Maxar (MAXR) 10-Q 4 Nov 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Oct. 31, 2019
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 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	Q3
Entity Central Index Key	0001121142
Amendment Flag	false
Common Stock
Entity Common Stock, Shares Outstanding		59,744,715
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		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenues:
Revenues	$ 479	$ 509	$ 1,473	$ 1,645
Costs and expenses:
Selling, general and administrative	92	132	275	368
Depreciation and amortization	96	119	293	343
Impairment losses		175	12	175
Satellite insurance recovery			(183)
Operating income (loss)	27	(237)	219	(198)
Interest expense, net	50	52	148	155
Other (income) expense, net	(1)	5	2	10
Income (loss) before taxes	(22)	(294)	69	(363)
Income tax expense (benefit)	3	(6)	4	(47)
Equity in loss (income) from joint ventures, net of tax	1	1	4	(2)
Net (loss) income	$ (26)	$ (289)	$ 61	$ (314)
(Loss) income per common share:
Basic (In dollars per share)	$ (0.44)	$ (4.88)	$ 1.02	$ (5.45)
Diluted (In dollars per share)	$ (0.44)	$ (4.88)	$ 1.02	$ (5.45)
Product
Revenues:
Revenues	$ 158	$ 201	$ 542	$ 686
Costs and expenses:
Product costs, excluding depreciation and amortization	159	220	521	661
Service
Revenues:
Revenues	321	308	931	959
Costs and expenses:
Service costs, excluding depreciation and amortization	$ 105	$ 100	$ 336	$ 296

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive (Loss) Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Condensed Consolidated Statements of Comprehensive (Loss) Income
Net (loss) income	$ (26)	$ (289)	$ 61	$ (314)
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustment	(5)	(4)	6	(4)
Unrealized (loss) gain on derivatives	(1)	5	(17)	5
Change in pension and other postretirement benefit plans		(1)	2	(1)
Other comprehensive (loss) income, net of tax	(6)		(9)
Comprehensive (loss) income, net of tax	(32)	(289)	52	(314)
Net (loss) on hedge of net investment in foreign operations	$ 0	$ 6	$ 5	$ 6

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 52	$ 35
Trade and other receivables, net	484	464
Inventory	20	31
Advances to suppliers	7	42
Income taxes receivable	21	14
Prepaid and other current assets	44	51
Total current assets	628	637
Non-current assets:
Orbital receivables	412	407
Deferred tax assets	110	103
Property, plant and equipment, net	824	747
Intangible assets, net	1,065	1,232
Non-current operating lease assets	125
Goodwill	1,759	1,751
Other assets	119	124
Total assets	5,042	5,001
Current liabilities:
Accounts payable	177	209
Accrued liabilities	56	116
Accrued compensation and benefits	99	100
Contract liabilities	279	361
Current portion of long-term debt	17	17
Current operating lease liabilities	33
Other current liabilities	59	46
Total current liabilities	720	849
Non-current liabilities:
Pension and other postretirement benefits	187	196
Contract liabilities	5	60
Operating lease liabilities	132
Long-term debt	3,114	3,030
Other non-current liabilities	182	222
Total liabilities	4,340	4,357
Stockholders' equity:
Common stock ($0.0001 par value, 240 million common shares authorized and 59.6 million outstanding at September 30, 2019; no par value, unlimited authorized common shares and 59.4 million outstanding at December 31, 2018)		1,713
Additional paid-in capital	1,780	59
Accumulated deficit	(1,152)	(1,211)
Accumulated other comprehensive income	73	82
Total Maxar stockholders' equity	701	643
Noncontrolling interest	1	1
Total stockholders' equity	702	644
Total liabilities and stockholders' equity	$ 5,042	$ 5,001

