Maxar (MAXR) 10-Q 6 Aug 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Jul. 31, 2019
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2019
Document Transition Report	false
Entity File Number	001-38228
Entity Registrant Name	Maxar Technologies Inc.
Entity Incorporation State Country Code	DE
Entity Tax Identification Number	832809420
Entity Address, Address Line One	1300 W. 120th Avenue,
Entity Address, City or Town	Westminster
Entity Address, State or Province	CO
Entity Address, Postal Zip Code	80234
City Area Code	303
Local Phone Number	684-2207
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Security 12b Title	Common stock, at $0.0001 par value
Trading Symbol	MAXR
Security Exchange Name	NYSE
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Entity Central Index Key	0001121142
Amendment Flag	false
Common Stock
Entity Common Stock, Shares Outstanding		59,596,880
Series A Junior Participating Preferred Stock
Security 12b Title	Series A Junior Participating Preferred Stock, at $0.01 par value
Entity Common Stock, Shares Outstanding		0

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenues:
Revenues	$ 490	$ 579	$ 994	$ 1,136
Costs and expenses:
Selling, general and administrative	80	133	183	236
Depreciation and amortization	99	113	197	224
Impairment losses	12		12
Satellite insurance recovery	(183)		(183)
Operating income	196	2	192	39
Interest expense, net	49	50	98	103
Other (income) expense, net	(3)	4	3	5
Income (Loss) before taxes	150	(52)	91	(69)
Income tax expense (benefit)	2	(9)	1	(41)
Equity in loss (income) from joint ventures, net of tax	2	(3)	3	(3)
Net income (loss)	$ 146	$ (40)	$ 87	$ (25)
Income (Loss) earnings per common share:
Basic (In dollars per share)	$ 2.45	$ (0.70)	$ 1.46	$ (0.44)
Diluted (In dollars per share)	$ 2.45	$ (0.70)	$ 1.46	$ (0.44)
Product
Revenues:
Revenues	$ 190	$ 257	$ 384	$ 485
Costs and expenses:
Product costs, excluding depreciation and amortization	165	254	362	441
Service
Revenues:
Revenues	300	322	610	651
Costs and expenses:
Service costs, excluding depreciation and amortization	$ 121	$ 77	$ 231	$ 196

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive (Loss) Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Condensed Consolidated Statements of Comprehensive (Loss) Income
Net income (loss)	$ 146	$ (40)	$ 87	$ (25)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustment	15	5	11
Net (loss) on hedge of net investment in foreign operations		4	5	12
Unrealized (loss) gain on derivatives	(12)	3	(16)
Change in pension and other postretirement benefit plans			2
Other comprehensive income, net of tax	3	8	(3)
Comprehensive income (loss), net of tax	$ 149	(32)	84	(25)
Net (loss) on hedge of net investment in foreign operations		$ 4	$ 5	$ 12

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 63	$ 35
Trade and other receivables, net	490	464
Inventory	24	31
Advances to suppliers	10	42
Income taxes receivable	24	14
Prepaid and other current assets	54	51
Total current assets	665	637
Non-current assets:
Orbital receivables	405	407
Deferred tax assets	112	103
Property, plant and equipment, net	785	747
Intangible assets, net	1,120	1,232
Non-current operating lease assets	124
Goodwill	1,763	1,751
Other assets	109	124
Total assets	5,083	5,001
Current liabilities:
Accounts payable	172	209
Accrued liabilities	58	116
Accrued compensation and benefits	82	100
Contract liabilities	267	361
Current portion of long-term debt	17	17
Current operating lease liabilities	33
Other current liabilities	56	46
Total current liabilities	685	849
Non-current liabilities:
Pension and other postretirement benefits	192	196
Contract liabilities	29	60
Operating lease liabilities	133
Long-term debt	3,127	3,030
Other non-current liabilities	186	222
Total liabilities	4,352	4,357
Stockholders' equity:
Common stock ($0.0001 par value, 240 million common shares authorized and 59.6 million outstanding at June 30, 2019; nil par value, unlimited authorized common shares and 59.4 million outstanding at December 31, 2018)		1,713
Additional paid-in capital	1,776	59
Accumulated deficit	(1,125)	(1,211)
Accumulated other comprehensive income	79	82
Total Maxar stockholders' equity	730	643
Noncontrolling interest	1	1
Total stockholders' equity	731	644
Total liabilities and stockholders' equity	$ 5,083	$ 5,001

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 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	240,000,000
Common stock, shares outstanding	59,600,000	59,400,000

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Cash flows provided by (used in) Operating activities:
Net income (loss)	$ 87	$ (25)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation of property, plant and equipment	60	78
Amortization of intangible assets	137	146
Stock-based compensation expense	4	9
Amortization of debt issuance costs and other noncash interest expense	4	5
Impairment losses	15	0
Foreign exchange losses	3	8
Deferred income tax (benefit)	6	(26)
Other	(3)	6
Changes in operating assets and liabilities:
Trade and other receivables	(12)	(64)
Accrued compensation and benefits	(22)	(15)
Trade and other payables	(35)	(31)
Accrued liabilities	(60)	24
Contract liabilities	(126)	(113)
Advances to suppliers	32	20
Deferred tax assets	(9)	(14)
Deferred tax liabilities	(5)	27
Other liabilities	(7)	(17)
Other	(10)	(19)
Cash provided by (used in) operating activities	59	(1)
Investing activities:
Purchase of property, plant and equipment	(99)	(83)
Purchase or development of software	(28)	(37)
Cash collected on note receivable		5
Disposal of subsidiary and short-term investments	3	5
Cash used in investing activities	(124)	(110)
Financing activities:
Net proceeds from revolving credit facility	112	141
Repayments of long-term debt	(13)	(13)
Settlement of securitization liability	(8)	(6)
Payment of dividends	(1)	(32)
Change in overdraft balance		1
Cash provided by financing activities	90	91
Increase (decrease) in cash, cash equivalents, and restricted cash	25	(20)
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	$ 69	$ 22

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2019	Jun. 30, 2018
Reconciliation of cashflow information:
Cash and cash equivalents	$ 63	$ 12
Restricted cash included in prepaid and other current assets	5	9
Restricted cash included in other assets	1	1
Total cash, cash equivalents, and restricted cash	$ 69	$ 22

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, 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
Comprehensive income (loss)						(25)
Balance at the end of period at Jun. 30, 2018	$ 1,670	61	61	113	1	1,906
Balance at the end of period (in shares) at Jun. 30, 2018	58.7
Balance at the beginning of period at Mar. 31, 2018	$ 1,558	53	117	105	1	1,834
Balance at the beginning of period (in shares) at Mar. 31, 2018	56.4
Increase (Decrease) in Shareholders' Equity
Common shares issued as part of dissenting shareholders	$ 111					111
Common shares issued as part of dissenting shareholders (in shares)	2.2
Common stock issued under employee stock purchase plan	$ 1					1
Common stock issued under employee stock purchase plan (in shares)	0.1
Reclassification of liability classified stock-based compensation awards to equity classified		(1)				(1)
Equity classified stock-based compensation expense		9				9
Dividends ($0.01 for 2019 and $0.29 for 2018 per common share)			(16)			(16)
Comprehensive income (loss)			(40)	8		(32)
Balance at the end of period at Jun. 30, 2018	$ 1,670	61	61	113	1	1,906
Balance at the end of period (in shares) at Jun. 30, 2018	58.7
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 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
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
Comprehensive income (loss)						$ 84
Balance at the end of period at Jun. 30, 2019		1,776	(1,125)	79	1	$ 731
Balance at the end of period (in shares) at Jun. 30, 2019	59.6					59.6
Balance at the beginning of period at Mar. 31, 2019		1,774	(1,271)	76	1	$ 580
Balance at the beginning of period (in shares) at Mar. 31, 2019	59.6
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
Equity classified stock-based compensation expense		2				2
Comprehensive income (loss)			146	3		149
Balance at the end of period at Jun. 30, 2019		$ 1,776	$ (1,125)	$ 79	$ 1	$ 731
Balance at the end of period (in shares) at Jun. 30, 2019	59.6					59.6

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Change in Shareholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018
Condensed Consolidated Statements of Change in Shareholders' Equity
Dividend per share (in dollars per share)	$ 0.01	$ 0.01	$ 0.29	$ 0.29

General business description

General business description	6 Months Ended
	Jun. 30, 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”).

Trade and other receivables, ne

Trade and other receivables, net	6 Months Ended
	Jun. 30, 2019
Trade and other receivables, net
Trade and other receivables. net	3. TRADE AND OTHER RECEIVABLES, NET Trade and other receivables, net consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2019 2018 Billed $ 205 ​ $ 242 Unbilled 238 ​ 172 Total trade receivables ​ 443 ​ ​ 414 Orbital receivables, current portion ​ 34 ​ ​ 34 Other ​ 14 ​ ​ 17 Allowance for doubtful accounts ​ (1) ​ ​ (1) Total trade and other receivables, net $ 490 ​ $ 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 June 30, 2019 and December 31, 2018, long-term orbital receivables were $405 million and $407 million, respectively, and are included in Non-current assets on the Unaudited Condensed Consolidated Balance Sheets. ​ During 2018, the Company sold orbital receivables for net proceeds of $18 million. These orbital receivables were purchased in tranches that span multiple years and include longer-term maturities. The orbital receivables that were securitized remain recognized on the consolidated balance sheets as the Company did not meet the accounting criteria for surrendering control of the receivables. The net proceeds received have been recognized as a securitization liability and are subsequently measured at amortized cost using the effective interest rate method. The securitized orbital receivables and the securitization liabilities are being drawn down as payments are received from the customers and passed on to the purchaser of the tranche. The Company continues to recognize orbital interest revenue on the orbital receivables that are subject to the securitization transactions and recognizes interest expense to accrete the securitization. The amount of securitization liabilities was $102 million and $109 million at June 30, 2019 and December 31, 2018, respectively, of which $16 million and $15 million, respectively, was included in Other current liabilities on the Consolidated Balance Sheets.

