121142
Document Type	10-Q
Document Period End Date	Mar. 31, 2019
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		59,594,485
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Revenues:
Revenues	$ 504	$ 557
Costs and expenses:
Selling, general and administrative	103	103
Depreciation and amortization	98	111
Operating (loss) income	(4)	37
Interest expense, net	49	53
Other expense, net	6	1
(Loss) before taxes	(59)	(17)
Income tax benefit	(1)	(32)
Equity in loss from joint ventures, net of tax	1
Net (loss) income	$ (59)	$ 15
(Loss) earnings per common share:
Basic (In dollars per share)	$ (0.99)	$ 0.27
Diluted (In dollars per share)	$ (0.99)	$ 0.26
Product
Revenues:
Revenues	$ 194	$ 228
Costs and expenses:
Product costs, excluding depreciation and amortization	197	187
Service
Revenues:
Revenues	310	329
Costs and expenses:
Service costs, excluding depreciation and amortization	$ 110	$ 119

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive (Loss) Income - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Condensed Consolidated Statements of Comprehensive (Loss) Income
Net (loss) income	$ (59)	$ 15
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustment	(9)	3
Net (loss) on hedge of net investment in foreign operations	5	(8)
Unrealized loss on derivatives	(4)	(3)
Change in pension and other postretirement benefit plans	2
Other comprehensive loss, net of tax	(6)	(8)
Comprehensive (loss) income, net of tax	$ (65)	$ 7

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 45	$ 35
Trade and other receivables, net	467	464
Inventory	26	31
Advances to suppliers	17	42
Income taxes receivable	16	14
Prepaid and other current assets	61	51
Total current assets	632	637
Non-current assets:
Orbital receivables	400	407
Deferred tax assets	108	103
Property, plant and equipment, net	768	747
Intangible assets, net	1,175	1,232
Non-current operating lease assets	129
Goodwill	1,751	1,751
Other assets	115	124
Total assets	5,078	5,001
Current liabilities:
Accounts payable	190	209
Accrued liabilities	62	116
Accrued compensation and benefits	101	100
Contract liabilities	309	361
Current portion of long-term debt	19	17
Current operating lease liabilities	33
Other current liabilities	52	46
Total current liabilities	766	849
Non-current liabilities:
Pension and other postretirement benefits	194	196
Contract liabilities	43	60
Operating lease liabilities	137
Long-term debt	3,174	3,030
Other non-current liabilities	184	222
Total liabilities	4,498	4,357
Stockholders’ equity:
Common stock ($0.0001 par value, 240 million common shares authorized and 59.6 million outstanding at March 31, 2019; nil par value, unlimited authorized common shares and 59.4 million outstanding at December 31, 2018)		1,713
Additional paid-in capital	1,774	59
Accumulated deficit	(1,271)	(1,211)
Accumulated other comprehensive income	76	82
Total Maxar stockholders' equity	579	643
Noncontrolling interest	1	1
Total stockholder's equity	580	644
Total liabilities and stockholders' equity	$ 5,078	$ 5,001

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares shares in Millions	Mar. 31, 2019	Dec. 31, 2018
Condensed Consolidated Balance Sheets
Common stock, par value (in dollars per share)	$ 0.0001
Common stock, no par value		$ 0
Common stock, authorized shares	240
Common stock, shares outstanding	59.6	59.4

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash flows provided by (used in) Operating activities:
Net (loss) income	$ (59)	$ 15
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Depreciation of property, plant and equipment	30	37
Amortization of intangible assets	68	74
Stock-based compensation expense (recovery)	1	(1)
Amortization of debt issuance costs and other noncash interest expense	2	2
Inventory impairment	3
Foreign exchange losses	6	1
Deferred income tax (benefit)		(24)
Other	4	2
Changes in operating assets and liabilities:
Trade and other receivables	6	(35)
Accrued compensation and benefits	1	(26)
Trade and other payables	(11)	(47)
Accrued liabilities	(56)	22
Contract liabilities	(71)	(26)
Advances to suppliers	25	15
Deferred tax assets	(5)	(18)
Deferred tax liabilities	2	31
Other liabilities	4	(28)
Other	(8)	(7)
Cash used in operating activities	(58)	(13)
Investing activities:
Purchase of property, plant and equipment	(59)	(43)
Purchase or development of intangible assets	(14)	(17)
Disposal of subsidiary and short-term investments		5
Cash used in investing activities	(73)	(55)
Financing activities:
Net proceeds from revolving credit facility	150	90
Repayments of long-term debt	(6)	(5)
Settlement of securitization liability	(4)	(4)
Payment of dividends	(1)	(16)
Change in overdraft balance		2
Cash provided by financing activities	139	67
Increase (decrease) in cash, cash equivalents, and restricted cash	8	(1)
Effect of foreign exchange on cash, cash equivalents, and restricted cash	1
Cash, cash equivalents, and restricted cash, beginning of year	43	42
Cash, cash equivalents, and restricted cash, end of period	$ 52	$ 41

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2019	Mar. 31, 2018
Reconciliation of cashflow information:
Cash and cash equivalents	$ 45	$ 25
Restricted cash included in prepaid and other current assets	6	7
Restricted cash included in other assets	1	9
Total cash, cash equivalents, and restricted cash	$ 52	$ 41

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Change in Shareholders’ Equity - USD ($) shares in Millions, $ in Millions	Common Stock	Additional paid in capital	Retained earnings (Accumulated deficit)	Accumulated other comprehensive income (loss)	Noncontrolling interest	Total
Balance at the beginning of period at Dec. 31, 2017	$ 1,550	$ 51	$ 118	$ 113	$ 1	$ 1,833
Balance at the beginning of period (in shares) at Dec. 31, 2017	56.2
Increase (Decrease) in Shareholders’ Equity
Common stock issued under employee stock purchase plan	$ 1					1
Common stock issued under employee stock purchase plan (in shares)	0.1
Common stock issued upon vesting or exercise of stock-based compensation awards	$ 7	(7)
Common stock issued upon vesting or exercise of stock-based compensation awards (shares)	0.1
Reclassification of liability classified stock-based compensation awards to equity classified		1				1
Equity classified stock-based compensation expense		8				8
Dividends ($0.01 for 2019 and $0.29 for 2018 per common share)			(16)			(16)
Comprehensive income (loss)			15	(8)		7
Balance at the end of period at Mar. 31, 2018	$ 1,558	53	117	105	1	1,834
Balance at the end of period (in shares) at Mar. 31, 2018	56.4
Balance at the beginning of period at Dec. 31, 2018	$ 1,713	59	(1,211)	82	1	$ 644
Balance at the beginning of period (in shares) at Dec. 31, 2018	59.4					59.4
Increase (Decrease) in Shareholders’ Equity
Reclassification of APIC due to U.S. Domestication	$ (1,713)	1,713
Common stock issued under employee stock purchase plan		1				$ 1
Common stock issued under employee stock purchase plan (in shares)	0.1
Common stock issued upon vesting or exercise of stock-based compensation awards (shares)	0.1
Equity classified stock-based compensation expense		1				1
Dividends ($0.01 for 2019 and $0.29 for 2018 per common share)			(1)			(1)
Comprehensive income (loss)			(59)	(6)		(65)
Balance at the end of period at Mar. 31, 2019		$ 1,774	$ (1,271)	$ 76	$ 1	$ 580
Balance at the end of period (in shares) at Mar. 31, 2019	59.6					59.6

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Change in Shareholders’ Equity (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Condensed Consolidated Statements of Change in Shareholders’ Equity
Dividend per share (in dollars per share)	$ 0.01	$ 0.29

General business description

General business description	3 Months Ended
	Mar. 31, 2019
General business description
General business description	1. GENERAL BUSINESS DESCRIPTION Maxar Technologies Inc. (the “Company” or “Maxar”) is a global leader of advanced space technology solutions and is at the nexus of the new space economy, developing and sustaining the infrastructure and delivering the information, services, and systems that unlock the promise of space for commercial and government markets. As a trusted partner, the Company provides vertically integrated capabilities and expertise including satellites, Earth imagery, robotics, geospatial data and analytics to help customers anticipate and address their most complex mission-critical challenges with confidence. Maxar’s common stock trades on the New York Stock Exchange and Toronto Stock Exchange under the ticker MAXR. Maxar’s businesses are organized and managed in three reportable segments: Space Systems, Imagery and Services. On January 1, 2019, the Company completed a reorganization of its corporate structure pursuant to which the Company directly acquired all of the issued and outstanding shares of Maxar Technologies Ltd. (“Maxar Canada”), and the Company replaced Maxar Canada as the publicly-held parent company of the Maxar group (“U.S. Domestication”). Since its inception, Maxar Canada reported to securities regulators in both Canada and the U.S., financial statements prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board. Upon completion of the U.S. Domestication, and including the report herein, the Company has prepared its financial statements in accordance with accounting principles generally accepted in the U.S. (“U.S. GAAP”).