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 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	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash flows provided by (used in) Operating activities:
Net income (loss)	$ 61	$ (314)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation of property, plant and equipment	85	121
Amortization of intangible assets	208	222
Stock-based compensation expense	10	14
Amortization of debt issuance costs and other noncash interest expense	6	7
Impairment losses	15	213
Foreign exchange losses	5	3
Deferred income tax expense (benefit)		(29)
Other	7	12
Changes in operating assets and liabilities:
Trade and other receivables	(24)	(24)
Accrued compensation and benefits	(11)	(6)
Trade and other payables	(31)	(55)
Accrued liabilities	(64)	16
Contract liabilities	(143)	(156)
Advances to suppliers	35	39
Deferred tax assets	(5)	(23)
Deferred tax liabilities	4	34
Other	(16)	(26)
Cash provided by operating activities	142	48
Investing activities:
Purchase of property, plant and equipment	(163)	(111)
Purchase or development of software	(43)	(42)
Cash collected on note receivable		5
Disposal of subsidiary and short-term investments	3	(1)
Acquisitions, net of cash acquired		(6)
Cash used in investing activities	(203)	(155)
Financing activities:
Net proceeds from revolving credit facility	107	150
Repayments of long-term debt	(22)	(25)
Proceeds from securitization of orbital receivables		18
Settlement of securitization liability	(7)	(12)
Payment of dividends	(2)	(49)
Change in overdraft balance		2
Other financing activities	(1)
Cash provided by financing activities	75	84
Increase (decrease) in cash, cash equivalents, and restricted cash	14	(23)
Cash, cash equivalents, and restricted cash, beginning of year	43	42
Cash, cash equivalents, and restricted cash, end of period	$ 57	$ 19

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2019	Sep. 30, 2018
Reconciliation of cashflow information:
Cash and cash equivalents	$ 52	$ 9
Restricted cash included in prepaid and other current assets	1	8
Restricted cash included in other assets	4	2
Total cash, cash equivalents, and restricted cash	$ 57	$ 19

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Change in Shareholders' Equity - USD ($) shares in Millions, $ in Millions	Common StockNeptec	Common Stock	Additional paid in capital	Retained earnings (Accumulated deficit)	Accumulated other comprehensive income (loss)	Noncontrolling interest	Neptec	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, $0.28 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)								(314)
Balance at the end of period at Sep. 30, 2018		$ 1,696	68	(245)	113	1		1,633
Balance at the end of period (in shares) at Sep. 30, 2018		59.2
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 shareholder settlement		$ 111						111
Common shares issued as part of dissenting shareholder settlement (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, $0.28 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
Increase (Decrease) in Shareholders' Equity
Common shares issued as part of acquisition	$ 25						$ 25
Common shares issued as part of acquisition (in shares)	0.5
Common stock issued under employee stock purchase plan		$ 1						1
Common stock issued upon vesting or exercise of stock-based compensation awards		1	(1)
Reclassification of liability classified stock-based compensation awards to equity classified		(1)	1
Equity classified stock-based compensation expense			7					7
Dividends ($0.01 for 2019 and $0.29, $0.28 for 2018 per common share)				(17)				(17)
Comprehensive income (loss)				(289)				(289)
Balance at the end of period at Sep. 30, 2018		$ 1,696	68	(245)	113	1		1,633
Balance at the end of period (in shares) at Sep. 30, 2018		59.2
Balance at the beginning of period at Dec. 31, 2018		$ 1,713	59	(1,211)	82	1		$ 644
Balance at the beginning of period (in shares) at Dec. 31, 2018		59.4						59.4
Increase (Decrease) in Shareholders' Equity
Reclassification of APIC due to U.S. Domestication		$ (1,713)	1,713
Common stock issued under employee stock purchase plan			1					$ 1
Common stock issued under employee stock purchase plan (in shares)		0.1
Common stock issued upon vesting or exercise of stock-based compensation awards (shares)		0.1
Equity classified stock-based compensation expense			1					1
Dividends ($0.01 for 2019 and $0.29, $0.28 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)								$ 52
Balance at the end of period at Sep. 30, 2019			1,780	(1,152)	73	1		$ 702
Balance at the end of period (in shares) at Sep. 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
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
Increase (Decrease) in Shareholders' Equity
Equity classified stock-based compensation expense			4					4
Dividends ($0.01 for 2019 and $0.29, $0.28 for 2018 per common share)				(1)				(1)
Comprehensive income (loss)				(26)	(6)			(32)
Balance at the end of period at Sep. 30, 2019			$ 1,780	$ (1,152)	$ 73	$ 1		$ 702
Balance at the end of period (in shares) at Sep. 30, 2019		59.6						59.6