Inventory

Inventory	6 Months Ended
	Jun. 30, 2019
Inventory
Inventory	4. INVENTORY ​ Inventory consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2019 2018 Raw materials ​ $ 15 ​ $ 21 Work in process ​ ​ 9 ​ ​ 10 Total inventory ​ $ 24 ​ $ 31 ​

Property, plant and equipment,

Property, plant and equipment, net	6 Months Ended
	Jun. 30, 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: ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2019 2018 Satellites ​ $ 397 ​ $ 397 Equipment ​ ​ 230 ​ ​ 229 Leasehold improvements ​ ​ 98 ​ ​ 97 Computer hardware ​ ​ 94 ​ ​ 92 Land and land improvements ​ ​ 88 ​ ​ 88 Buildings ​ 46 ​ ​ 46 Furniture and fixtures ​ ​ 19 ​ ​ 19 Construction in process ​ ​ 236 ​ ​ 142 Property, plant and equipment, at cost ​ ​ 1,208 ​ ​ 1,110 Accumulated depreciation ​ (423) ​ ​ (363) Property, plant and equipment, net ​ $ 785 ​ $ 747 ​ Depreciation expense for property, plant and equipment was $30 million and $60 million, and $41 million and $78 million for the three and six months ended June 30, 2019 and June 30, 2018, respectively. ​ During the quarter ended June 30, 2019, the Company received insurance recoveries of $183 million related to the loss of the WorldView-4 satellite. The insurance proceeds are included in operating cash flows as they are considered business interruption insurance and represent our satellite’s loss of capacity to produce imagery for sale to our customers.

Intangible assets

Intangible assets	6 Months Ended
	Jun. 30, 2019
Intangible assets
Intangible assets	6. INTANGIBLE ASSETS Intangible assets are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2019 ​ December 31, 2018 ​ ​ Gross carrying value ​ Accumulated amortization ​ Net carrying value ​ Gross carrying value ​ Accumulated amortization ​ Net carrying value Customer relationships ​ $ 619 ​ $ (81) ​ $ 538 ​ $ 619 ​ $ (58) ​ $ 561 Backlog ​ 332 ​ (169) ​ 163 ​ 332 ​ (120) ​ 212 Technologies ​ ​ 328 ​ ​ (117) ​ ​ 211 ​ ​ 330 ​ ​ (86) ​ ​ 244 Software ​ ​ 225 ​ ​ (90) ​ ​ 135 ​ ​ 198 ​ ​ (71) ​ ​ 127 Image library ​ ​ 80 ​ ​ (40) ​ ​ 40 ​ ​ 80 ​ ​ (32) ​ ​ 48 Trade names and other ​ ​ 41 ​ ​ (12) ​ ​ 29 ​ ​ 41 ​ ​ (9) ​ ​ 32 Non-compete agreements ​ ​ 21 ​ ​ (17) ​ ​ 4 ​ ​ 21 ​ ​ (13) ​ ​ 8 Total intangible assets ​ $ 1,646 ​ $ (526) ​ $ 1,120 ​ $ 1,621 ​ $ (389) ​ $ 1,232 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortization expense related to intangible assets was $69 million and $137 million, and $72 million and $146 million for the three and six months ended June 30, 2019 and June 30, 2018, respectively.

Leases

Leases	6 Months Ended
	Jun. 30, 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 approximately 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 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 June 30, ​ Six months ended June 30, ​ Classification ​ 2019 ​ 2019 Operating lease expense ​ ​ Selling, general, and administrative expense, Product costs, and Service costs ​ $ 9 ​ $ 17 ​ Supplemental lease balance sheet information consists of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ ​ Classification ​ 2019 Assets: ​ ​ ​ ​ ​ ​ Operating ​ ​ Non-current operating lease assets ​ $ 124 Finance ​ ​ Property, plant, and equipment, net ​ ​ 8 Total lease assets ​ ​ ​ ​ $ 132 Liabilities: ​ ​ ​ ​ ​ ​ Current ​ ​ ​ ​ ​ ​ Operating ​ ​ Current operating lease liabilities ​ $ 33 Finance ​ ​ Current portion long-term debt ​ ​ 3 Non-current ​ ​ ​ ​ ​ ​ Operating ​ ​ Operating lease liabilities ​ ​ 133 Finance ​ ​ Long-term debt ​ ​ 3 Total lease liabilities ​ ​ ​ ​ $ 172 ​ Supplemental lease cash flow information is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended June 30, ​ Six months ended June 30, ​ ​ 2019 ​ 2019 Cash paid for amounts included in the measurement of lease liabilities: ​ ​ ​ ​ ​ ​ Operating cash flows from operating leases ​ $ 9 ​ $ 18 ​ Other supplemental lease information consists of the following: ​ ​ ​ ​ ​ ​ ​ June 30, ​ ​ 2019 Weighted average remaining lease term ​ ​ ​ Operating leases ​ ​ 9 years Finance leases ​ ​ 3 years Weighted average discount rate ​ ​ ​ Operating leases ​ ​ 7.1% Finance leases ​ ​ 4.7% ​ Maturities of lease liabilities are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2019 1 2020 ​ 2021 ​ 2022 ​ 2023 ​ Thereafter ​ Less: imputed interest ​ Total minimum lease payments Operating leases ​ $ 17 ​ $ 32 ​ $ 29 ​ $ 24 ​ $ 22 ​ $ 100 ​ $ (58) ​ $ 166 Finance leases ​ ​ 2 ​ ​ 3 ​ ​ 1 ​ ​ 1 ​ ​ — ​ ​ — ​ ​ (1) ​ ​ 6 ​ 1

Restructuring liability

Restructuring liability	6 Months Ended
	Jun. 30, 2019
Restructuring liability
Restructuring liability	8. RESTRUCTURING LIABILITY 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, with cash payments occurring throughout 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 ​ ​ 22 Payments ​ ​ (14) Release of reserves ​ ​ (2) Balance as of June 30, 2019 ​ $ 12 ​

Long-term debt and interest exp

Long-term debt and interest expense	6 Months Ended
	Jun. 30, 2019
Long-term debt and interest expense
Long-term debt and interest expense	9. LONG-TERM DEBT AND INTEREST EXPENSE ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2019 2018 Syndicated Credit facility: ​ ​ Revolving credit facility ​ $ 686 ​ $ 595 Operating credit facility in Canadian dollars (June 30, 2019 - C $20 million; December 31, 2018 - C $0 million) ​ 15 ​ — Term Loan A ​ 500 ​ 500 Term Loan B ​ 1,970 ​ 1,980 Debt issuance costs ​ (37) ​ (41) Obligations under finance leases and other ​ 10 ​ 13 Total long-term debt ​ 3,144 ​ 3,047 Current portion ​ (17) ​ (17) Non-current portion ​ $ 3,127 ​ $ 3,030 ​ The Syndicated Credit Facility, with an aggregate capacity of up to $3.75 billion, is composed of: (i) a four-year senior secured first lien revolving credit facility and a four-year senior secured first lien operating credit facility (collectively, the “Revolving Credit Facility”), (ii) a senior secured first lien term A facility (“Term Loan A”) and (iii) The Revolving Credit Facility includes an aggregate $200 million sub limit under which letters of credit can be issued. As of June 30 , 2019 and December 31, 2018, the Company had $ 16 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 June 30, ​ Six Months Ended June 30, ​ ​ 2019 2018 ​ 2019 2018 Interest on long-term debt ​ $ 48 ​ $ 43 ​ $ 93 ​ $ 83 Interest expense on advance payments from customers ​ ​ 4 ​ ​ 6 ​ ​ 9 ​ ​ 14 Interest on orbital securitization liability ​ ​ 2 ​ ​ 2 ​ ​ 4 ​ ​ 4 Imputed interest and other ​ ​ — ​ ​ (1) ​ ​ — ​ ​ 1 Capitalized interest ​ ​ (5) ​ ​ (1) ​ ​ (8) ​ ​ (2) Interest expense on dissenting stockholder liability ​ ​ — ​ ​ 1 ​ ​ — ​ ​ 3 Total interest expense ​ $ 49 ​ $ 50 ​ $ 98 ​ $ 103 ​