Summary of significant accounti

Summary of significant accounting policies	3 Months Ended
	Mar. 31, 2019
Summary of significant accounting policies
Summary of significant accounting policies	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of preparation The Unaudited Condensed Consolidated Financial Statements include the accounts of Maxar Technologies Inc., and all of its consolidated subsidiary entities. The Company’s Unaudited Condensed Consolidated Financial Statements have been prepared in accordance with U.S. GAAP, and the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) . All intercompany balances and transactions are eliminated on consolidation. The Company’s Unaudited Condensed Consolidated Financial Statements are presented in U.S. dollars and have been prepared on a historical cost basis, except for certain financial assets and liabilities including derivative financial instruments which are stated at fair value. The Unaudited Condensed Consolidated Financial Statements should be read in conjunction with the Company’s annual audited consolidated financial statements and notes thereto included in the Company’s most recent Annual Report on Form 10-K filed with the SEC. Certain amounts in the prior year financial statements have been reclassified to conform to the current year presentation. Use of estimates, assumptions and judgments The preparation of the Unaudited Condensed Consolidated Financial Statements in accordance with U.S. GAAP requires the Company to make estimates and judgments that affect the reported amounts of assets and liabilities and the disclosure of contingencies at the reporting date, as well as the reported amounts of revenues and expenses during the reporting period. Estimates have been prepared using the most current and best available information; however, actual results could differ materially from those estimates. Recently Adopted Accounting Pronouncements Leases In February 2016, the Financial Accounting Standards Board (“FASB”) issued ASU 2016-02, Leases (Topic 842) (“ASU 2016-02”) which together with subsequent amendments is included in ASC 842 – Leases . This new standard requires that all leases with an initial term greater than one year be recorded on the balance sheet as a right-of-use asset and lease liability. Additional qualitative and quantitative disclosures are also required. The Company adopted the lease standard on January 1, 2019 using the modified retrospective transition approach on the effective date. The Company has elected the package of practical expedients, which allows the Company not to reassess whether any expired or existing contracts as of the adoption date are or contain a lease, lease classification for any expired or existing leases as of the adoption date and initial direct costs for any existing leases as of the adoption date. The Company has not elected the hindsight practical expedient when determining lease term and assessing impairment of right-of-use assets . Upon adoption, the Company recognized operating lease right-of-use assets and lease liabilities of $133 million and $176 million, respectively in its Unaudited Condensed Consolidated Balance Sheets. There were no material impacts to the Unaudited Condensed Consolidated Statements of Operations or Unaudited Condensed Consolidated Statements of Cash Flows. See Note 7 in this Quarterly Report on Form 10-Q for details. Taxes In February 2018, the FASB issued ASU 2018-02, Income Statement-Reporting Comprehensive Income (Topic 220) . The guidance in ASU 2018-02 allows an entity to elect to reclassify the stranded tax effects related to the Tax Cuts and Jobs Act of 2017 (“2017 Tax Act”) from accumulated other comprehensive income into retained earnings. ASU 2018-02 is effective for fiscal years beginning after December 15, 2018, with early adoption permitted. The Company adopted the update on January 1, 2019. There was no material impact on the Unaudited Condensed Consolidated Financial Statements. Recent Accounting Guidance Not Yet Adopted Financial Instruments In June 2016, the FASB issued ASU 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”) which together with subsequent amendments is included in ASC 326 – Financial Instruments – Credit Losses . ASU 2016-13 significantly changes the impairment model for most financial assets and certain other instruments. ASU 2016-13 will require immediate recognition of estimated credit losses expected to occur over the remaining life of many financial assets, which will generally result in earlier recognition of allowances for credit losses on loans and other financial instruments. These updates are effective for annual and interim financial statement periods beginning after December 15, 2019, with early adoption permitted for financial statement periods beginning after December 15, 2018. The Company is currently evaluating the impact the adoption of this guidance may have on the Company’s financial statements.

Trade and other receivables, ne

Trade and other receivables, net	3 Months Ended
	Mar. 31, 2019
Trade and other receivables, net
Trade and other receivables. net	3. TRADE AND OTHER RECEIVABLES Trade and other receivables, net consisted of the following: March 31, December 31, 2019 2018 Billed $ 207 $ 242 Unbilled 213 172 Total trade receivables 420 414 Orbital receivables, current portion 34 34 Other 14 17 Allowance for doubtful accounts (1) (1) Total trade and other receivables, net $ 467 $ 464 Orbital receivables relate to performance incentives due under certain satellite construction contracts that are paid over the in-orbit life of the satellite. As of March 31, 2019 and December 31, 2018, long-term orbital receivables were $400 million and $407 million, respectively, and are included in Non-current assets on the Unaudited Condensed Consolidated Balance Sheets.

Inventory

Inventory	3 Months Ended
	Mar. 31, 2019
Inventory
Inventory	4. INVENTORY Inventory consisted of the following: March 31, December 31, 2019 2018 Raw materials $ 15 $ 21 Work in process 11 10 Total inventory $ 26 $ 31

Property, plant and equipment,

Property, plant and equipment, net	3 Months Ended
	Mar. 31, 2019
Property, plant and equipment, net
Property, plant and equipment, net	5. PROPERTY, PLANT AND EQUIPMENT, NET Property, plant and equipment, net consisted of the following: March 31, December 31, 2019 2018 Satellites $ 397 $ 397 Equipment 229 229 Leasehold improvements 97 97 Computer hardware 92 92 Land and land improvements 88 88 Buildings 46 46 Furniture and fixtures 19 19 Construction in process 193 142 Property, plant and equipment, at cost 1,161 1,110 Accumulated depreciation (393) (363) Property, plant and equipment, net $ 768 $ 747 Depreciation expense for property, plant and equipment was $ 30 million and $37 million for the three months ended March 31, 2019 and March 31, 2018, respectively.

Intangible assets

Intangible assets	3 Months Ended
	Mar. 31, 2019
Intangible assets
Intangible assets	6. INTANGIBLE Intangible assets are as follows: March 31, 2019 December 31, 2018 Gross carrying value Accumulated amortization Net carrying value Gross carrying value Accumulated amortization Net carrying value Customer relationships $ 619 $ (70) $ 549 $ 619 $ (58) $ 561 Backlog 332 (145) 187 332 (120) 212 Technologies 329 (101) 228 330 (86) 244 Software 210 (80) 130 198 (71) 127 Image library 80 (36) 44 80 (32) 48 Trade names and other 41 (11) 30 41 (9) 32 Non-compete agreements 21 (14) 7 21 (13) 8 Total intangible assets $ 1,632 $ (457) $ 1,175 $ 1,621 $ (389) $ 1,232 Amortization expense related to intangible assets was $ 68 million and $74 million for the three months ended March 31, 2019 and March 31, 2018, respectively.

Leases

Leases	3 Months Ended
	Mar. 31, 2019
Leases
Leases	7. LEASES The Company has both operating and finance leases. The majority of the Company’s leases are operating leases related to buildings. The majority of the Company’s finance leases are related to furniture and equipment. The Company’s leases have remaining lease terms of one year to 16 years, some of which include options to extend the lease anywhere from one to ten years, and are included in the lease term when it is reasonably certain the Company will exercise the option. The Company has elected as an accounting policy not to recognize any leases with an initial term of 12 months or less on the balance sheet and will recognize the lease payments on a straight-line basis in the statement of operations. The rate implicit in the lease is typically not readily determinable; in such instances the Company uses an incremental borrowing rate to determine the present value of the lease payments. The Company uses a borrowing rate with a similar term to the lease term and considers any options if they are reasonably certain to be exercised. For adoption, the Company elected to consider the remaining lease term and payments as of the adoption date. The Company elected the practical expedient not to separate lease and non-lease components. The Company has also elected to include in minimum lease payments any executory costs that are part of the fixed lease payment. Finance lease cost, variable lease cost, and short-term lease cost are not material. The components of operating lease expense are as follows: Three months ended March 31, Classification 2019 Operating lease expense Selling, general, and administrative expense, Product costs, and Service costs $ 8 Supplemental lease balance sheet information consists of the following: March 31, Classification 2019 Assets: Operating Non-current operating lease assets $ 129 Finance Property, plant, and equipment, net 9 Total lease assets $ 138 Liabilities: Current Operating Current operating lease liabilities $ 33 Finance Other current liabilities 3 Non-current Operating Operating lease liabilities 137 Finance Other non-current liabilities 3 Total lease liabilities $ 176 Supplemental lease cash flow information is as follows: Three months ended March 31, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 9 Other supplemental lease information consists of the following: March 31, 2019 Weighted average remaining lease term Operating leases 9 years Finance leases 3 years Weighted average discount rate Operating leases Finance leases Maturities of lease liabilities are as follows: 2019 1 2020 2021 2022 2023 Thereafter Less: imputed interest Total minimum lease payments Operating leases $ 26 $ 31 $ 29 $ 24 $ 22 $ 100 $ (62) $ 170 Finance leases 3 3 1 — — 9 (10) 6 1 Excludes the three months ended March 31, 2019.