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Change in Shareholders' Equity (Parenthetical) - $ / shares	1 Months Ended	3 Months Ended
	Mar. 31, 2018	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018
Condensed Consolidated Statements of Change in Shareholders' Equity
Dividend per share (in dollars per share)	$ 0.29	$ 0.01	$ 0.01	$ 0.01	$ 0.28	$ 0.29

General business description

General business description	9 Months Ended
	Sep. 30, 2019
General business description
General business description	1. GENERAL BUSINESS DESCRIPTION Maxar Technologies Inc. (the “Company” or “Maxar”) is a leading provider of solutions in Earth intelligence and space infrastructure. Maxar helps government and commercial customers to monitor, understand and navigate the changing planet; deliver global broadband communications infrastructure; and explore and advance the use of space. The Company’s approach combines decades of deep mission understanding and a proven commercial and defense foundation to deliver services with speed, scale and cost effectiveness. The Company’s 5,800 team members in more than 30 global locations work to help customers harness the potential of space. Maxar’s stock trades on the New York Stock Exchange and Toronto Stock Exchange under the symbol “MAXR”. ​ Maxar’s businesses are organized and managed in three reportable segments: Space Systems, Imagery and Services. ​ On January 1, 2019, the Company completed a reorganization of its corporate structure pursuant to which the Company directly acquired all of the issued and outstanding shares of Maxar Technologies Ltd. (“Maxar Canada”), and the Company replaced Maxar Canada as the publicly-held parent company of the Maxar group (“U.S. Domestication”). Since its inception, Maxar Canada reported to securities regulators in both Canada and the U.S., financial statements prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board. Upon completion of the U.S. Domestication, and including the report herein, the Company has prepared its financial statements in accordance with accounting principles generally accepted in the U.S. (“U.S. GAAP”).

Summary of significant accounti

Summary of significant accounting policies	9 Months Ended
	Sep. 30, 2019
Summary of significant accounting policies
Summary of significant accounting policies	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of preparation The Unaudited Condensed Consolidated Financial Statements include the accounts of Maxar Technologies Inc., and all of its consolidated 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 The preparation of the Unaudited Condensed Consolidated Financial Statements in accordance with U.S. GAAP requires the Company to make estimates and judgments that affect the reported amounts of assets and liabilities and the disclosure of contingencies at the reporting date, as well as the reported amounts of revenues and expenses during the reporting period. Estimates have been prepared using the most current and best available information; however, actual results could differ materially from those estimates. Recently Adopted Accounting Pronouncements Leases In February 2016, the Financial Accounting Standards Board (“FASB”) issued ASU 2016-02, Leases (Topic 842) 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) ​ 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 Financial Instruments – Credit Losses

Business combination

Business combination	9 Months Ended
	Sep. 30, 2019
Business combination
Business combination	​ ​ 3. BUSINESS COMBINATION On July 16, 2018, the Company acquired Neptec Design Group Ltd. (“Neptec”), a leading electro-optical and electro-mechanical systems and high-performance intelligent Light Detection and Ranging company for $30 million, net of cash acquired, comprised of approximately $6 million in cash and the balance in common shares of Maxar. With Neptec, the Company will deliver end-to-end robotic systems and an expanded set of solutions in order to capture growth and accelerate advancement into new and expanding space segments. As a result of the transaction, the Company recognized $21 million of goodwill (not deductible for tax purposes), $11 million of intangible assets and $2 million of net liabilities. Neptec’s operating results are included in the Company’s consolidated financial statements beginning from the date of acquisition and had an immaterial effect on the Company’s Unaudited Condensed Consolidated Financial Statements for the three and nine months ended September 30, 2018. Direct transaction costs of the Neptec acquisition were not material and were expensed as incurred. ​ There were no business combinations during the nine months ended September 30, 2019.