Financial instruments and fair

Financial instruments and fair value disclosures	6 Months Ended
	Jun. 30, 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 set forth the Company’s assets and liabilities measured at fair value on a recurring basis categorized by level within the fair value hierarchy. Financial assets and liabilities are classified within the hierarchy 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 June 30, 2019 ​ ​ Level 1 ​ Level 2 ​ Level 3 ​ Total Assets ​ ​ ​ ​ Short-term investments ​ $ 3 ​ $ — ​ $ — ​ $ 3 Long-term investments ​ ​ — ​ ​ 2 ​ ​ 12 ​ ​ 14 Derivative financial instruments ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign exchange forward contracts & embedded derivatives ​ ​ — ​ ​ 4 ​ ​ — ​ ​ 4 ​ ​ $ 3 ​ $ 6 ​ $ 12 ​ $ 21 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivative financial instruments ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign exchange forward contracts & embedded derivatives ​ $ — ​ $ 2 ​ $ — ​ $ 2 Interest rate swaps ​ ​ — ​ ​ 20 ​ ​ — ​ ​ 20 ​ ​ $ — ​ $ 22 ​ $ — ​ $ 22 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recurring Fair Value Measurements of as of December 31, 2018 ​ ​ Level 1 ​ Level 2 ​ Level 3 ​ Total Assets ​ ​ ​ ​ Short-term investments ​ $ 3 ​ $ — ​ $ — ​ $ 3 Long-term investments ​ ​ — ​ ​ 1 ​ ​ 24 ​ ​ 25 Derivative financial instruments ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign exchange forward contracts & embedded derivatives ​ ​ — ​ ​ 5 ​ ​ — ​ ​ 5 ​ ​ $ 3 ​ $ 6 ​ $ 24 ​ $ 33 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivative financial instruments ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign exchange forward contracts & embedded derivatives ​ $ — ​ $ 8 ​ $ — ​ $ 8 Interest rate swaps ​ ​ — ​ ​ 4 ​ ​ — ​ ​ 4 ​ ​ $ — ​ $ 12 ​ $ — ​ $ 12 ​ During the three months ended June 30, 2019, the Company noted an observable price change related to its investment in a privately held company and, as a result, recorded an impairment loss of $12 million. There were no impairment losses recognized in the three and six months ended June 30, 2018. 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 June 30, 2019 ​ ​ Carrying value ​ Fair value ​ Fair value hierarchy Long-term debt, excluding finance leases and other ​ $ 3,134 ​ $ 2,938 ​ Level 2 Orbital receivables ​ ​ 439 ​ ​ 439 ​ 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 six months ended June 30, 2019 or year ended December 31, 2018 .

Stockholders' equity

Stockholders' equity	6 Months Ended
	Jun. 30, 2019
Stockholders' equity
Stockholders' equity	11. STOCKHOLDERS’ EQUITY 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 was recorded within the Unaudited Condensed Consolidated Statements of Change in Stockholders’ Equity in the first quarter of 2019. ​ Tax Benefit Preservation Plan ​ On May 12, 2019, the Company implemented a Tax Benefit Preservation Plan (“Tax Plan”), with the intent to preserve the value of certain deferred tax benefits (the “Tax Benefits”). The Tax Plan is intended to act as a deterrent to any person or entity acquiring shares of the Company equal to or exceeding 4.9% . For each common stock outstanding as of May 28, 2019, a dividend of one preferred stock purchase right is granted. The Tax Plan gives current shareholders the right to purchase one one-hundredth of a share of Series A Junior Participating Preferred Stock (“Series A Preferred”) at a set price of $30.92 which, upon exercise, provides for one additional share of common stock at a 50% discount on the exercise date with no cash settlement options. The Tax Plan reduces the likelihood that changes in the Company’s investor base have the unintended effect of limiting the use of the Company’s Tax Benefits. There is no impact to the financial statements as a result of the Tax Plan. ​ As of June 30, 2019, the Company had 2,400,000 shares authorized and no shares outstanding of the Series A Preferred stock. As of December 31, 2018, the Company had no Series A Preferred stock authorized or outstanding . ​ Changes in the components of Accumulated other comprehensive income (loss) are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign ​ ​ ​ ​ ​ ​ ​ Total ​ ​ Currency ​ Unrecognized ​ ​ ​ Accumulated Other ​ ​ Translation ​ (Loss) Gain on ​ Pension ​ Comprehensive ​ ​ Adjustments 1 ​ Derivatives 2 ​ Adjustments ​ Income (Loss) Balance as of December 31, 2018 ​ $ 111 ​ $ (4) ​ $ (25) ​ $ 82 Other comprehensive (loss) income ​ ​ (4) ​ ​ (4) ​ ​ 3 ​ ​ (5) Tax expense ​ ​ — ​ ​ — ​ ​ (1) ​ ​ (1) Balance as of March 31 2019 ​ ​ 107 ​ ​ (8) ​ ​ (23) ​ ​ 76 Other comprehensive income (loss) ​ ​ 15 ​ ​ (12) ​ ​ — ​ ​ 3 Tax expense ​ ​ — ​ ​ — ​ ​ — ​ ​ — Balance as of June 30, 2019 ​ $ 122 ​ $ (20) ​ $ (23) ​ $ 79 ​ 1 As a result of the Company’s U.S. Domestication on January 1, 2019, and the associated change from a Canadian parent company to a U.S. parent company, the Company’s net investment hedge was no longer necessary from the domestication date onwards. As of December 31, 2018, there was a $51 million net loss on hedge investments in foreign operations. ​ 2 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 June 30, 2019, the balance consisted of unrecognized loss on the Company’s interest rate swaps.

Revenue

Revenue	6 Months Ended
	Jun. 30, 2019
Revenue
Revenue	12. REVENUE On June 30, 2019, the Company had $2.2 billion of remaining performance obligations, which represents the transaction price of firm orders less inception to date revenues recognized. Remaining performance obligations exclude unexercised contract options and indefinite delivery/indefinite quantity contracts. The Company expects to recognize revenues relating to existing performance obligations of approximately $1.0 billion, $0.5 billion, and $0.7 billion in the six months ended December 31, 2019, year ended 2020 and thereafter, respectively. Contract liabilities by segment are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Space ​ ​ ​ ​ ​ As of June 30, 2019 Systems Imagery 1 Services ​ Total Contract liabilities ​ $ 101 ​ $ 189 ​ $ 6 ​ $ 296 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 $132 million and $184 million as of June 30, 2019 and December 31, 2018, respectively. During the six months ended June 30, 2019, imputed interest on advanced payments increased the contract liability balance by $8 million, which was more than offset by $60 million in revenue recognition. 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 June 30, 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 June 30, 2019 Space Systems Imagery Services Eliminations Total Product revenues ​ $ 190 ​ $ — ​ $ — ​ $ — ​ $ 190 Service revenues ​ 26 ​ 200 ​ 74 ​ — ​ 300 Intersegment ​ ​ 41 ​ 1 ​ — ​ (42) ​ — ​ ​ $ 257 ​ $ 201 ​ $ 74 ​ $ (42) ​ $ 490 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended June 30, 2018 Space Systems Imagery Services Eliminations Total Product revenues ​ $ 257 ​ $ — ​ $ — ​ $ — ​ $ 257 Service revenues ​ 47 ​ 211 ​ 64 ​ — ​ 322 Intersegment ​ ​ 26 ​ ​ 1 ​ ​ 2 ​ ​ (29) ​ ​ — ​ ​ $ 330 ​ $ 212 ​ $ 66 ​ $ (29) ​ $ 579 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six months ended June 30, 2019 Space Systems Imagery Services Eliminations Total Product revenues ​ $ 384 ​ $ — ​ $ — ​ $ — ​ $ 384 Service revenues ​ 71 ​ 399 ​ 140 ​ — ​ 610 Intersegment ​ ​ 76 ​ 2 ​ 2 ​ (80) ​ — ​ ​ $ 531 ​ $ 401 ​ $ 142 ​ $ (80) ​ $ 994 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six months ended June 30, 2018 Space Systems Imagery Services Eliminations Total Product revenues ​ $ 485 ​ $ — ​ $ — ​ $ — ​ $ 485 Service revenues ​ 98 ​ 421 ​ 132 ​ — ​ 651 Intersegment ​ ​ 40 ​ ​ 2 ​ ​ 4 ​ ​ (46) ​ ​ — ​ ​ $ 623 ​ $ 423 ​ $ 136 ​ $ (46) ​ $ 1,136 ​ 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 $8 million and $15 million for the three and six months ended June 30, 2019, respectively, as compared to $9 million and $16 million for the three and six months ended June 30, 2018, respectively, related to these contracts, which is included in product revenues. ​ The revenues based on geographic location of customers are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ ​ 2019 ​ 2018 United States ​ $ 349 ​ $ 339 Asia ​ 52 ​ 96 Canada ​ 28 ​ 53 Europe ​ 34 ​ 36 South America ​ ​ 26 ​ ​ 45 Other ​ 1 ​ 10 Total revenues ​ $ 490 ​ $ 579 ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended June 30, ​ ​ 2019 ​ 2018 United States ​ $ 687 ​ $ 708 Asia ​ 120 ​ 172 Canada ​ 53 ​ 101 Europe ​ 60 ​ 69 South America ​ ​ 65 ​ ​ 67 Other ​ 9 ​ 19 Total revenues ​ $ 994 ​ $ 1,136 ​ Revenues from significant customers are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ​ 2019 2018 2019 ​ 2018 U.S. Federal Government and agencies ​ $ 263 ​ $ 219 ​ $ 494 ​ $ 451 Canadian Federal Government and agencies ​ ​ 25 ​ ​ 31 ​ ​ 45 ​ ​ 59 ​