Restructuring liability

Restructuring liability	3 Months Ended
	Mar. 31, 2019
Restructuring liability
Restructuring liability	8. RESTRUCTURING On February 27, 2019, the Company announced a restructuring plan to implement cost-saving measures, including a reduction in the Company’s workforce. The reduction in the Company’s workforce was substantially completed in the first quarter of 2019. Restructuring expense is included in Product costs, excluding depreciation and amortization, Service costs, excluding depreciation and amortization, and Selling, general and administrative expense in the Company’s Unaudited Condensed Consolidated Statements of Operations. Changes to restructuring liabilities during the period consisted of the following: Restructuring Liability Balance as of December 31, 2018 $ 6 Obligations incurred 20 Payments (5) Balance as of March 31, 2019 $ 21

Long-term debt and interest exp

Long-term debt and interest expense	3 Months Ended
	Mar. 31, 2019
Long-term debt and interest expense
Long-term debt and interest expense	9. LONG-TERM DEBT AND INTEREST EXPENSE March 31, December 31, 2019 2018 Syndicated credit facility: Revolving loan payable $ 734 $ 595 Operating loan payable in Canadian dollars (March 31, 2019 - C$15 million; December 31, 2018 - C$0 million) 11 — Term Loan A 500 500 Term Loan B 1,975 1,980 Debt issuance costs (39) (41) Obligations under finance leases and other 12 13 Total long-term debt 3,193 3,047 Current portion (19) (17) Non-current portion $ 3,174 $ 3,030 The Syndicated Credit Facility is composed of: (i) a four-year senior secured first lien revolving credit facility and a four-year senior secured first lien operating facility (collectively, the “Revolving Credit Facility”), (ii) a senior secured first lien term A facility (“Term Loan A”) and (iii) a seven-year senior secured first lien term B facility (“Term Loan B”) in an aggregate principal amount of $3.75 billion. The net proceeds of the Syndicated Credit Facility were used, along with cash on hand, to consummate the acquisition of DigitalGlobe, to refinance all amounts outstanding under the Company’s existing syndicated credit facility and senior term loans, to repay DigitalGlobe’s outstanding indebtedness, to pay transaction fees and expenses, to fund working capital and for general corporate purposes. The Revolving Credit Facility includes an aggregate $200 million sub limit under which letters of credit can be issued. As of March 31, 2019 and December 31, 2018, the Company also had $15 million and $18 million, respectively, of issued and undrawn letters of credit outstanding under the Revolving Credit Facility. Interest expense on long-term debt and other obligations are as follows: Three Months Ended 2019 2018 Interest on long-term debt $ 45 $ 40 Interest expense on advance payments from customers 5 8 Interest on orbital securitization liability 2 2 Imputed interest and other — 2 Capitalized interest (3) (1) Interest expense on dissenting stockholder liability — 2 Total interest expense $ 49 $ 53

Financial instruments and fair

Financial instruments and fair value disclosures	3 Months Ended
	Mar. 31, 2019
Financial instruments and fair value disclosures
Financial instruments and fair value disclosures	10. FINANCIAL INSTRUMENTS AND FAIR VALUE DISCLOSURES Fair value is determined based on the assumptions that market participants would use in pricing the asset or liability. The Company utilizes the following fair value hierarchy in determining fair value: Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e., as prices) or indirectly (i.e., derived from prices) Level 3: Inputs for the asset or liability that are not based on observable market data (unobservable inputs) The following tables present assets and liabilities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy. A financial asset or liability’s classification within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement. These fair values are included as components of Other current liabilities, Other non-current liabilities, Prepaid and other current assets, and Other assets in the accompanying Unaudited Condensed Consolidated Balance Sheets. Recurring Fair Value Measurements of as of March 31, 2019 Level 1 Level 2 Level 3 Total Assets Short-term investments $ 3 $ — $ — $ 3 Derivative financial instruments Foreign exchange forward contracts & embedded derivatives — 4 — 4 $ 3 $ 4 $ — $ 7 Liabilities Derivative financial instruments Foreign exchange forward contracts & embedded derivatives $ — $ 3 $ — $ 3 Interest rate swaps — 9 — 9 $ — $ 12 $ — $ 12 Recurring Fair Value Measurements of as of December 31, 2018 Level 1 Level 2 Level 3 Total Assets Short-term investments $ 3 $ — $ — $ 3 Derivative financial instruments Foreign exchange forward contracts & embedded derivatives — 5 — 5 $ 3 $ 5 $ — $ 8 Liabilities Derivative financial instruments Foreign exchange forward contracts & embedded derivatives — 8 — 8 Interest rate swaps — 4 — 4 $ — $ 12 $ — $ 12 The Company determines fair value of its derivative financial instruments based on internal valuation models, such as discounted cash flow analysis, using management estimates and observable market-based inputs, as applicable. Management estimates include assumptions concerning the amount and timing of estimated future cash flows and application of appropriate discount rates. Observable market-based inputs are sourced from third parties and include interest rates and yield curves, currency spot and forward rates, and credit spreads, as applicable. Cash and cash equivalents, accounts receivable, accounts payable and accrued liabilities are all short-term in nature; therefore, the carrying value of these items approximates their fair value. The following tables provide additional fair value information related to the Company’s financial instruments: As of March 31, 2019 Carrying value Fair value Fair value hierarchy Long-term debt, excluding finance leases and other $ 3,181 $ 3,083 Level 2 Orbital receivables 434 434 Level 2 As of December 31, 2018 Carrying value Fair value Fair value hierarchy Long-term debt, excluding finance leases and other $ 3,034 $ 2,925 Level 2 Orbital receivables 441 441 Level 2 There were no transfers into or out of each of the levels of the fair value hierarchy during the three months ended March 31, 2019 or year ended December 31, 2018 .

Stockholders' equity

Stockholders' equity	3 Months Ended
	Mar. 31, 2019
Stockholders' equity
Stockholders' equity	11. Changes in the components of Accumulated other comprehensive income (loss) are as follows: Foreign Net (Loss) Income Total Currency on Hedge Unrecognized Accumulated Other Translation Investments in (Loss) Gain on Pension Comprehensive Adjustments Foreign Operations Derivatives 1 Adjustments Income (Loss) Balance as of December 31, 2018 $ 162 $ (51) $ (4) $ (25) $ 82 Other comprehensive (loss) income (9) 5 (4) 3 (5) Tax expense — — — (1) (1) Balance as of March 31, 2019 $ 153 $ (46) $ (8) $ (23) $ 76 1 As of January 1, 2019, the Company has discontinued hedge accounting related to the Company’s foreign exchange contracts. The Company still applies hedge accounting to the interest rate swaps related to long-term debt. As of March 31, 2019 the balance consisted of unrecognized loss on the Company’s interest rate swaps. As a result of the Company’s U.S. Domestication on January 1, 2019, a reclassification between Common Stock and Additional paid-in capital was necessary to reflect the Company’s new par value of $0.0001. The reclassification between Common Stock and Additional paid-in capital of $1.7 billion has been reflected within the Unaudited Condensed Consolidated Statements of Change in Stockholders’ Equity at March 31, 2019.

Revenue

Revenue	3 Months Ended
	Mar. 31, 2019
Revenue
Revenue	12. REVENUE On March 31, 2019, the Company had $1.9 billion of remaining performance obligations, which represents the transaction price of firm orders less inception to date sales recognized. Remaining performance obligations exclude unexercised contract options and indefinite delivery/indefinite quantity contracts. The Company expects to recognize sales relating to existing performance obligations of approximately $1.0 billion, $0.3 billion, and $0.6 billion in the years 2019, 2020 and thereafter, respectively. Contract liabilities by segment are as follows: Space As of March 31, 2019 Systems Imagery 1 Services Total Contract liabilities $ 128 $ 222 $ 2 $ 352 Space As of December 31, 2018 Systems Imagery 1 Services Total Contract liabilities $ 172 $ 247 $ 2 $ 421 1 The contract liability balance associated with the Company’s EnhancedView Contract was $ 159 million and $184 million as of March 31, 2019 and December 31, 2018, respectively. During the three months ended March 31, 2019, imputed interest on advanced payments increased the contract liability balance by $5 million, and $30 million in revenue was recognized, decreasing the contract liability balance. The contract liability balance associated with the Company’s EnhancedView Contract is expected to be recognized as revenue through August 31, 2020. There were no deferred contract costs on the Unaudited Condensed Consolidated Balance Sheets associated with this contract as of March 31, 2019 or December 31, 2018. The decrease in total contract liabilities was primarily due to revenues recognized. The Company’s primary sources of revenues are as follows: Three months ended March 31, 2019 Space Systems Imagery Services Eliminations Total Product revenues $ 194 $ — $ — $ — $ 194 Service revenues 45 199 66 — 310 Intersegment 35 1 2 (38) — $ 274 $ 200 $ 68 $ (38) $ 504 Three months ended March 31, 2018 Space Systems Imagery Services Eliminations Total Product revenues $ 228 $ — $ — $ — $ 228 Service revenues 51 210 68 — 329 Intersegment 14 1 2 (17) — $ 293 $ 211 $ 70 $ (17) $ 557 Certain of the Company’s contracts with customers in the Space Systems segment include a significant financing component since payments are received from the customer more than one year after delivery of the promised goods or services. The Company recognized orbital interest revenue of $7 million and $8 million for the three months ended March 31, 2019 and 2018, respectively related to these contracts, which is included in product revenues. The approximate revenues based on geographic location of customers are as follows: Three Months Ended March 31, 2019 2018 United States $ 338 $ 369 Asia 68 76 Canada 25 48 Europe 26 33 South America 39 22 Other 8 9 Total revenues $ 504 $ 557 Revenues from significant customers are as follows: Three Months Ended March 31, 2019 2018 U.S. Federal Government and agencies $ 231 $ 232 Canadian Federal Government and agencies 20 28