Trade and other receivables, ne

Trade and other receivables, net	9 Months Ended
	Sep. 30, 2019
Trade and other receivables, net
Trade and other receivables. net	4. TRADE AND OTHER RECEIVABLES, NET Trade and other receivables, net consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2019 2018 Billed $ 218 ​ $ 242 Unbilled 221 ​ 172 Total trade receivables ​ 439 ​ ​ 414 Orbital receivables, current portion ​ 37 ​ ​ 34 Other ​ 10 ​ ​ 17 Allowance for doubtful accounts ​ (2) ​ ​ (1) Total trade and other receivables, net $ 484 ​ $ 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 September 30, 2019 and December 31, 2018, long-term orbital receivables were $412 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 securitization liabilities 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 liability. The amount of securitization liabilities was $103 million and $109 million at September 30, 2019 and December 31, 2018, respectively, of which $16 million and $15 million, respectively, is included in Other current liabilities on the Unaudited Condensed Consolidated Balance Sheets. The non-current amount of securitization liabilities is included in Other non-current liabilities on the Unaudited Condensed Consolidated Balance Sheets.

Inventory

Inventory	9 Months Ended
	Sep. 30, 2019
Inventory
Inventory	5. INVENTORY ​ Inventory consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ 2019 2018 Raw materials ​ $ 13 ​ $ 21 Work in process ​ ​ 7 ​ ​ 10 Total inventory ​ $ 20 ​ $ 31 ​

Property, plant and equipment,

Property, plant and equipment, net	9 Months Ended
	Sep. 30, 2019
Property, plant and equipment, net
Property, plant and equipment, net	6. PROPERTY, PLANT AND EQUIPMENT, NET Property, plant and equipment, net consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ 2019 2018 Satellites ​ $ 397 ​ $ 397 Equipment ​ ​ 230 ​ ​ 229 Leasehold improvements ​ ​ 98 ​ ​ 97 Computer hardware ​ ​ 96 ​ ​ 92 Land and land improvements ​ ​ 88 ​ ​ 88 Buildings ​ 46 ​ ​ 46 Furniture and fixtures ​ ​ 19 ​ ​ 19 Construction in process ​ ​ 298 ​ ​ 142 Property, plant and equipment, at cost ​ ​ 1,272 ​ ​ 1,110 Accumulated depreciation ​ (448) ​ ​ (363) Property, plant and equipment, net ​ $ 824 ​ $ 747 ​ Depreciation expense for property, plant and equipment was $26 million and $85 million, and $43 million and $121 million for the three and nine months ended September 30, 2019 and September 30, 2018, respectively. ​ During the second quarter of 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 the Company’s satellite’s loss of capacity to produce imagery for sale to the Company’s customers.

Intangible assets

Intangible assets	9 Months Ended
	Sep. 30, 2019
Intangible assets
Intangible assets	7. INTANGIBLE ASSETS Intangible assets consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2019 ​ December 31, 2018 ​ ​ Gross carrying value ​ Accumulated amortization ​ Net carrying value ​ Gross carrying value ​ Accumulated amortization ​ Net carrying value Customer relationships ​ $ 619 ​ $ (92) ​ $ 527 ​ $ 619 ​ $ (58) ​ $ 561 Backlog ​ 332 ​ (194) ​ 138 ​ 332 ​ (120) ​ 212 Technologies ​ ​ 328 ​ ​ (133) ​ ​ 195 ​ ​ 330 ​ ​ (86) ​ ​ 244 Software ​ ​ 239 ​ ​ (100) ​ ​ 139 ​ ​ 198 ​ ​ (71) ​ ​ 127 Image library ​ ​ 80 ​ ​ (44) ​ ​ 36 ​ ​ 80 ​ ​ (32) ​ ​ 48 Trade names and other ​ ​ 41 ​ ​ (13) ​ ​ 28 ​ ​ 41 ​ ​ (9) ​ ​ 32 Non-compete agreements ​ ​ 21 ​ ​ (19) ​ ​ 2 ​ ​ 21 ​ ​ (13) ​ ​ 8 Total intangible assets ​ $ 1,660 ​ $ (595) ​ $ 1,065 ​ $ 1,621 ​ $ (389) ​ $ 1,232 ​ Amortization expense related to intangible assets was $70 million and $208 million, and $76 million and $222 million for the three and nine months ended September 30, 2019 and September 30, 2018, respectively.