Segment information

Segment information	6 Months Ended
	Jun. 30, 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’s 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 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 earnings before interest, tax, depreciation and amortization (“EBITDA”) adjusted for certain items affecting comparability as specified in the calculation. Other unallocated expenses include 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 June 30, ​ ​ Six Months Ended June 30, ​ 2019 2018 ​ 2019 2018 Revenues: ​ ​ ​ ​ ​ Space Systems $ 257 ​ $ 330 ​ ​ $ 531 ​ $ 623 Imagery 201 ​ 212 ​ ​ 401 ​ 423 Services ​ 74 ​ ​ 66 ​ ​ ​ 142 ​ ​ 136 Intersegment eliminations ​ (42) ​ ​ (29) ​ ​ ​ (80) ​ ​ (46) Total revenues $ 490 ​ $ 579 ​ ​ $ 994 ​ $ 1,136 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Adjusted EBITDA: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Space Systems $ 28 ​ $ 13 ​ ​ $ 38 ​ $ 41 Imagery ​ 123 ​ ​ 133 ​ ​ ​ 244 ​ ​ 267 Services ​ 6 ​ ​ 6 ​ ​ ​ 13 ​ ​ 10 Intersegment eliminations ​ (10) ​ ​ (7) ​ ​ ​ (13) ​ ​ (9) Depreciation and amortization ​ (99) ​ ​ (113) ​ ​ ​ (197) ​ ​ (224) Corporate and other expenses ​ (18) ​ ​ (12) ​ ​ ​ (36) ​ ​ (25) Restructuring ​ (2) ​ ​ (13) ​ ​ ​ (22) ​ ​ (13) Acquisition and integration related expense ​ (2) ​ ​ (6) ​ ​ ​ (6) ​ ​ (10) Impairment losses ​ (12) ​ ​ — ​ ​ ​ (15) ​ ​ — Satellite insurance recovery ​ 183 ​ ​ — ​ ​ ​ 183 ​ ​ — CEO severance ​ — ​ ​ — ​ ​ ​ (3) ​ ​ — Interest expense, net ​ (49) ​ ​ (50) ​ ​ ​ (98) ​ ​ (103) Equity loss (income) from joint ventures, net of tax ​ 2 ​ ​ (3) ​ ​ ​ 3 ​ ​ (3) Income (loss) before taxes $ 150 ​ $ (52) ​ ​ $ 91 ​ $ (69) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Space ​ ​ ​ ​ ​ ​ ​ Corporate and ​ ​ ​ Three Months Ended June 30, 2019 ​ ​ Systems ​ Imagery ​ Services eliminations ​ Total Capital expenditures: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Property, plant and equipment ​ $ 3 ​ $ 51 ​ $ — ​ $ (14) ​ $ 40 Intangible assets ​ - ​ 14 ​ — ​ - ​ 14 ​ ​ $ 3 ​ $ 65 ​ $ — ​ $ (14) ​ $ 54 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Space ​ ​ ​ ​ ​ ​ ​ Corporate and ​ ​ ​ Three Months Ended June 30, 2018 ​ ​ Systems ​ Imagery ​ Services eliminations ​ Total Capital expenditures: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Property, plant and equipment ​ $ 4 ​ $ 41 ​ $ 1 ​ $ (6) ​ $ 40 Intangible assets ​ 4 ​ 15 ​ 2 ​ (1) ​ 20 ​ ​ $ 8 ​ $ 56 ​ $ 3 ​ $ (7) ​ $ 60 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Space ​ ​ ​ ​ ​ ​ ​ Corporate and ​ ​ ​ Six Months Ended June 30, 2019 ​ ​ Systems ​ Imagery ​ Services eliminations ​ Total Capital expenditures: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Property, plant and equipment ​ $ 9 ​ $ 101 ​ $ — ​ $ (11) ​ $ 99 Intangible assets ​ 1 ​ 27 ​ — ​ - ​ 28 ​ ​ $ 10 ​ $ 128 ​ $ — ​ $ (11) ​ $ 127 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Space ​ ​ ​ ​ ​ ​ ​ Corporate and ​ ​ ​ Six Months Ended June 30, 2018 ​ ​ Systems ​ Imagery ​ Services eliminations ​ Total Capital expenditures: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Property, plant and equipment ​ $ 9 ​ $ 79 ​ $ 1 ​ $ (6) ​ $ 83 Intangible assets ​ 4 ​ 32 ​ 2 ​ (1) ​ 37 ​ ​ $ 13 ​ $ 111 ​ $ 3 ​ $ (7) ​ $ 120 ​ Substantially all of the Company’s long-lived tangible assets were in the United States as of June 30, 2019 and December 31, 2018.

Employee benefit plans

Employee benefit plans	6 Months Ended
	Jun. 30, 2019
Employee benefit plans
Employee benefit plans	​ ​ 14. EMPLOYEE BENEFIT PLANS ​ The following table summarizes the components of net periodic benefit cost for the Company’s pension plans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ​ ​ Pension ​ Pension ​ ​ 2019 ​ 2018 ​ 2019 ​ 2018 Service cost ​ $ 1 ​ $ 1 ​ $ 2 ​ $ 3 Interest cost ​ 6 ​ — ​ 12 ​ — Expected return on plan assets ​ ​ (9) ​ ​ — ​ ​ (15) ​ ​ — Amortization of net loss ​ ​ 1 ​ ​ — ​ ​ 1 ​ ​ — Expenses paid ​ ​ 1 ​ ​ — ​ ​ 1 ​ ​ — Net periodic benefit cost ​ $ — ​ $ 1 ​ $ 1 ​ $ 3 ​ 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. The Company expects to contribute approximately $14 million to its pension plans for the year ending December 31, 2019. As of June 30, 2019, all legal funding requirements had been met.

Income taxes

Income taxes	6 Months Ended
	Jun. 30, 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 liabilities 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 June 30, 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 15.4% for the six months ended June 30, 2019. For the six months ended June 30, 2018, income tax expense was computed as (18.5%) . The effective tax rate increased primarily due to changes in corporate structure, the application of U.S. tax law and a change in the mix of income between jurisdictions. ​

Earnings per share

Earnings per share	6 Months Ended
	Jun. 30, 2019
Earnings per share
Earnings per share	16. EARNINGS PER SHARE The following table includes the calculation of basic and diluted net income (loss) per common share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ​ 2019 2018 2019 2018 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) ​ $ 146 ​ $ (40) ​ $ 87 ​ $ (25) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average number of common shares outstanding-basic ​ ​ 59.6 ​ ​ 57.2 ​ ​ 59.6 ​ ​ 56.8 Weighted dilutive effect of equity awards ​ — ​ — ​ — ​ — Weighted average number of common shares outstanding-diluted ​ ​ 59.6 ​ ​ 57.2 ​ ​ 59.6 ​ ​ 56.8 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income (loss) per common share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic ​ $ 2.45 ​ $ (0.70) ​ $ 1.46 ​ $ (0.44) Dilutive ​ $ 2.45 ​ $ (0.70) ​ $ 1.46 ​ $ (0.44) ​

Contingencies

Contingencies	6 Months Ended
	Jun. 30, 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. ​ 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, the Company 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, the Company 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 Maxar. Maxar 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 Maxar, challenging the Company’s right to terminate for force majeure, purporting to terminate the contract for default by Maxar (a position since withdrawn), and seeking recovery from Maxar 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. The Company believes it has sound defenses to the petitioner’s claims, and will vigorously defend the claims asserted. The Company has accrued an amount that it believes is within the range of probable outcomes for resolving this matter; the amount is not material to the 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 the Company in excess of the amount reserved, the Company could incur additional amounts and its results of operations and financial condition could be adversely affected. In January 2019, a Maxar stockholder filed a putative class action lawsuit captioned Durant v. Maxar Technologies Inc., Schwartz v. Maxar Technologies Inc., Durant Charles O’Brien vs. Maxar Technologies Inc. The Company is 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, the Company is prepared both to litigate these matters to judgment, as well as to evaluate and consider all reasonable settlement opportunities. The Company has 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 the Company’s financial position, results of operations or liquidity.

Supplemental cash flow

Supplemental cash flow	6 Months Ended
	Jun. 30, 2019
Supplemental cash flow
Supplemental cash flow	18. SUPPLEMENTAL CASH FLOW ​ Selected cash payments and non-cash activities are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended ​ ​ June 30, ​ ​ 2019 2018 Supplemental cash flow information: ​ ​ ​ ​ ​ ​ Cash paid for interest ​ $ (128) ​ $ (98) Income tax payments ​ ​ (4) ​ ​ (3) Supplemental non-cash investing and financing activities: ​ ​ ​ ​ ​ ​ Accrued capital expenditures ​ ​ 19 ​ ​ 3 Impairment loss on equity investment ​ ​ 12 ​ ​ — ​

Summary of significant accounti

Summary of significant accounting policies (Policies)	6 Months Ended
	Jun. 30, 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 subsidiaries. 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 in 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. In management’s opinion, all adjustments of a normal recurring nature that are necessary for a fair statement of the accompanying Unaudited Condensed Consolidated Financial Statements have been included.
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) Leases 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. 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 will adopt this standard effective January 1, 2020. 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)	6 Months Ended
	Jun. 30, 2019
Trade and other receivables, net
Schedule of trade and other receivables, net	​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2019 2018 Billed $ 205 ​ $ 242 Unbilled 238 ​ 172 Total trade receivables ​ 443 ​ ​ 414 Orbital receivables, current portion ​ 34 ​ ​ 34 Other ​ 14 ​ ​ 17 Allowance for doubtful accounts ​ (1) ​ ​ (1) Total trade and other receivables, net $ 490 ​ $ 464

Inventory (Tables)

Inventory (Tables)	6 Months Ended
	Jun. 30, 2019
Inventory
Schedule of inventory	​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2019 2018 Raw materials ​ $ 15 ​ $ 21 Work in process ​ ​ 9 ​ ​ 10 Total inventory ​ $ 24 ​ $ 31 ​

Property, plant and equipment_2

Property, plant and equipment, net (Tables)	6 Months Ended
	Jun. 30, 2019
Property, plant and equipment, net
Schedule of property, plant and equipment, net	Property, plant and equipment, net consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2019 2018 Satellites ​ $ 397 ​ $ 397 Equipment ​ ​ 230 ​ ​ 229 Leasehold improvements ​ ​ 98 ​ ​ 97 Computer hardware ​ ​ 94 ​ ​ 92 Land and land improvements ​ ​ 88 ​ ​ 88 Buildings ​ 46 ​ ​ 46 Furniture and fixtures ​ ​ 19 ​ ​ 19 Construction in process ​ ​ 236 ​ ​ 142 Property, plant and equipment, at cost ​ ​ 1,208 ​ ​ 1,110 Accumulated depreciation ​ (423) ​ ​ (363) Property, plant and equipment, net ​ $ 785 ​ $ 747