Segment information

Segment information	3 Months Ended
	Mar. 31, 2019
Segment information
Segment information	13. SEGMENT INFORMATION The Company’s business is organized into three reportable segments based on the nature of the products and services offered: (i) Space Systems; (ii) Imagery; and (iii) Services. The Space Systems reportable segment supplies space-based and ground-based infrastructure and information solutions including communication and imaging satellites, satellite payloads and antenna subsystems, space-based and airborne surveillance solutions, robotic systems and associated ground infrastructure and support services. The Imagery segment is a supplier of high resolution Earth imagery and radar data sourced from the Company owned satellite constellations and third-party providers. The Services segment combines imagery, analytic expertise and innovative technology to deliver integrated intelligence solutions to customers. Transactions between segments are generally negotiated and accounted for under terms and conditions similar to other government and commercial contracts. The reconciling item “corporate and other unallocated expenses” includes items such as corporate office costs, regulatory costs, executive and director compensation, foreign exchange gains and losses, and fees for audit, legal and consulting services. The Company’s Chief Operating Decision Maker (“CODM”) measures the performance of each segment based on revenue and Adjusted EBITDA. Adjusted EBITDA is defined as EBITDA adjusted for certain items affecting comparability as specified in the calculation. Other unallocated expenses include SSL retention costs and foreign exchange gains and losses which are not included in segment Adjusted EBITDA. The following table summarizes the operating performance of the Company’s segments: Three Months Ended March 31, 2019 2018 Revenues: Space Systems $ 274 $ 293 Imagery 200 211 Services 68 70 Intersegment eliminations (38) (17) Total revenues $ 504 $ 557 Adjusted EBITDA: Space Systems $ 10 $ 28 Imagery 121 134 Services 7 4 Intersegment eliminations (3) (2) Depreciation and amortization (98) (111) Corporate and other unallocated expenses (18) (13) Restructuring (20) — Acquisition and integration related expense (4) (4) Inventory impairment (3) — CEO severance (3) — Interest expense, net (49) (53) Equity loss from joint ventures, net of tax 1 — Net (loss) earnings before income taxes $ (59) $ (17) The Company’s capital expenditures are as follows: Space Corporate and Three months ended March 31, 2019 Systems Imagery Services eliminations Total Capital expenditures: Property, plant and equipment $ 6 $ 50 $ — $ 3 $ 59 Intangible assets 1 13 — — 14 $ 7 $ 63 $ — $ 3 $ 73 Space Corporate and Three months ended March 31, 2018 Systems Imagery Services eliminations Total Capital expenditures: Property, plant and equipment $ 5 $ 38 $ — $ — $ 43 Intangible assets — 17 — — 17 $ 5 $ 55 $ — $ — $ 60 Substantially all of the Company’s long-lived tangible assets were in the United States as of March 31, 2019 and December 31, 2018.

Employee benefit plans

Employee benefit plans	3 Months Ended
	Mar. 31, 2019
Employee benefit plans
Employee benefit plans	14. EMPLOYEE BENEFIT PLANS The following table summarizes the components of net periodic benefit (credits) costs for the Company’s pension plans: Three Months Ended March 31, Pension 2019 2018 Service cost $ 1 $ 2 Interest cost 6 — Expected return on plan assets (6) — Expenses paid — — Net periodic benefit (credit) cost $ 1 $ 2 Contributions. The funding policy for the Company’s pension plans is to contribute at least the minimum required by applicable laws and regulations or to directly make benefit payments where appropriate. At March 31, 2019, all legal funding requirements had been met. The Company expects to contribute approximately $14 million to its pension plans for the year ending December 31, 2019.

Income taxes

Income taxes	3 Months Ended
	Mar. 31, 2019
Income taxes
Income taxes	15. INCOME TAXES On January 1, 2019, the Company completed the U.S. Domestication. The Company has estimated there are no material corporate tax consequences as a result of the U.S. Domestication; however, the Company’s effective tax rate is expected to increase in the future primarily due to related changes in corporate structure and the application of U.S. tax law to the Company. In prior years, the Company’s income taxes were described as Canadian and non-Canadian. Following the U.S. Domestication, the Company will describe its income tax in the context of U.S. and non-U.S. Following the U.S. Domestication, the Company is subject to taxation on a material amount of Global Intangible Low-Tax Income (“GILTI”) earned by foreign subsidiaries. The Company has elected to treat the tax effect of GILTI as a current period expense when incurred. The Company expects the net impact of the GILTI for the 2019 fiscal year to be immaterial due to a corresponding change in the valuation allowance. In computing income tax expense for the quarter ended March 31, 2019, the Company applied the estimated annual effective tax rate to non-U.S. pre-tax income. No income tax expense was recognized on U.S. income as the Company does not expect to recognize the benefit of U.S. losses recorded in the year. This resulted in an effective income tax rate of 14.4% in the quarter ended March 31, 2019. In the quarter ended March 31, 2018, income tax expense was computed as (17.5%). The effective tax rate increased primarily due to transactions undertaken in the course of the U.S. Domestication and a change in the mix of income between jurisdictions.

Earnings per share

Earnings per share	3 Months Ended
	Mar. 31, 2019
Earnings per share
Earnings per share	16. EARNINGS PER SHARE The following table includes the calculation of basic and diluted Earnings per common share: Three Months Ended March 31, 2019 2018 Net (loss) income $ (59) $ 15 Weighted average number of common shares outstanding-basic 59.5 56.4 Weighted dilutive effect of equity awards — 0.3 Weighted average number of common shares outstanding-diluted 59.5 56.7 Earnings per common share: Basic $ (0.99) $ 0.27 Dilutive $ (0.99) $ 0.26

Contingencies

Contingencies	3 Months Ended
	Mar. 31, 2019
Contingencies
Contingencies	17. CONTINGENCIES Contingencies in the Normal Course of Business As discussed in Note 3, satellite construction contracts may include performance incentives whereby payment for a portion of the purchase price of the satellite is contingent upon in-orbit performance of the satellite. The Company’s ultimate receipt of orbital performance incentives is subject to the continued performance of its satellites generally over the contractually stipulated life of the satellites. A complete or partial loss of a satellite’s functionality can result in loss of orbital receivable payments or repayment of amounts received by the Company under a warranty payback arrangement. The Company generally receives the present value of the orbital receivables if there is a launch failure or a failure caused by a customer error, but will forfeit some or all of the orbital receivables if the loss is caused by satellite failure or as a result of Company error. The Company recognizes orbital performance incentives in the financial statements based on the amounts that are expected to be received and believes that it will not incur a material loss relating to the incentives recognized. The Company may incur liquidated damages on programs as a result of delays due to slippage, or for programs which fail to meet all milestone requirements as outlined within the contractual arrangements with customers. Losses on programs related to liquidated damages result in a reduction of revenue recognition. The Company enters into agreements in the ordinary course of business with resellers and others. Most of these agreements require the Company to indemnify the other party against third-party claims alleging that one of its products infringes or misappropriates a patent, copyright, trademark, trade secret or other intellectual property right. Certain of these agreements require the Company to indemnify the other party against claims relating to property damage, personal injury or acts or omissions by the Company, its employees, agents or representatives. From time to time, the Company has made guarantees regarding the performance of its systems to its customers. Some of these agreements do not limit the maximum potential future payments the Company could be obligated to make. The Company evaluates and estimates potential losses from such indemnification based on the likelihood that the future event will occur. The Company has not incurred any material costs as a result of such obligations and has not accrued any liabilities related to such indemnification and guarantees in the Unaudited Condensed Consolidated Financial Statements. The Company has entered into industrial cooperation agreements, sometimes referred to as offset agreements, as a condition to entering into contracts for its products and services from certain customers in foreign countries. These agreements are designed to return economic value to the foreign country and may be satisfied through activities that do not require a direct cash payment, including transferring technology, providing manufacturing, training and other consulting support to in-country projects. These agreements may provide for penalties in the event the Company fails to perform in accordance with offset requirements. The Company has historically not been required to pay any such penalties. Legal Proceedings In 2010, we entered into an agreement with a Ukrainian customer to provide a communication satellite system. In 2014, following the annexation of Crimea by the Russian Federation, we declared force majeure with respect to the program. The Ukrainian customer accepted that an event of force majeure had occurred. Following various unsuccessful efforts to arrive at a new contractual framework to take account of the changed circumstances (including the force majeure and various financial issues), the contract with the Ukrainian customer was terminated by us. We completed work on the spacecraft, which is in storage. In July 2018, the Ukrainian customer issued a statement of claim in the arbitration it had commenced against us, challenging our right to terminate for force majeure, purporting to terminate the contract for default by us, and seeking recovery from us in the amount of approximately $227 million. Discovery has concluded, and the matter is scheduled to be heard by the arbitration panel in December 2019. We have sound defenses to the petitioner’s claims, and will vigorously defend the claims asserted against us. We have accrued an amount that we believe is within the range of probable outcomes for resolving this matter; the amount is not material to our consolidated financial statements. However, the outcome of any arbitration is difficult to predict, and in the event that the arbitration results in a finding against us in excess of the amount we have reserved, our business, results of operations and financial condition could be adversely affected. In January 2019, a Maxar stockholder filed a class action lawsuit in the District Court of Colorado, naming Maxar and members of management as defendants alleging, among other things, that our public disclosures were deficient in violation of the federal securities laws and seeking monetary damages. Once the court appoints a lead plaintiff, that plaintiff will have sixty days to file a consolidated amended complaint and we will have sixty days to file a response. Also in January 2019, a Maxar stockholder resident in Canada issued a proposed class action lawsuit in the Ontario Superior Court of Justice against Maxar and members of management claiming misrepresentations in Maxar’s public disclosures and seeking monetary damages. The Canadian case has not yet been served on us. We believe that these cases are without merit and we intend to vigorously defend against them. We are a party to various other legal proceedings and claims that arise in the ordinary course of business as either a plaintiff or defendant. As a matter of course, we are prepared both to litigate these matters to judgment, as well as to evaluate and consider all reasonable settlement opportunities. We have established accrued liabilities for these matters where losses are deemed probable and reasonably estimable. The outcome of any of these other proceedings, either individually or in the aggregate, is not expected to have a material adverse effect on our financial position, results of operations or liquidity.