Leases

Leases	9 Months Ended
	Sep. 30, 2019
Leases
Leases	8. 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 15 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 consolidated balance sheets and will recognize lease expense on a straight-line basis in the consolidated statements 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 September 30, ​ Nine Months Ended September 30, ​ Classification ​ 2019 ​ 2019 Operating lease expense ​ ​ Selling, general, and administrative expense, Product and Service costs 1 ​ $ 8 ​ $ 25 ​ 1 Supplemental lease balance sheet information consists of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ ​ Classification ​ 2019 Assets: ​ ​ ​ ​ ​ ​ Operating ​ ​ Non-current operating lease assets ​ $ 125 Finance ​ ​ Property, plant and equipment, net ​ ​ 8 Total lease assets ​ ​ ​ ​ $ 133 Liabilities: ​ ​ ​ ​ ​ ​ Current ​ ​ ​ ​ ​ ​ Operating ​ ​ Current operating lease liabilities ​ $ 33 Finance ​ ​ Current portion of long-term debt ​ ​ 3 Non-current ​ ​ ​ ​ ​ ​ Operating ​ ​ Operating lease liabilities ​ ​ 132 Finance ​ ​ Long-term debt ​ ​ 3 Total lease liabilities ​ ​ ​ ​ $ 171 ​ Supplemental lease cash flow information is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ ​ 2019 ​ 2019 Cash paid for amounts included in the measurement of lease liabilities: ​ ​ ​ ​ ​ ​ Operating cash flows from operating leases ​ $ 9 ​ $ 27 ​ Other supplemental lease information consists of the following: ​ ​ ​ ​ ​ ​ ​ September 30, ​ ​ 2019 Weighted average remaining lease term ​ ​ ​ Operating leases ​ ​ 9 years Finance leases ​ ​ 3 years Weighted average discount rate ​ ​ ​ Operating leases ​ ​ 7.0% Finance leases ​ ​ 4.6% ​ Maturities of lease liabilities are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2019 1 2020 ​ 2021 ​ 2022 ​ 2023 ​ Thereafter ​ Less: Imputed Interest ​ Total Minimum Lease Payments Operating leases ​ $ 9 ​ $ 33 ​ $ 30 ​ $ 26 ​ $ 23 ​ $ 101 ​ $ (57) ​ $ 165 Finance leases ​ ​ 1 ​ ​ 3 ​ ​ 1 ​ ​ 1 ​ ​ — ​ ​ — ​ ​ — ​ ​ 6 ​ 1

Restructuring liability

Restructuring liability	9 Months Ended
	Sep. 30, 2019
Restructuring liability
Restructuring liability	9. 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 ​ ​ 21 Payments ​ ​ (19) Release of reserves ​ ​ (2) Balance as of September 30, 2019 ​ $ 6 ​

Long-term debt and interest exp

Long-term debt and interest expense, net	9 Months Ended
	Sep. 30, 2019
Long-term debt and interest expense, net
Long-term debt and interest expense	10. LONG-TERM DEBT AND INTEREST EXPENSE , NET ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2019 2018 Syndicated Credit Facility: ​ ​ Revolving Credit Facility ​ $ 696 ​ $ 595 Term Loan A ​ 500 ​ 500 Term Loan B ​ 1,960 ​ 1,980 Debt issuance costs ​ (35) ​ (41) Obligations under finance leases and other ​ 10 ​ 13 Total long-term debt ​ 3,131 ​ 3,047 Current portion ​ (17) ​ (17) Non-current portion ​ $ 3,114 ​ $ 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 September 30 , 2019 and December 31, 2018, the Company had Interest expense, net on long-term debt and other obligations are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ ​ 2019 2018 ​ 2019 2018 Interest on long-term debt ​ $ 50 ​ $ 46 ​ $ 143 ​ $ 129 Interest expense on advance payments from customers ​ ​ 3 ​ ​ 6 ​ ​ 12 ​ ​ 20 Interest on orbital securitization liability ​ ​ 2 ​ ​ 1 ​ ​ 6 ​ ​ 5 Imputed interest and other ​ ​ — ​ ​ 1 ​ ​ — ​ ​ 2 Capitalized interest ​ ​ (5) ​ ​ (2) ​ ​ (13) ​ ​ (4) Interest expense on dissenting stockholder liability ​ ​ — ​ ​ — ​ ​ — ​ ​ 3 Interest expense, net ​ $ 50 ​ $ 52 ​ $ 148 ​ $ 155 ​