Intangible assets (Tables)

Intangible assets (Tables)	6 Months Ended
	Jun. 30, 2019
Intangible assets
Schedule of intangible assets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2019 ​ December 31, 2018 ​ ​ Gross carrying value ​ Accumulated amortization ​ Net carrying value ​ Gross carrying value ​ Accumulated amortization ​ Net carrying value Customer relationships ​ $ 619 ​ $ (81) ​ $ 538 ​ $ 619 ​ $ (58) ​ $ 561 Backlog ​ 332 ​ (169) ​ 163 ​ 332 ​ (120) ​ 212 Technologies ​ ​ 328 ​ ​ (117) ​ ​ 211 ​ ​ 330 ​ ​ (86) ​ ​ 244 Software ​ ​ 225 ​ ​ (90) ​ ​ 135 ​ ​ 198 ​ ​ (71) ​ ​ 127 Image library ​ ​ 80 ​ ​ (40) ​ ​ 40 ​ ​ 80 ​ ​ (32) ​ ​ 48 Trade names and other ​ ​ 41 ​ ​ (12) ​ ​ 29 ​ ​ 41 ​ ​ (9) ​ ​ 32 Non-compete agreements ​ ​ 21 ​ ​ (17) ​ ​ 4 ​ ​ 21 ​ ​ (13) ​ ​ 8 Total intangible assets ​ $ 1,646 ​ $ (526) ​ $ 1,120 ​ $ 1,621 ​ $ (389) ​ $ 1,232 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2019
Leases
Schedule of components of lease expense	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended June 30, ​ Six months ended June 30, ​ Classification ​ 2019 ​ 2019 Operating lease expense ​ ​ Selling, general, and administrative expense, Product costs, and Service costs ​ $ 9 ​ $ 17
Supplemental lease balance sheet information	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ ​ Classification ​ 2019 Assets: ​ ​ ​ ​ ​ ​ Operating ​ ​ Non-current operating lease assets ​ $ 124 Finance ​ ​ Property, plant, and equipment, net ​ ​ 8 Total lease assets ​ ​ ​ ​ $ 132 Liabilities: ​ ​ ​ ​ ​ ​ Current ​ ​ ​ ​ ​ ​ Operating ​ ​ Current operating lease liabilities ​ $ 33 Finance ​ ​ Current portion long-term debt ​ ​ 3 Non-current ​ ​ ​ ​ ​ ​ Operating ​ ​ Operating lease liabilities ​ ​ 133 Finance ​ ​ Long-term debt ​ ​ 3 Total lease liabilities ​ ​ ​ ​ $ 172
Schedule of supplemental lease cash flow information	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended June 30, ​ Six months ended June 30, ​ ​ 2019 ​ 2019 Cash paid for amounts included in the measurement of lease liabilities: ​ ​ ​ ​ ​ ​ Operating cash flows from operating leases ​ $ 9 ​ $ 18
Schedule of other supplemental lease information	​ ​ ​ ​ ​ ​ ​ June 30, ​ ​ 2019 Weighted average remaining lease term ​ ​ ​ Operating leases ​ ​ 9 years Finance leases ​ ​ 3 years Weighted average discount rate ​ ​ ​ Operating leases ​ ​ 7.1% Finance leases ​ ​ 4.7%
Schedule of maturities of finance lease liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2019 1 2020 ​ 2021 ​ 2022 ​ 2023 ​ Thereafter ​ Less: imputed interest ​ Total minimum lease payments Operating leases ​ $ 17 ​ $ 32 ​ $ 29 ​ $ 24 ​ $ 22 ​ $ 100 ​ $ (58) ​ $ 166 Finance leases ​ ​ 2 ​ ​ 3 ​ ​ 1 ​ ​ 1 ​ ​ — ​ ​ — ​ ​ (1) ​ ​ 6 ​ 1
Schedule of maturities of operating liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2019 1 2020 ​ 2021 ​ 2022 ​ 2023 ​ Thereafter ​ Less: imputed interest ​ Total minimum lease payments Operating leases ​ $ 17 ​ $ 32 ​ $ 29 ​ $ 24 ​ $ 22 ​ $ 100 ​ $ (58) ​ $ 166 Finance leases ​ ​ 2 ​ ​ 3 ​ ​ 1 ​ ​ 1 ​ ​ — ​ ​ — ​ ​ (1) ​ ​ 6 ​ 1

Restructuring liability (Tables

Restructuring liability (Tables)	6 Months Ended
	Jun. 30, 2019
Restructuring liability
Schedule of changes to restructuring liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Restructuring Liability Balance as of December 31, 2018 ​ $ 6 Obligations incurred ​ ​ 22 Payments ​ ​ (14) Release of reserves ​ ​ (2) Balance as of June 30, 2019 ​ $ 12 ​

Long term debt and interest exp

Long term debt and interest expense (Tables)	6 Months Ended
	Jun. 30, 2019
Long-term debt and interest expense
Summary of long term debt	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2019 2018 Syndicated Credit facility: ​ ​ Revolving credit facility ​ $ 686 ​ $ 595 Operating credit facility in Canadian dollars (June 30, 2019 - C $20 million; December 31, 2018 - C $0 million) ​ 15 ​ — Term Loan A ​ 500 ​ 500 Term Loan B ​ 1,970 ​ 1,980 Debt issuance costs ​ (37) ​ (41) Obligations under finance leases and other ​ 10 ​ 13 Total long-term debt ​ 3,144 ​ 3,047 Current portion ​ (17) ​ (17) Non-current portion ​ $ 3,127 ​ $ 3,030
Schedule of interest expense on long term debt and other obligations	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ​ ​ 2019 2018 ​ 2019 2018 Interest on long-term debt ​ $ 48 ​ $ 43 ​ $ 93 ​ $ 83 Interest expense on advance payments from customers ​ ​ 4 ​ ​ 6 ​ ​ 9 ​ ​ 14 Interest on orbital securitization liability ​ ​ 2 ​ ​ 2 ​ ​ 4 ​ ​ 4 Imputed interest and other ​ ​ — ​ ​ (1) ​ ​ — ​ ​ 1 Capitalized interest ​ ​ (5) ​ ​ (1) ​ ​ (8) ​ ​ (2) Interest expense on dissenting stockholder liability ​ ​ — ​ ​ 1 ​ ​ — ​ ​ 3 Total interest expense ​ $ 49 ​ $ 50 ​ $ 98 ​ $ 103 ​

Financial instruments and fai_2

Financial instruments and fair value disclosures (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 2019 ​ ​ Level 1 ​ Level 2 ​ Level 3 ​ Total Assets ​ ​ ​ ​ Short-term investments ​ $ 3 ​ $ — ​ $ — ​ $ 3 Long-term investments ​ ​ — ​ ​ 2 ​ ​ 12 ​ ​ 14 Derivative financial instruments ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign exchange forward contracts & embedded derivatives ​ ​ — ​ ​ 4 ​ ​ — ​ ​ 4 ​ ​ $ 3 ​ $ 6 ​ $ 12 ​ $ 21 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivative financial instruments ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign exchange forward contracts & embedded derivatives ​ $ — ​ $ 2 ​ $ — ​ $ 2 Interest rate swaps ​ ​ — ​ ​ 20 ​ ​ — ​ ​ 20 ​ ​ $ — ​ $ 22 ​ $ — ​ $ 22 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recurring Fair Value Measurements of as of December 31, 2018 ​ ​ Level 1 ​ Level 2 ​ Level 3 ​ Total Assets ​ ​ ​ ​ Short-term investments ​ $ 3 ​ $ — ​ $ — ​ $ 3 Long-term investments ​ ​ — ​ ​ 1 ​ ​ 24 ​ ​ 25 Derivative financial instruments ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign exchange forward contracts & embedded derivatives ​ ​ — ​ ​ 5 ​ ​ — ​ ​ 5 ​ ​ $ 3 ​ $ 6 ​ $ 24 ​ $ 33 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 June 30, 2019 ​ ​ Carrying value ​ Fair value ​ Fair value hierarchy Long-term debt, excluding finance leases and other ​ $ 3,134 ​ $ 2,938 ​ Level 2 Orbital receivables ​ ​ 439 ​ ​ 439 ​ 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)	6 Months Ended
	Jun. 30, 2019
Stockholders' equity
Schedule of changes in the components of accumulated other comprehensive income (loss)	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign ​ ​ ​ ​ ​ ​ ​ Total ​ ​ Currency ​ Unrecognized ​ ​ ​ Accumulated Other ​ ​ Translation ​ (Loss) Gain on ​ Pension ​ Comprehensive ​ ​ Adjustments 1 ​ Derivatives 2 ​ Adjustments ​ Income (Loss) Balance as of December 31, 2018 ​ $ 111 ​ $ (4) ​ $ (25) ​ $ 82 Other comprehensive (loss) income ​ ​ (4) ​ ​ (4) ​ ​ 3 ​ ​ (5) Tax expense ​ ​ — ​ ​ — ​ ​ (1) ​ ​ (1) Balance as of March 31 2019 ​ ​ 107 ​ ​ (8) ​ ​ (23) ​ ​ 76 Other comprehensive income (loss) ​ ​ 15 ​ ​ (12) ​ ​ — ​ ​ 3 Tax expense ​ ​ — ​ ​ — ​ ​ — ​ ​ — Balance as of June 30, 2019 ​ $ 122 ​ $ (20) ​ $ (23) ​ $ 79 ​ 1 As a result of the Company’s U.S. Domestication on January 1, 2019, and the associated change from a Canadian parent company to a U.S. parent company, the Company’s net investment hedge was no longer necessary from the domestication date onwards. As of December 31, 2018, there was a $51 million net loss on hedge investments in foreign operations. ​ 2 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 June 30, 2019, the balance consisted of unrecognized loss on the Company’s interest rate swaps.