Supplemental cash flow

Supplemental cash flow	3 Months Ended
	Mar. 31, 2019
Supplemental cash flow
Supplemental cash flow	18. SUPPLEMENTAL CASH FLOW Selected cash payments and non-cash activities are as follows: Three Months Ended March 31, 2019 2018 Supplemental cash flow information: Cash paid for interest 1 $ (79) $ (54) Income tax payments (1) (1) Supplemental non-cash investing and financing activities: Accrued capital expenditures 13 5 1 The Company has the option to elect different interest periods on the Revolving Credit Facility. In the fourth quarter of 2017 and 2018, the Company elected a 3-month interest rate for a portion of its debt with payments due in the first quarter of the following year. In both 2019 and 2018 the Company made interest payments in the first quarter totaling $42 million and $21 million, respectively, which related to the fourth quarter of the previous year.

Subsequent events

Subsequent events	3 Months Ended
	Mar. 31, 2019
Subsequent events
Subsequent events	19. SUBSEQUENT EVENTS Subsequent to March 31, 2019, the insurance carriers accepted the Company’s $183 million claim for loss arising from the on-orbit failure of the WorldView-4 satellite and the Company has collected $154 million in proceeds. The Company expects to receive the remaining insurance proceeds by the end of the second quarter of 2019.

Summary of significant accoun_2

Summary of significant accounting policies (Policies)	3 Months Ended
	Mar. 31, 2019
Summary of significant accounting policies
Basis of preparation	Basis of preparation The Unaudited Condensed Consolidated Financial Statements include the accounts of Maxar Technologies Inc., and all of its consolidated subsidiary entities. The Company’s Unaudited Condensed Consolidated Financial Statements have been prepared in accordance with U.S. GAAP, and the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) . All intercompany balances and transactions are eliminated on consolidation. The Company’s Unaudited Condensed Consolidated Financial Statements are presented in U.S. dollars and have been prepared on a historical cost basis, except for certain financial assets and liabilities including derivative financial instruments which are stated at fair value. The Unaudited Condensed Consolidated Financial Statements should be read in conjunction with the Company’s annual audited consolidated financial statements and notes thereto included in the Company’s most recent Annual Report on Form 10-K filed with the SEC. Certain amounts in the prior year financial statements have been reclassified to conform to the current year presentation.
Use of estimates, assumptions and judgments	Use of estimates, assumptions and judgments The preparation of the Unaudited Condensed Consolidated Financial Statements in accordance with U.S. GAAP requires the Company to make estimates and judgments that affect the reported amounts of assets and liabilities and the disclosure of contingencies at the reporting date, as well as the reported amounts of revenues and expenses during the reporting period. Estimates have been prepared using the most current and best available information; however, actual results could differ materially from those estimates.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements Leases In February 2016, the Financial Accounting Standards Board (“FASB”) issued ASU 2016-02, Leases (Topic 842) (“ASU 2016-02”) which together with subsequent amendments is included in ASC 842 – Leases . This new standard requires that all leases with an initial term greater than one year be recorded on the balance sheet as a right-of-use asset and lease liability. Additional qualitative and quantitative disclosures are also required. The Company adopted the lease standard on January 1, 2019 using the modified retrospective transition approach on the effective date. The Company has elected the package of practical expedients, which allows the Company not to reassess whether any expired or existing contracts as of the adoption date are or contain a lease, lease classification for any expired or existing leases as of the adoption date and initial direct costs for any existing leases as of the adoption date. The Company has not elected the hindsight practical expedient when determining lease term and assessing impairment of right-of-use assets . Upon adoption, the Company recognized operating lease right-of-use assets and lease liabilities of $133 million and $176 million, respectively in its Unaudited Condensed Consolidated Balance Sheets. There were no material impacts to the Unaudited Condensed Consolidated Statements of Operations or Unaudited Condensed Consolidated Statements of Cash Flows. See Note 7 in this Quarterly Report on Form 10-Q for details. Taxes In February 2018, the FASB issued ASU 2018-02, Income Statement-Reporting Comprehensive Income (Topic 220) . The guidance in ASU 2018-02 allows an entity to elect to reclassify the stranded tax effects related to the Tax Cuts and Jobs Act of 2017 (“2017 Tax Act”) from accumulated other comprehensive income into retained earnings. ASU 2018-02 is effective for fiscal years beginning after December 15, 2018, with early adoption permitted. The Company adopted the update on January 1, 2019. There was no material impact on the Unaudited Condensed Consolidated Financial Statements.
Recent Accounting Guidance Not Yet Adopted	Recent Accounting Guidance Not Yet Adopted Financial Instruments In June 2016, the FASB issued ASU 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”) which together with subsequent amendments is included in ASC 326 – Financial Instruments – Credit Losses . ASU 2016-13 significantly changes the impairment model for most financial assets and certain other instruments. ASU 2016-13 will require immediate recognition of estimated credit losses expected to occur over the remaining life of many financial assets, which will generally result in earlier recognition of allowances for credit losses on loans and other financial instruments. These updates are effective for annual and interim financial statement periods beginning after December 15, 2019, with early adoption permitted for financial statement periods beginning after December 15, 2018. The Company is currently evaluating the impact the adoption of this guidance may have on the Company’s financial statements.

Trade and other receivables, _2

Trade and other receivables, net (Tables)	3 Months Ended
	Mar. 31, 2019
Trade and other receivables, net
Schedule of trade and other receivables, net	March 31, December 31, 2019 2018 Billed $ 207 $ 242 Unbilled 213 172 Total trade receivables 420 414 Orbital receivables, current portion 34 34 Other 14 17 Allowance for doubtful accounts (1) (1) Total trade and other receivables, net $ 467 $ 464

Inventory (Tables)

Inventory (Tables)	3 Months Ended
	Mar. 31, 2019
Inventory
Schedule of inventory	March 31, December 31, 2019 2018 Raw materials $ 15 $ 21 Work in process 11 10 Total inventory $ 26 $ 31

Property, plant and equipment_2

Property, plant and equipment, net (Tables)	3 Months Ended
	Mar. 31, 2019
Property, plant and equipment, net
Schedule of property, plant and equipment, net	Property, plant and equipment, net consisted of the following: March 31, December 31, 2019 2018 Satellites $ 397 $ 397 Equipment 229 229 Leasehold improvements 97 97 Computer hardware 92 92 Land and land improvements 88 88 Buildings 46 46 Furniture and fixtures 19 19 Construction in process 193 142 Property, plant and equipment, at cost 1,161 1,110 Accumulated depreciation (393) (363) Property, plant and equipment, net $ 768 $ 747

Intangible assets (Tables)

Intangible assets (Tables)	3 Months Ended
	Mar. 31, 2019
Intangible assets
Schedule of intangible assets	March 31, 2019 December 31, 2018 Gross carrying value Accumulated amortization Net carrying value Gross carrying value Accumulated amortization Net carrying value Customer relationships $ 619 $ (70) $ 549 $ 619 $ (58) $ 561 Backlog 332 (145) 187 332 (120) 212 Technologies 329 (101) 228 330 (86) 244 Software 210 (80) 130 198 (71) 127 Image library 80 (36) 44 80 (32) 48 Trade names and other 41 (11) 30 41 (9) 32 Non-compete agreements 21 (14) 7 21 (13) 8 Total intangible assets $ 1,632 $ (457) $ 1,175 $ 1,621 $ (389) $ 1,232

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2019
Leases
Schedule of components of lease expense	Three months ended March 31, Classification 2019 Operating lease expense Selling, general, and administrative expense, Product costs, and Service costs $ 8
Supplemental lease balance sheet information	March 31, Classification 2019 Assets: Operating Non-current operating lease assets $ 129 Finance Property, plant, and equipment, net 9 Total lease assets $ 138 Liabilities: Current Operating Current operating lease liabilities $ 33 Finance Other current liabilities 3 Non-current Operating Operating lease liabilities 137 Finance Other non-current liabilities 3 Total lease liabilities $ 176
Schedule of supplemental lease cash flow information	Three months ended March 31, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 9
Schedule of other supplemental lease information	March 31, 2019 Weighted average remaining lease term Operating leases 9 years Finance leases 3 years Weighted average discount rate Operating leases Finance leases
Schedule of maturities of finance lease liabilities	2019 1 2020 2021 2022 2023 Thereafter Less: imputed interest Total minimum lease payments Operating leases $ 26 $ 31 $ 29 $ 24 $ 22 $ 100 $ (62) $ 170 Finance leases 3 3 1 — — 9 (10) 6 1 Excludes the three months ended March 31, 2019
Schedule of maturities of operating liabilities	2019 1 2020 2021 2022 2023 Thereafter Less: imputed interest Total minimum lease payments Operating leases $ 26 $ 31 $ 29 $ 24 $ 22 $ 100 $ (62) $ 170 Finance leases 3 3 1 — — 9 (10) 6 1 Excludes the three months ended March 31, 2019