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2019
Revenue
Summary of contract assets and contract liabilities by segment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Space ​ ​ ​ ​ ​ As of June 30, 2019 Systems Imagery 1 Services ​ Total Contract liabilities ​ $ 101 ​ $ 189 ​ $ 6 ​ $ 296 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 $132 million and $184 million as of June 30, 2019 and December 31, 2018, respectively. During the six months ended June 30, 2019, imputed interest on advanced payments increased the contract liability balance by $8 million, which was more than offset by $60 million in revenue recognition. 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 June 30, 2019 or December 31, 2018.
Summary of revenue by primary sources	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended June 30, 2019 Space Systems Imagery Services Eliminations Total Product revenues ​ $ 190 ​ $ — ​ $ — ​ $ — ​ $ 190 Service revenues ​ 26 ​ 200 ​ 74 ​ — ​ 300 Intersegment ​ ​ 41 ​ 1 ​ — ​ (42) ​ — ​ ​ $ 257 ​ $ 201 ​ $ 74 ​ $ (42) ​ $ 490 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended June 30, 2018 Space Systems Imagery Services Eliminations Total Product revenues ​ $ 257 ​ $ — ​ $ — ​ $ — ​ $ 257 Service revenues ​ 47 ​ 211 ​ 64 ​ — ​ 322 Intersegment ​ ​ 26 ​ ​ 1 ​ ​ 2 ​ ​ (29) ​ ​ — ​ ​ $ 330 ​ $ 212 ​ $ 66 ​ $ (29) ​ $ 579 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six months ended June 30, 2019 Space Systems Imagery Services Eliminations Total Product revenues ​ $ 384 ​ $ — ​ $ — ​ $ — ​ $ 384 Service revenues ​ 71 ​ 399 ​ 140 ​ — ​ 610 Intersegment ​ ​ 76 ​ 2 ​ 2 ​ (80) ​ — ​ ​ $ 531 ​ $ 401 ​ $ 142 ​ $ (80) ​ $ 994 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six months ended June 30, 2018 Space Systems Imagery Services Eliminations Total Product revenues ​ $ 485 ​ $ — ​ $ — ​ $ — ​ $ 485 Service revenues ​ 98 ​ 421 ​ 132 ​ — ​ 651 Intersegment ​ ​ 40 ​ ​ 2 ​ ​ 4 ​ ​ (46) ​ ​ — ​ ​ $ 623 ​ $ 423 ​ $ 136 ​ $ (46) ​ $ 1,136
Summary of revenue by geographic location	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ ​ 2019 ​ 2018 United States ​ $ 349 ​ $ 339 Asia ​ 52 ​ 96 Canada ​ 28 ​ 53 Europe ​ 34 ​ 36 South America ​ ​ 26 ​ ​ 45 Other ​ 1 ​ 10 Total revenues ​ $ 490 ​ $ 579 ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended June 30, ​ ​ 2019 ​ 2018 United States ​ $ 687 ​ $ 708 Asia ​ 120 ​ 172 Canada ​ 53 ​ 101 Europe ​ 60 ​ 69 South America ​ ​ 65 ​ ​ 67 Other ​ 9 ​ 19 Total revenues ​ $ 994 ​ $ 1,136
Schedule of revenue from significant customers	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ​ 2019 2018 2019 ​ 2018 U.S. Federal Government and agencies ​ $ 263 ​ $ 219 ​ $ 494 ​ $ 451 Canadian Federal Government and agencies ​ ​ 25 ​ ​ 31 ​ ​ 45 ​ ​ 59 ​

Segment information (Tables)

Segment information (Tables)	6 Months Ended
	Jun. 30, 2019
Segment information
Summary of operating performance of the reporting segments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ ​ Six Months Ended June 30, ​ 2019 2018 ​ 2019 2018 Revenues: ​ ​ ​ ​ ​ Space Systems $ 257 ​ $ 330 ​ ​ $ 531 ​ $ 623 Imagery 201 ​ 212 ​ ​ 401 ​ 423 Services ​ 74 ​ ​ 66 ​ ​ ​ 142 ​ ​ 136 Intersegment eliminations ​ (42) ​ ​ (29) ​ ​ ​ (80) ​ ​ (46) Total revenues $ 490 ​ $ 579 ​ ​ $ 994 ​ $ 1,136 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Adjusted EBITDA: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Space Systems $ 28 ​ $ 13 ​ ​ $ 38 ​ $ 41 Imagery ​ 123 ​ ​ 133 ​ ​ ​ 244 ​ ​ 267 Services ​ 6 ​ ​ 6 ​ ​ ​ 13 ​ ​ 10 Intersegment eliminations ​ (10) ​ ​ (7) ​ ​ ​ (13) ​ ​ (9) Depreciation and amortization ​ (99) ​ ​ (113) ​ ​ ​ (197) ​ ​ (224) Corporate and other expenses ​ (18) ​ ​ (12) ​ ​ ​ (36) ​ ​ (25) Restructuring ​ (2) ​ ​ (13) ​ ​ ​ (22) ​ ​ (13) Acquisition and integration related expense ​ (2) ​ ​ (6) ​ ​ ​ (6) ​ ​ (10) Impairment losses ​ (12) ​ ​ — ​ ​ ​ (15) ​ ​ — Satellite insurance recovery ​ 183 ​ ​ — ​ ​ ​ 183 ​ ​ — CEO severance ​ — ​ ​ — ​ ​ ​ (3) ​ ​ — Interest expense, net ​ (49) ​ ​ (50) ​ ​ ​ (98) ​ ​ (103) Equity loss (income) from joint ventures, net of tax ​ 2 ​ ​ (3) ​ ​ ​ 3 ​ ​ (3) Income (loss) before taxes $ 150 ​ $ (52) ​ ​ $ 91 ​ $ (69)
Schedule of capital expenditures by segment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Space ​ ​ ​ ​ ​ ​ ​ Corporate and ​ ​ ​ Three Months Ended June 30, 2019 ​ ​ Systems ​ Imagery ​ Services eliminations ​ Total Capital expenditures: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Property, plant and equipment ​ $ 3 ​ $ 51 ​ $ — ​ $ (14) ​ $ 40 Intangible assets ​ - ​ 14 ​ — ​ - ​ 14 ​ ​ $ 3 ​ $ 65 ​ $ — ​ $ (14) ​ $ 54 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Space ​ ​ ​ ​ ​ ​ ​ Corporate and ​ ​ ​ Three Months Ended June 30, 2018 ​ ​ Systems ​ Imagery ​ Services eliminations ​ Total Capital expenditures: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Property, plant and equipment ​ $ 4 ​ $ 41 ​ $ 1 ​ $ (6) ​ $ 40 Intangible assets ​ 4 ​ 15 ​ 2 ​ (1) ​ 20 ​ ​ $ 8 ​ $ 56 ​ $ 3 ​ $ (7) ​ $ 60 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Space ​ ​ ​ ​ ​ ​ ​ Corporate and ​ ​ ​ Six Months Ended June 30, 2019 ​ ​ Systems ​ Imagery ​ Services eliminations ​ Total Capital expenditures: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Property, plant and equipment ​ $ 9 ​ $ 101 ​ $ — ​ $ (11) ​ $ 99 Intangible assets ​ 1 ​ 27 ​ — ​ - ​ 28 ​ ​ $ 10 ​ $ 128 ​ $ — ​ $ (11) ​ $ 127 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Space ​ ​ ​ ​ ​ ​ ​ Corporate and ​ ​ ​ Six Months Ended June 30, 2018 ​ ​ Systems ​ Imagery ​ Services eliminations ​ Total Capital expenditures: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Property, plant and equipment ​ $ 9 ​ $ 79 ​ $ 1 ​ $ (6) ​ $ 83 Intangible assets ​ 4 ​ 32 ​ 2 ​ (1) ​ 37 ​ ​ $ 13 ​ $ 111 ​ $ 3 ​ $ (7) ​ $ 120

Employee benefit plans (Tables)

Employee benefit plans (Tables)	6 Months Ended
	Jun. 30, 2019
Employee benefit plans
Summary of the components of net periodic benefit (credits) cost	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ​ ​ Pension ​ Pension ​ ​ 2019 ​ 2018 ​ 2019 ​ 2018 Service cost ​ $ 1 ​ $ 1 ​ $ 2 ​ $ 3 Interest cost ​ 6 ​ — ​ 12 ​ — Expected return on plan assets ​ ​ (9) ​ ​ — ​ ​ (15) ​ ​ — Amortization of net loss ​ ​ 1 ​ ​ — ​ ​ 1 ​ ​ — Expenses paid ​ ​ 1 ​ ​ — ​ ​ 1 ​ ​ — Net periodic benefit cost ​ $ — ​ $ 1 ​ $ 1 ​ $ 3

Earnings per share (Tables)

Earnings per share (Tables)	6 Months Ended
	Jun. 30, 2019
Earnings per share
Summary of calculation of basic and diluted EPS	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, ​ Six Months Ended June 30, ​ 2019 2018 2019 2018 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) ​ $ 146 ​ $ (40) ​ $ 87 ​ $ (25) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average number of common shares outstanding-basic ​ ​ 59.6 ​ ​ 57.2 ​ ​ 59.6 ​ ​ 56.8 Weighted dilutive effect of equity awards ​ — ​ — ​ — ​ — Weighted average number of common shares outstanding-diluted ​ ​ 59.6 ​ ​ 57.2 ​ ​ 59.6 ​ ​ 56.8 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income (loss) per common share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic ​ $ 2.45 ​ $ (0.70) ​ $ 1.46 ​ $ (0.44) Dilutive ​ $ 2.45 ​ $ (0.70) ​ $ 1.46 ​ $ (0.44) ​

Supplemental cash flow (Tables)

Supplemental cash flow (Tables)	6 Months Ended
	Jun. 30, 2019
Supplemental cash flow
Schedule of supplemental cash flow	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended ​ ​ June 30, ​ ​ 2019 2018 Supplemental cash flow information: ​ ​ ​ ​ ​ ​ Cash paid for interest ​ $ (128) ​ $ (98) Income tax payments ​ ​ (4) ​ ​ (3) Supplemental non-cash investing and financing activities: ​ ​ ​ ​ ​ ​ Accrued capital expenditures ​ ​ 19 ​ ​ 3 Impairment loss on equity investment ​ ​ 12 ​ ​ — ​

General business description (D

General business description (Details)	6 Months Ended
	Jun. 30, 2019segment
General business description
Number of reportable segments	3

Summary of significant accoun_2

Summary of significant accounting policies - Narratives (Details) - USD ($) $ in Millions	Jun. 30, 2019	Jan. 01, 2019
Leases
Operating lease right-of-use assets	$ 124
Operating lease liability	$ 166
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	Jun. 30, 2019	Dec. 31, 2018
Trade and other receivables, net
Billed	$ 205	$ 242
Unbilled	238	172
Total trade receivables	443	414
Orbital receivables, current portion	34	34
Other	14	17
Allowance for doubtful accounts	(1)	(1)
Total trade and other receivables, net	$ 490	$ 464

Trade and other receivables, _4

Trade and other receivables, net - Orbital receivables (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Jun. 30, 2019
Trade and other receivables
Orbital receivables	$ 407	$ 405
Orbital receivables
Proceeds from sale of orbital receivables	18
Securitization liabilities	109	102
Other current liabilities
Orbital receivables
Securitization liabilities	$ 15	$ 16

Inventory (Details)

Inventory (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Inventory
Raw materials	$ 15	$ 21
Work in process	9	10
Total inventory	$ 24	$ 31

Property, plant and equipment_3

Property, plant and equipment, net (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Property, plant and equipment
Property, plant and equipment, at cost	$ 1,208		$ 1,208		$ 1,110
Accumulated depreciation	(423)		(423)		(363)
Property, plant and equipment, net	785		785		747
Depreciation	30	$ 41	60	$ 78
Satellite insurance recovery	183		183
Satellites
Property, plant and equipment
Property, plant and equipment, at cost	397		397		397
Satellite insurance recovery	183
Equipment
Property, plant and equipment
Property, plant and equipment, at cost	230		230		229
Leasehold improvements
Property, plant and equipment
Property, plant and equipment, at cost	98		98		97
Computer hardware
Property, plant and equipment
Property, plant and equipment, at cost	94		94		92
Land and Land improvements
Property, plant and equipment
Property, plant and equipment, at cost	88		88		88
Buildings
Property, plant and equipment
Property, plant and equipment, at cost	46		46		46
Furniture and fixtures
Property, plant and equipment
Property, plant and equipment, at cost	19		19		19
Construction in process
Property, plant and equipment
Property, plant and equipment, at cost	$ 236		$ 236		$ 142

Intangible assets (Details)

Intangible assets (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Finite-lived intangible assets:
Gross carrying value	$ 1,646		$ 1,646		$ 1,621
Accumulated amortization	(526)		(526)		(389)
Net carrying value	1,120		1,120		1,232
Amortization of intangible assets	69	$ 72	137	$ 146
Trade names and other
Finite-lived intangible assets:
Gross carrying value	41		41		41
Accumulated amortization	(12)		(12)		(9)
Net carrying value	29		29		32
Customer relationships
Finite-lived intangible assets:
Gross carrying value	619		619		619
Accumulated amortization	(81)		(81)		(58)
Net carrying value	538		538		561
Backlog
Finite-lived intangible assets:
Gross carrying value	332		332		332
Accumulated amortization	(169)		(169)		(120)
Net carrying value	163		163		212
Technologies
Finite-lived intangible assets:
Gross carrying value	328		328		330
Accumulated amortization	(117)		(117)		(86)
Net carrying value	211		211		244
Software
Finite-lived intangible assets:
Gross carrying value	225		225		198
Accumulated amortization	(90)		(90)		(71)
Net carrying value	135		135		127
Image library
Finite-lived intangible assets:
Gross carrying value	80		80		80
Accumulated amortization	(40)		(40)		(32)
Net carrying value	40		40		48
Non-compete agreements
Finite-lived intangible assets:
Gross carrying value	21		21		21
Accumulated amortization	(17)		(17)		(13)
Net carrying value	$ 4		$ 4		$ 8

Leases (Details)

Leases (Details)	6 Months Ended
	Jun. 30, 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) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Selling, general, and administrative expense, Product costs, and Service costs
Leases
Operating lease cost	$ 9	$ 17

Leases - Supplemental lease bal

Leases - Supplemental lease balance sheet information (Details) $ in Millions	Jun. 30, 2019USD ($)
Leases
Non-current operating lease assets	$ 124
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Non-current operating lease assets
Finance	$ 8
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Property, Plant and Equipment, Net
Total leased assets	$ 132
Current operating lease liabilities	$ 33
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Current operating lease liabilities
Operating lease liability, non current	$ 133
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	$ 172

Leases - Supplemental lease cas

Leases - Supplemental lease cash flow information (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 9	$ 18

Leases - Other Supplemental lea

Leases - Other Supplemental lease information (Details)	Jun. 30, 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	Jun. 30, 2019USD ($)
Operating leases
2019	$ 17
2020	32
2021	29
2022	24
2023	22
Thereafter	100
Less: imputed interest	(58)
Total minimum lease payments	166
Finance leases
2019	2
2020	3
2021	1
2022	1
Less: imputed interest	(1)
Total minimum lease payments	$ 6

Restructuring liability (Detail

Restructuring liability (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Restructuring liability
Balance as of December 31, 2018			$ 6
Obligations incurred	$ 2	$ 13	22	$ 13
Payments			(14)
Release of reserves			(2)
Balance as of March 31, 2019	$ 12		$ 12

Long term debt and interest e_2

Long term debt and interest expense (Details) $ in Millions, $ in Millions	Jun. 30, 2019CAD ($)	Jun. 30, 2019USD ($)	Dec. 31, 2018CAD ($)	Dec. 31, 2018USD ($)
Long-term debt and interest expenses
Debt issuance costs		$ (37)		$ (41)
Obligations under finance leases and other		10		13
Total long-term debt		3,144		3,047
Current portion		(17)		(17)
Non-current portion		3,127		3,030
Revolving loan payable
Long-term debt and interest expenses
Long-term debt		686		595
Operating loan payable
Long-term debt and interest expenses
Long-term debt	$ 20	15	$ 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		$ 1,970		$ 1,980

Long term debt and interest e_3

Long term debt and interest expense - Syndicated credit facility (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Letter of credit
Long-term debt and interest expenses
Maximum borrowing capacity	$ 200
Letter of credit outstanding	$ 16	$ 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		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Interest expenses
Interest on long-term debt	$ 48	$ 43	$ 93	$ 83
Interest expense on advance payments from customers	4	6	9	14
Interest on orbital securitization liability	2	2	4	4
Imputed interest and other		(1)		1
Capitalized interest	(5)	(1)	(8)	(2)
Interest expense on dissenting stockholder liability		1		3
Total interest expense	$ 49	$ 50	$ 98	$ 103

Financial instruments and fai_3

Financial instruments and fair value disclosures - Financial instruments measured at fair value (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Liabilities
Impairment losses	$ 12	$ 0	$ 15	$ 0
Recurring
Assets
Short-term investments	3		3		$ 3
Long-term investments	14		14		25
Assets fair value	21		21		33
Liabilities
Liabilities fair value	22		22		12
Recurring | Foreign exchange forward contracts & embedded derivatives
Assets
Derivative financial instruments	4		4		5
Liabilities
Derivative financial instruments	2		2		8
Recurring | Interest rate swaps
Liabilities
Derivative financial instruments	20		20		4
Recurring | Level 1
Assets
Short-term investments	3		3		3
Assets fair value	3		3		3
Recurring | Level 2
Assets
Long-term investments	2		2		1
Assets fair value	6		6		6
Liabilities
Liabilities fair value	22		22		12
Recurring | Level 2 | Foreign exchange forward contracts & embedded derivatives
Assets
Derivative financial instruments	4		4		5
Liabilities
Derivative financial instruments	2		2		8
Recurring | Level 2 | Interest rate swaps
Liabilities
Derivative financial instruments	20		20		4
Recurring | Level 3
Assets
Long-term investments	12		12		24
Assets fair value	$ 12		$ 12		$ 24

Financial instruments and fai_4

Financial instruments and fair value disclosures - Financial instruments recorded at carrying value (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 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	3,134	3,034
Orbital receivable	439	441
Level 2 | Fair value
Financial instruments and fair value disclosures
Long-term debt, excluding finance leases and other	2,938	2,925
Orbital receivable	$ 439	$ 441