Restructuring liability (Tables

Restructuring liability (Tables)	3 Months Ended
	Mar. 31, 2019
Restructuring liability
Schedule of changes to restructuring liabilities	Restructuring Liability Balance as of December 31, 2018 $ 6 Obligations incurred 20 Payments (5) Balance as of March 31, 2019 $ 21

Long term debt and interest exp

Long term debt and interest expense (Tables)	3 Months Ended
	Mar. 31, 2019
Long-term debt and interest expense
Summary of long term debt	March 31, December 31, 2019 2018 Syndicated credit facility: Revolving loan payable $ 734 $ 595 Operating loan payable in Canadian dollars (March 31, 2019 - C$15 million; December 31, 2018 - C$0 million) 11 — Term Loan A 500 500 Term Loan B 1,975 1,980 Debt issuance costs (39) (41) Obligations under finance leases and other 12 13 Total long-term debt 3,193 3,047 Current portion (19) (17) Non-current portion $ 3,174 $ 3,030
Schedule of interest expense on long term debt and other obligations	Three Months Ended 2019 2018 Interest on long-term debt $ 45 $ 40 Interest expense on advance payments from customers 5 8 Interest on orbital securitization liability 2 2 Imputed interest and other — 2 Capitalized interest (3) (1) Interest expense on dissenting stockholder liability — 2 Total interest expense $ 49 $ 53

Financial instruments and fai_2

Financial instruments and fair value disclosures (Tables)	3 Months Ended
	Mar. 31, 2019
Financial instruments and fair value disclosures
Summary of financial instruments measured at fair value in the accompanying consolidated balance sheets	Recurring Fair Value Measurements of as of March 31, 2019 Level 1 Level 2 Level 3 Total Assets Short-term investments $ 3 $ — $ — $ 3 Derivative financial instruments Foreign exchange forward contracts & embedded derivatives — 4 — 4 $ 3 $ 4 $ — $ 7 Liabilities Derivative financial instruments Foreign exchange forward contracts & embedded derivatives $ — $ 3 $ — $ 3 Interest rate swaps — 9 — 9 $ — $ 12 $ — $ 12 Recurring Fair Value Measurements of as of December 31, 2018 Level 1 Level 2 Level 3 Total Assets Short-term investments $ 3 $ — $ — $ 3 Derivative financial instruments Foreign exchange forward contracts & embedded derivatives — 5 — 5 $ 3 $ 5 $ — $ 8 Liabilities Derivative financial instruments Foreign exchange forward contracts & embedded derivatives — 8 — 8 Interest rate swaps — 4 — 4 $ — $ 12 $ — $ 12
Summary of financial instruments recorded at carrying value in the accompanying consolidated balance sheets	As of March 31, 2019 Carrying value Fair value Fair value hierarchy Long-term debt, excluding finance leases and other $ 3,181 $ 3,083 Level 2 Orbital receivables 434 434 Level 2 As of December 31, 2018 Carrying value Fair value Fair value hierarchy Long-term debt, excluding finance leases and other $ 3,034 $ 2,925 Level 2 Orbital receivables 441 441 Level 2

Stockholders' equity (Tables)

Stockholders' equity (Tables)	3 Months Ended
	Mar. 31, 2019
Stockholders' equity
Schedule of changes in the components of accumulated other comprehensive income (loss)	Foreign Net (Loss) Income Total Currency on Hedge Unrecognized Accumulated Other Translation Investments in (Loss) Gain on Pension Comprehensive Adjustments Foreign Operations Derivatives 1 Adjustments Income (Loss) Balance as of December 31, 2018 $ 162 $ (51) $ (4) $ (25) $ 82 Other comprehensive (loss) income (9) 5 (4) 3 (5) Tax expense — — — (1) (1) Balance as of March 31, 2019 $ 153 $ (46) $ (8) $ (23) $ 76 1 As of January 1, 2019, the Company has discontinued hedge accounting related to the Company’s foreign exchange contracts. The Company still applies hedge accounting to the interest rate swaps related to long-term debt. As of March 31, 2019 the balance consisted of unrecognized loss on the Company’s interest rate swaps.

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	Mar. 31, 2019
Revenue
Summary of contract assets and contract liabilities by segment	Space As of March 31, 2019 Systems Imagery 1 Services Total Contract liabilities $ 128 $ 222 $ 2 $ 352 Space As of December 31, 2018 Systems Imagery 1 Services Total Contract liabilities $ 172 $ 247 $ 2 $ 421 1 The contract liability balance associated with the Company’s EnhancedView Contract was $ 159 million and $184 million as of March 31, 2019 and December 31, 2018, respectively. During the three months ended March 31, 2019, imputed interest on advanced payments increased the contract liability balance by $5 million, and $30 million in revenue was recognized, decreasing the contract liability balance. The contract liability balance associated with the Company’s EnhancedView Contract is expected to be recognized as revenue through August 31, 2020. There were no deferred contract costs on the Unaudited Condensed Consolidated Balance Sheets associated with this contract as of March 31, 2019 or December 31, 2018.
Summary of revenue by primary sources	Three months ended March 31, 2019 Space Systems Imagery Services Eliminations Total Product revenues $ 194 $ — $ — $ — $ 194 Service revenues 45 199 66 — 310 Intersegment 35 1 2 (38) — $ 274 $ 200 $ 68 $ (38) $ 504 Three months ended March 31, 2018 Space Systems Imagery Services Eliminations Total Product revenues $ 228 $ — $ — $ — $ 228 Service revenues 51 210 68 — 329 Intersegment 14 1 2 (17) — $ 293 $ 211 $ 70 $ (17) $ 557
Summary of revenue by geographic location	Three Months Ended March 31, 2019 2018 United States $ 338 $ 369 Asia 68 76 Canada 25 48 Europe 26 33 South America 39 22 Other 8 9 Total revenues $ 504 $ 557
Schedule of revenue from significant customers	Three Months Ended March 31, 2019 2018 U.S. Federal Government and agencies $ 231 $ 232 Canadian Federal Government and agencies 20 28

Segment information (Tables)

Segment information (Tables)	3 Months Ended
	Mar. 31, 2019
Segment information
Summary of operating performance of the reporting segments	Three Months Ended March 31, 2019 2018 Revenues: Space Systems $ 274 $ 293 Imagery 200 211 Services 68 70 Intersegment eliminations (38) (17) Total revenues $ 504 $ 557 Adjusted EBITDA: Space Systems $ 10 $ 28 Imagery 121 134 Services 7 4 Intersegment eliminations (3) (2) Depreciation and amortization (98) (111) Corporate and other unallocated expenses (18) (13) Restructuring (20) — Acquisition and integration related expense (4) (4) Inventory impairment (3) — CEO severance (3) — Interest expense, net (49) (53) Equity loss from joint ventures, net of tax 1 — Net (loss) earnings before income taxes $ (59) $ (17)
Schedule of capital expenditures by segment	Space Corporate and Three months ended March 31, 2019 Systems Imagery Services eliminations Total Capital expenditures: Property, plant and equipment $ 6 $ 50 $ — $ 3 $ 59 Intangible assets 1 13 — — 14 $ 7 $ 63 $ — $ 3 $ 73 Space Corporate and Three months ended March 31, 2018 Systems Imagery Services eliminations Total Capital expenditures: Property, plant and equipment $ 5 $ 38 $ — $ — $ 43 Intangible assets — 17 — — 17 $ 5 $ 55 $ — $ — $ 60

Employee benefit plans (Tables)

Employee benefit plans (Tables)	3 Months Ended
	Mar. 31, 2019
Employee benefit plans
Summary of the components of net periodic benefit (credits) cost	Three Months Ended March 31, Pension 2019 2018 Service cost $ 1 $ 2 Interest cost 6 — Expected return on plan assets (6) — Expenses paid — — Net periodic benefit (credit) cost $ 1 $ 2

Earnings per share (Tables)

Earnings per share (Tables)	3 Months Ended
	Mar. 31, 2019
Earnings per share
Summary of calculation of basic and diluted EPS	Three Months Ended March 31, 2019 2018 Net (loss) income $ (59) $ 15 Weighted average number of common shares outstanding-basic 59.5 56.4 Weighted dilutive effect of equity awards — 0.3 Weighted average number of common shares outstanding-diluted 59.5 56.7 Earnings per common share: Basic $ (0.99) $ 0.27 Dilutive $ (0.99) $ 0.26

Supplemental cash flow (Tables)

Supplemental cash flow (Tables)	3 Months Ended
	Mar. 31, 2019
Supplemental cash flow
Schedule of supplemental cash flow	Three Months Ended March 31, 2019 2018 Supplemental cash flow information: Cash paid for interest 1 $ (79) $ (54) Income tax payments (1) (1) Supplemental non-cash investing and financing activities: Accrued capital expenditures 13 5 1 The Company has the option to elect different interest periods on the Revolving Credit Facility. In the fourth quarter of 2017 and 2018, the Company elected a 3-month interest rate for a portion of its debt with payments due in the first quarter of the following year. In both 2019 and 2018 the Company made interest payments in the first quarter totaling $42 million and $21 million, respectively, which related to the fourth quarter of the previous year.

General business description (D

General business description (Details)	3 Months Ended
	Mar. 31, 2019segment
General business description
Number of reportable segments	3

Summary of significant accoun_3

Summary of significant accounting policies - Narratives (Details) - USD ($) $ in Millions	Mar. 31, 2019	Jan. 01, 2019
Leases
Operating lease right-of-use assets	$ 129
Operating lease liability	$ 170
ASU 2016-02
Leases
Operating lease right-of-use assets		$ 133
Operating lease liability		$ 176

Trade and other receivables, _3

Trade and other receivables, net (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Trade and other receivables, net
Billed	$ 207	$ 242
Unbilled	213	172
Total trade receivables	420	414
Orbital receivables, current portion	34	34
Other	14	17
Allowance for doubtful accounts	(1)	(1)
Total trade and other receivables, net	$ 467	$ 464

Trade and other receivables, _4

Trade and other receivables, net - Orbital receivables (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Trade and other receivables, net
Orbital receivables	$ 400	$ 407

Inventory (Details)

Inventory (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Inventory
Raw materials	$ 15	$ 21
Work in process	11	10
Total inventory	$ 26	$ 31

Property, plant and equipment_3

Property, plant and equipment, net (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Property, plant and equipment
Property, plant and equipment, at cost	$ 1,161		$ 1,110
Accumulated depreciation	(393)		(363)
Property, plant and equipment, net	768		747
Depreciation	30	$ 37
Satellites
Property, plant and equipment
Property, plant and equipment, at cost	397		397
Equipment
Property, plant and equipment
Property, plant and equipment, at cost	229		229
Leasehold improvements
Property, plant and equipment
Property, plant and equipment, at cost	97		97
Computer hardware
Property, plant and equipment
Property, plant and equipment, at cost	92		92
Land and Land improvements
Property, plant and equipment
Property, plant and equipment, at cost	88		88
Buildings
Property, plant and equipment
Property, plant and equipment, at cost	46		46
Furniture and fixtures
Property, plant and equipment
Property, plant and equipment, at cost	19		19
Construction in process
Property, plant and equipment
Property, plant and equipment, at cost	$ 193		$ 142

Intangible assets (Details)

Intangible assets (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Finite-lived intangible assets:
Gross carrying value	$ 1,632		$ 1,621
Accumulated amortization	(457)		(389)
Net carrying value	1,175		1,232
Amortization of intangible assets	68	$ 74
Trade names and other
Finite-lived intangible assets:
Gross carrying value	41		41
Accumulated amortization	(11)		(9)
Net carrying value	30		32
Customer relationships
Finite-lived intangible assets:
Gross carrying value	619		619
Accumulated amortization	(70)		(58)
Net carrying value	549		561
Backlog
Finite-lived intangible assets:
Gross carrying value	332		332
Accumulated amortization	(145)		(120)
Net carrying value	187		212
Technologies
Finite-lived intangible assets:
Gross carrying value	329		330
Accumulated amortization	(101)		(86)
Net carrying value	228		244
Software
Finite-lived intangible assets:
Gross carrying value	210		198
Accumulated amortization	(80)		(71)
Net carrying value	130		127
Image library
Finite-lived intangible assets:
Gross carrying value	80		80
Accumulated amortization	(36)		(32)
Net carrying value	44		48
Non-compete agreements
Finite-lived intangible assets:
Gross carrying value	21		21
Accumulated amortization	(14)		(13)
Net carrying value	$ 7		$ 8

Leases (Details)

Leases (Details)	3 Months Ended
	Mar. 31, 2019
Leases
Option to extend - Operating	true
Option to extend - Finance	true
Minimum
Leases
Remaining lease term - Operating	1 year
Remaining lease term - Finance	1 year
Option to extend - Operating	1 year
Option to extend - Finance	1 year
Maximum
Leases
Remaining lease term - Operating	16 years
Remaining lease term - Finance	16 years
Option to extend - Operating	10 years
Option to extend - Finance	10 years

Leases - Components of lease ex

Leases - Components of lease expense (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)
Selling, general, and administrative expense, Product costs, and Service costs
Leases
Operating lease cost	$ 8

Leases - Supplemental lease bal

Leases - Supplemental lease balance sheet information (Details) $ in Millions	Mar. 31, 2019USD ($)
Leases
Non-current operating lease assets	$ 129
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Non-current operating lease assets
Finance	$ 9
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Property, Plant and Equipment, Net
Total leased assets	$ 138
Current operating lease liabilities	$ 33
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Current operating lease liabilities
Operating lease liability, non current	$ 137
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Operating lease liability, non current
Finance lease liability, current	$ 3
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Other Liabilities, Current
Finance lease liability, non current	$ 3
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other Liabilities, Noncurrent
Total leased Liabilities	$ 176

Leases - Supplemental lease cas

Leases - Supplemental lease cash flow information (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 9

Leases - Other Supplemental lea

Leases - Other Supplemental lease information (Details)	Mar. 31, 2019
Leases
Operating leases - Weighted average remaining lease term (Years)	9 years
Finance leases - Weighted average remaining lease term (Years)	3 years
Operating leases - Weighted average discount rate	7.10%
Finance leases - Weighted average discount rate	4.70%

Leases - Maturities of lease li

Leases - Maturities of lease liabilities (Details) $ in Millions	Mar. 31, 2019USD ($)
Operating leases
2019	$ 26
2020	31
2021	29
2022	24
2023	22
Thereafter	100
Less: imputed interest	(62)
Total minimum lease payments	170
Finance leases
2019	3
2020	3
2021	1
Thereafter	9
Less: imputed interest	(10)
Total minimum lease payments	$ 6

Restructuring liability (Detail

Restructuring liability (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)
Restructuring liability
Balance as of December 31, 2018	$ 6
Obligations incurred	20
Payments	(5)
Balance as of March 31, 2019	$ 21

Long term debt and interest e_2

Long term debt and interest expense (Details) $ in Millions, $ in Millions	Mar. 31, 2019CAD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2018CAD ($)	Dec. 31, 2018USD ($)
Long-term debt and interest expenses
Debt issuance costs		$ (39)		$ (41)
Obligations under finance leases and other		12		13
Total long-term debt		3,193		3,047
Current portion		(19)		(17)
Non-current portion		3,174		3,030
Revolving loan payable
Long-term debt and interest expenses
Long-term debt		734		595
Operating loan payable
Long-term debt and interest expenses
Long-term debt	$ 15	11	$ 0
Term Loan A
Long-term debt and interest expenses
Long-term debt		500		500
Term Loan B
Long-term debt and interest expenses
Long-term debt		$ 1,975		$ 1,980

Long term debt and interest e_3

Long term debt and interest expense - Syndicated credit facility (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Letter of credit
Long-term debt and interest expenses
Maximum borrowing capacity	$ 200
Letter of credit outstanding	$ 15	$ 18
DigitalGlobe | Senior secured first lien revolving credit facility
Long-term debt and interest expenses
Term of debt	4 years
DigitalGlobe | Senior Secured First Lien Operating Facility
Long-term debt and interest expenses
Term of debt	4 years
DigitalGlobe | Term Loan B
Long-term debt and interest expenses
Term of debt	7 years
Aggregate principal amount	$ 3,750

Long term debt and interest e_4

Long term debt and interest expense - Interest expense on long term debts and other obligations (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Interest expenses
Interest on long-term debt	$ 45	$ 40
Interest expense on advance payments from customers	5	8
Interest on orbital securitization liability	2	2
Imputed interest and other		2
Capitalized interest	(3)	(1)
Interest expense on dissenting stockholder liability		2
Total interest expense	$ 49	$ 53

Financial instruments and fai_3

Financial instruments and fair value disclosures - Financial instruments measured at fair value (Details) - Recurring - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Assets
Short-term investments	$ 3	$ 3
Assets fair value	7	8
Liabilities
Liabilities fair value	12	12
Foreign exchange forward contracts & embedded derivatives
Assets
Derivative financial instruments	4	5
Liabilities
Derivative financial instruments	3	8
Interest rate swaps
Liabilities
Derivative financial instruments	9	4
Level 1
Assets
Short-term investments	3	3
Assets fair value	3	3
Level 2
Assets
Assets fair value	4	5
Liabilities
Liabilities fair value	12	12
Level 2 | Foreign exchange forward contracts & embedded derivatives
Assets
Derivative financial instruments	4	5
Liabilities
Derivative financial instruments	3	8
Level 2 | Interest rate swaps
Liabilities
Derivative financial instruments	$ 9	$ 4