Stockholders' equity - Componen

Stockholders' equity - Components of accumulated other comprehensive income (loss) (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018
Accumulated Other Comprehensive Income (Loss)
Balance at the beginning of period		$ 643
Balance at the end of period	$ 730
Net loss on hedge investments in foreign operations			$ 51
Accumulated other comprehensive income (loss)
Accumulated Other Comprehensive Income (Loss)
Balance at the beginning of period	76	82
Other comprehensive (loss) income	3	(5)
Tax expense		(1)
Balance at the end of period	79	76
Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss)
Balance at the beginning of period	107	111
Other comprehensive (loss) income	15	(4)
Balance at the end of period	122	107
Unrecognized (Loss) Gain on Derivative Instruments
Accumulated Other Comprehensive Income (Loss)
Balance at the beginning of period	(8)	(4)
Other comprehensive (loss) income	(12)	(4)
Balance at the end of period	(20)	(8)
Pension Adjustments
Accumulated Other Comprehensive Income (Loss)
Balance at the beginning of period	(23)	(25)
Other comprehensive (loss) income		3
Tax expense		(1)
Balance at the end of period	$ (23)	$ (23)

Stockholders' equity (Details)

Stockholders' equity (Details) $ / shares in Units, $ in Millions	May 28, 2019item$ / shares	May 12, 2019	Mar. 31, 2019USD ($)	Jun. 30, 2019$ / sharesshares	Jan. 01, 2019$ / shares	Dec. 31, 2018shares
Stockholders' equity
Common stock, par value (in dollars per share) | $ / shares				$ 0.0001	$ 0.0001
Series A Junior Participating Preferred Stock
Stockholders' equity
Preferred stock, authorized shares | shares				2,400,000		0
Preferred stock, shares outstanding | shares				0		0
Rights offering
Stockholders' equity
Percentage of shares acquired by entity under tax plan		4.90%
Number of preferred stock purchase right granted as dividend | item	1
Number of additional shares of common stock upon exercise | item	1
Percentage of discount on additional shares of common stock upon exercise	50.00%
Rights offering | Series A Junior Participating Preferred Stock
Stockholders' equity
Percentage of right to purchase shares of preferred stock	0.01%
Share price | $ / shares	$ 30.92
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	Jun. 30, 2019USD ($)
Revenue
Remaining performance obligation	$ 2.2
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-07-01
Revenue
Remaining performance obligation	$ 1
Revenue
Expected timing of satisfaction	6 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-01-01
Revenue
Remaining performance obligation	$ 0.5
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	$ 0.7
Revenue
Expected timing of satisfaction

Revenue - Contract assets and l

Revenue - Contract assets and liabilities (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Contract assets and contract liabilities
Contract Liabilities	$ 296	$ 421
Space Systems
Contract assets and contract liabilities
Contract Liabilities	101	172
Imagery
Contract assets and contract liabilities
Contract Liabilities	189	247
Imagery | EnhancedView contract
Contract assets and contract liabilities
Contract Liabilities	132	184
Increase in contract liability due to imputed interest on advance payments	8
Revenue recognized	60
Deferred contract costs	0	0
Services
Contract assets and contract liabilities
Contract Liabilities	$ 6	$ 2

Revenue - Disaggregation of rev

Revenue - Disaggregation of revenue by source (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenue
Revenues	$ 490	$ 579	$ 994	$ 1,136
Product
Revenue
Revenues	190	257	384	485
Service
Revenue
Revenues	300	322	610	651
Space Systems
Revenue
Orbital interest revenue	8	9	15	16
Operating Segments | Product
Revenue
Revenues	190	257	384	485
Operating Segments | Service
Revenue
Revenues	300	322	610	651
Operating Segments | Space Systems
Revenue
Revenues	257	330	531	623
Operating Segments | Space Systems | Product
Revenue
Revenues	190	257	384	485
Operating Segments | Space Systems | Service
Revenue
Revenues	26	47	71	98
Operating Segments | Imagery
Revenue
Revenues	201	212	401	423
Operating Segments | Imagery | Service
Revenue
Revenues	200	211	399	421
Operating Segments | Services
Revenue
Revenues	74	66	142	136
Operating Segments | Services | Service
Revenue
Revenues	74	64	140	132
Intersegment eliminations
Revenue
Revenues	(42)	(29)	(80)	(46)
Intersegment eliminations | Space Systems
Revenue
Revenues	41	26	76	40
Intersegment eliminations | Imagery
Revenue
Revenues	$ 1	1	2	2
Intersegment eliminations | Services
Revenue
Revenues		$ 2	$ 2	$ 4

Revenue - Disaggregation of r_2

Revenue - Disaggregation of revenue on geographic location of customers (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenue
Revenues	$ 490	$ 579	$ 994	$ 1,136
U.S.
Revenue
Revenues	349	339	687	708
Asia
Revenue
Revenues	52	96	120	172
Canada
Revenue
Revenues	28	53	53	101
Europe
Revenue
Revenues	34	36	60	69
South America
Revenue
Revenues	26	45	65	67
Other
Revenue
Revenues	$ 1	$ 10	$ 9	$ 19

Revenue - Disaggregation of r_3

Revenue - Disaggregation of revenue from significant customers (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenue
Revenues	$ 490	$ 579	$ 994	$ 1,136
U.S. Federal Government and agencies
Revenue
Revenues	263	219	494	451
Canadian Federal Government and agencies
Revenue
Revenues	$ 25	$ 31	$ 45	$ 59

Segment information - Operating

Segment information - Operating performance (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)segment	Jun. 30, 2018USD ($)
Segment information
Number of reportable segments | segment			3
Total revenues	$ 490	$ 579	$ 994	$ 1,136
Depreciation and amortization	(99)	(113)	(197)	(224)
Corporate and other unallocated expenses	(18)	(12)	(36)	(25)
Restructuring Charges	2	13	22	13
Acquisition and integration related expense	(2)	(6)	(6)	(10)
Impairment losses	(12)	0	(15)	0
Satellite insurance recovery	183		183
CEO severance			(3)
Interest expense, net	(49)	(50)	(98)	(103)
Equity loss from joint ventures, net of tax	2	(3)	3	(3)
Income (Loss) before taxes	150	(52)	91	(69)
Operating Segments | Space Systems
Segment information
Total revenues	257	330	531	623
Adjusted EBITDA	28	13	38	41
Operating Segments | Imagery
Segment information
Total revenues	201	212	401	423
Adjusted EBITDA	123	133	244	267
Operating Segments | Services
Segment information
Total revenues	74	66	142	136
Adjusted EBITDA	6	6	13	10
Intersegment eliminations
Segment information
Total revenues	(42)	(29)	(80)	(46)
Adjusted EBITDA	(10)	(7)	(13)	(9)
Intersegment eliminations | Space Systems
Segment information
Total revenues	41	26	76	40
Intersegment eliminations | Imagery
Segment information
Total revenues	$ 1	1	2	2
Intersegment eliminations | Services
Segment information
Total revenues		$ 2	$ 2	$ 4

Segment information - Capital e

Segment information - Capital expenditures (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Segment information
Capital expenditures, property, plant and equipment	$ 40	$ 40	$ 99	$ 83
Capital expenditures, intangible assets	14	20	28	37
Capital expenditures	54	60	127	120
Operating Segments | Space Systems
Segment information
Capital expenditures, property, plant and equipment	3	4	9	9
Capital expenditures, intangible assets		4	1	4
Capital expenditures	3	8	10	13
Operating Segments | Imagery
Segment information
Capital expenditures, property, plant and equipment	51	41	101	79
Capital expenditures, intangible assets	14	15	27	32
Capital expenditures	65	56	128	111
Operating Segments | Services
Segment information
Capital expenditures, property, plant and equipment		1		1
Capital expenditures, intangible assets		2		2
Capital expenditures		3		3
Intersegment eliminations
Segment information
Capital expenditures, property, plant and equipment	(14)	(6)	(11)	(6)
Capital expenditures, intangible assets		(1)		(1)
Capital expenditures	$ (14)	$ (7)	$ (11)	$ (7)

Employee benefit plans - Compon

Employee benefit plans - Components of net periodic benefit (credits) cost (Details) - Pensions Plans - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Employee benefit plans
Service cost	$ 1	$ 1	$ 2	$ 3
Interest cost	6		12
Expected return on plan assets	(9)		(15)
Amortization of net loss	1		1
Expenses paid	$ 1		1
Net periodic benefit (credit) cost		$ 1	$ 1	$ 3

Employee benefit plans - Narrat

Employee benefit plans - Narrative (Details) $ in Millions	Jun. 30, 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		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income taxes
Income tax expense (benefit)	$ 2	$ (9)	$ 1	$ (41)
Effective income tax rate			15.40%	(18.50%)

Earnings per share (Details)

Earnings per share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Earnings per share
Net (loss) income	$ 146	$ (40)	$ 87	$ (25)
Weighted average number of common shares outstanding - basic (in shares)	59.6	57.2	59.6	56.8
Weighted average number of common shares outstanding-diluted	59.6	57.2	59.6	56.8
Income (loss) per common share:
Basic (In dollars per share)	$ 2.45	$ (0.70)	$ 1.46	$ (0.44)
Diluted (In dollars per share)	$ 2.45	$ (0.70)	$ 1.46	$ (0.44)

Contingencies (Details)

Contingencies (Details) - Pending Litigation $ in Millions	1 Months Ended	3 Months Ended
	Jul. 31, 2018USD ($)	Mar. 31, 2019item
Ukranian customer
Contingencies
Recovery amount sought | $	$ 227
Durant v. Maxar Technologies Inc. and Schwartz v Maxar Technologies Inc.
Contingencies
Number of actions tol be consolidated | item		2
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	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019	Jun. 30, 2018
Supplemental cash flow information:
Cash paid for interest		$ (128)	$ (98)
Income tax payments		(4)	(3)
Supplemental non-cash investing and financing activities:
Accrued capital expenditures		19	$ 3
Impairment loss on equity investment	$ 12	$ 12