Financial instruments and fai_4

Financial instruments and fair value disclosures - Financial instruments recorded at carrying value (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Financial instruments and fair value disclosures
Fair value assets level 1 to level 2 transfers	$ 0	$ 0
Fair value assets level 2 to level 1 transfers	0	0
Fair value assets transfers into level 3	0	0
Fair value assets transfers out of level 3	0	0
Fair value liabilities level 1 to level 2 transfers	0	0
Fair value liabilities level 2 to level 1 transfers	0	0
Fair value liabilities transfers into level 3	0	0
Fair value liabilities transfers out of level 3	0	0
Level 2 | Carrying value
Financial instruments and fair value disclosures
Long-term debt, excluding finance leases and other	3,181	3,034
Orbital receivable	434	441
Level 2 | Fair value
Financial instruments and fair value disclosures
Long-term debt, excluding finance leases and other	3,083	2,925
Orbital receivable	$ 434	$ 441

Stockholders' equity - Componen

Stockholders' equity - Components of accumulated other comprehensive income (loss) (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)
Accumulated Other Comprehensive Income (Loss)
Balance at the beginning of period	$ 643
Balance at the end of period	579
Accumulated other comprehensive income (loss)
Accumulated Other Comprehensive Income (Loss)
Balance at the beginning of period	82
Other comprehensive (loss) income	(5)
Tax expense	(1)
Balance at the end of period	76
Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss)
Balance at the beginning of period	162
Other comprehensive (loss) income	(9)
Balance at the end of period	153
Net (Loss) Income Hedge Investments in Foreign Operations
Accumulated Other Comprehensive Income (Loss)
Balance at the beginning of period	(51)
Other comprehensive (loss) income	5
Balance at the end of period	(46)
Unrecognized (Loss) Gain on Derivative Instruments
Accumulated Other Comprehensive Income (Loss)
Balance at the beginning of period	(4)
Other comprehensive (loss) income	(4)
Balance at the end of period	(8)
Pension Adjustments
Accumulated Other Comprehensive Income (Loss)
Balance at the beginning of period	(25)
Other comprehensive (loss) income	3
Tax expense	(1)
Balance at the end of period	$ (23)

Stockholders' equity (Details)

Stockholders' equity (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2019	Jan. 01, 2019
Stockholders' equity
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common Stock
Stockholders' equity
Reclassification of APIC due to U.S. Domestication	$ (1,713)
Additional paid in capital
Stockholders' equity
Reclassification of APIC due to U.S. Domestication	$ 1,713

Revenue - Remaining performance

Revenue - Remaining performance obligations (Details) $ in Billions	Mar. 31, 2019USD ($)
Revenue
Remaining performance obligation	$ 1.9
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-04-01
Revenue
Remaining performance obligation	$ 1
Revenue
Expected timing of satisfaction	9 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-01-01
Revenue
Remaining performance obligation	$ 0.3
Revenue
Expected timing of satisfaction	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01
Revenue
Remaining performance obligation	$ 0.6
Revenue
Expected timing of satisfaction

Revenue - Contract assets and l

Revenue - Contract assets and liabilities (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Contract assets and contract liabilities
Contract Liabilities	$ 352	$ 421
Space Systems
Contract assets and contract liabilities
Contract Liabilities	128	172
Imagery
Contract assets and contract liabilities
Contract Liabilities	222	247
Imagery | EnhancedView contract
Contract assets and contract liabilities
Contract Liabilities	159	184
Increase in contract liability due to imputed interest on advance payments	5
Revenue recognized	30
Deferred contract costs	0	0
Services
Contract assets and contract liabilities
Contract Liabilities	$ 2	$ 2

Revenue - Disaggregation of rev

Revenue - Disaggregation of revenue by source (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Revenue
Revenues	$ 504	$ 557
Product
Revenue
Revenues	194	228
Service
Revenue
Revenues	310	329
Space Systems
Revenue
Orbital interest revenue	7	8
Operating Segments | Product
Revenue
Revenues	194	228
Operating Segments | Service
Revenue
Revenues	310	329
Operating Segments | Space Systems
Revenue
Revenues	274	293
Operating Segments | Space Systems | Product
Revenue
Revenues	194	228
Operating Segments | Space Systems | Service
Revenue
Revenues	45	51
Operating Segments | Imagery
Revenue
Revenues	200	211
Operating Segments | Imagery | Service
Revenue
Revenues	199	210
Operating Segments | Services
Revenue
Revenues	68	70
Operating Segments | Services | Service
Revenue
Revenues	66	68
Intersegment eliminations
Revenue
Revenues	(38)	(17)
Intersegment eliminations | Space Systems
Revenue
Revenues	35	14
Intersegment eliminations | Imagery
Revenue
Revenues	1	1
Intersegment eliminations | Services
Revenue
Revenues	$ 2	$ 2

Revenue - Disaggregation of r_2

Revenue - Disaggregation of revenue on geographic location of customers (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Revenue
Revenues	$ 504	$ 557
U.S.
Revenue
Revenues	338	369
Asia
Revenue
Revenues	68	76
Canada
Revenue
Revenues	25	48
Europe
Revenue
Revenues	26	33
South America
Revenue
Revenues	39	22
Other
Revenue
Revenues	$ 8	$ 9

Revenue - Disaggregation of r_3

Revenue - Disaggregation of revenue from significant customers (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Revenue
Revenues	$ 504	$ 557
U.S. Federal Government and agencies
Revenue
Revenues	231	232
Canadian Federal Government and agencies
Revenue
Revenues	$ 20	$ 28

Segment information - Operating

Segment information - Operating performance (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)segment	Mar. 31, 2018USD ($)
Segment information
Number of reportable segments | segment	3
Total revenues	$ 504	$ 557
Depreciation and amortization	(98)	(111)
Corporate and other unallocated expenses	(18)	(13)
Restructuring Charges	20
Acquisition and integration related expense	(4)	(4)
Inventory impairment	(3)
CEO severance	(3)
Interest expense, net	(49)	(53)
Equity loss from joint ventures, net of tax	1
(Loss) before taxes	(59)	(17)
Operating Segments | Space Systems
Segment information
Total revenues	274	293
Adjusted EBITDA	10	28
Operating Segments | Imagery
Segment information
Total revenues	200	211
Adjusted EBITDA	121	134
Operating Segments | Services
Segment information
Total revenues	68	70
Adjusted EBITDA	7	4
Intersegment eliminations
Segment information
Total revenues	(38)	(17)
Adjusted EBITDA	(3)	(2)
Intersegment eliminations | Space Systems
Segment information
Total revenues	35	14
Intersegment eliminations | Imagery
Segment information
Total revenues	1	1
Intersegment eliminations | Services
Segment information
Total revenues	$ 2	$ 2

Segment information - Capital e

Segment information - Capital expenditures (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Segment information
Capital expenditures, property, plant and equipment	$ 59	$ 43
Capital expenditures, intangible assets	14	17
Capital expenditures	73	60
Operating Segments | Space Systems
Segment information
Capital expenditures, property, plant and equipment	6	5
Capital expenditures, intangible assets	1
Capital expenditures	7	5
Operating Segments | Imagery
Segment information
Capital expenditures, property, plant and equipment	50	38
Capital expenditures, intangible assets	13	17
Capital expenditures	63	$ 55
Intersegment eliminations
Segment information
Capital expenditures, property, plant and equipment	3
Capital expenditures	$ 3

Employee benefit plans - Compon

Employee benefit plans - Components of net periodic benefit (credits) cost (Details) - Pensions Plans - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Employee benefit plans
Service cost	$ 1	$ 2
Interest cost	6
Expected return on plan assets	(6)
Net periodic benefit (credit) cost	$ 1	$ 2

Employee benefit plans - Narrat

Employee benefit plans - Narrative (Details) $ in Millions	Mar. 31, 2019USD ($)
Pensions Plans
Employee benefit plans
Expected future contribution by the employer	$ 14

Income taxes - Income tax rate

Income taxes - Income tax rate (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Income taxes
Income tax benefit	$ (1)	$ (32)
Effective income tax rate	14.40%	(17.50%)

Earnings per share (Details)

Earnings per share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Earnings per share
Net (loss) income	$ (59)	$ 15
Weighted average number of common shares outstanding - basic (in shares)	59.5	56.4
Weighted dilutive effect of equity awards		0.3
Weighted average number of common shares outstanding-diluted	59.5	56.7
Earnings per common share:
Basic (In dollars per share)	$ (0.99)	$ 0.27
Diluted (In dollars per share)	$ (0.99)	$ 0.26

Contingencies (Details)

Contingencies (Details) - Pending Litigation - USD ($) $ in Millions	1 Months Ended
	Jan. 31, 2019	Jul. 31, 2018
Ukranian customer
Contingencies
Recovery amount sought		$ 227
Stockholder class action
Contingencies
Time period for lead plaintiff to file a consolidated amended complaint after the court appoints a lead plaintiff	60 days
Time period for the Company to file a response to the consolidated amended complaint	60 days

Supplemental cash flow - (Detai

Supplemental cash flow - (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Supplemental cash flow information:
Cash paid for interest	$ (79)	$ (54)
Income tax payments	(1)	(1)
Supplemental non-cash investing and financing activities:
Accrued capital expenditures	13	5
Amount of interest payments made on Revolving Credit Facility	$ 42	$ 21

Subsequent events (Details)

Subsequent events (Details) - Subsequent event $ in Millions	1 Months Ended
	May 09, 2019USD ($)
Insurance Settlement
Subsequent events
Proceeds from insurance loss	$ 154
Insurance Claim
Subsequent events
Amount of Company’s claim for loss arising from on-orbit failure of the WorldView-4 satellite	$ 183