Financial instruments and fair

Financial instruments and fair value disclosures	9 Months Ended
	Sep. 30, 2019
Financial instruments and fair value disclosures
Financial instruments and fair value disclosures	11. 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 September 30, 2019 ​ ​ Level 1 ​ Level 2 ​ Level 3 ​ Total Assets ​ ​ ​ ​ Short-term investments ​ $ 5 ​ $ — ​ $ — ​ $ 5 Long-term investments ​ ​ — ​ ​ — ​ ​ 12 ​ ​ 12 Derivative financial instruments ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign exchange forward contracts & embedded derivatives ​ ​ — ​ ​ 3 ​ ​ — ​ ​ 3 ​ ​ $ 5 ​ $ 3 ​ $ 12 ​ $ 20 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivative financial instruments ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign exchange forward contracts & embedded derivatives ​ $ — ​ $ 1 ​ $ — ​ $ 1 Interest rate swaps ​ ​ — ​ ​ 22 ​ ​ — ​ ​ 22 ​ ​ $ — ​ $ 23 ​ $ — ​ $ 23 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ In the second quarter of 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 investment impairment losses recognized in the three and nine months ended September 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 September 30, 2019 ​ ​ Carrying Value ​ Fair Value ​ Fair Value Hierarchy Long-term debt, excluding finance leases and other ​ $ 3,121 ​ $ 2,943 ​ Level 2 Orbital receivables ​ ​ 449 ​ ​ 449 ​ 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 nine months ended September 30, 2019 or year ended December 31, 2018.

Stockholders' equity

Stockholders' equity	9 Months Ended
	Sep. 30, 2019
Stockholders' equity
Stockholders' equity	12. 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 September 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 Other comprehensive (loss) income ​ ​ (5) ​ ​ (1) ​ ​ — ​ ​ (6) Tax expense ​ ​ — ​ ​ — ​ ​ — ​ ​ — Balance as of September 30, 2019 ​ $ 117 ​ $ (21) ​ $ (23) ​ $ 73 ​ 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 which is included in Foreign Currency Translation Adjustments. ​ 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 September 30, 2019, the balance consisted of unrecognized loss on the Company’s interest rate swaps.

Revenue

Revenue	9 Months Ended
	Sep. 30, 2019
Revenue
Revenue	13. REVENUE On September 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 $1.3 billion, $0.5 billion, and $0.4 billion in the three months ended December 31, 2019, year ended 2020 and thereafter, respectively. Contract liabilities by segment are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Space ​ ​ ​ ​ ​ As of September 30, 2019 Systems Imagery 1 Services ​ Total Contract liabilities ​ $ 121 ​ $ 157 ​ $ 6 ​ $ 284 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 $105 million and $184 million as of September 30, 2019 and December 31, 2018, respectively. During the nine months ended September 30, 2019, imputed interest on advanced payments increased the contract liability balance by $12 million, which was more than offset by $91 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 September 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 September 30, 2019 Space Systems Imagery Services Eliminations Total Product revenues ​ $ 158 ​ $ — ​ $ — ​ $ — ​ $ 158 Service revenues ​ 30 ​ 219 ​ 72 ​ — ​ 321 Intersegment ​ ​ 32 ​ 1 ​ 1 ​ (34) ​ — ​ ​ $ 220 ​ $ 220 ​ $ 73 ​ $ (34) ​ $ 479 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2018 Space Systems Imagery Services Eliminations Total Product revenues ​ $ 201 ​ $ — ​ $ — ​ $ — ​ $ 201 Service revenues ​ 39 ​ 209 ​ 60 ​ — ​ 308 Intersegment ​ ​ 23 ​ ​ 1 ​ ​ 2 ​ ​ (26) ​ ​ — ​ ​ $ 263 ​ $ 210 ​ $ 62 ​ $ (26) ​ $ 509 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2019 Space Systems Imagery Services Eliminations Total Product revenues ​ $ 542 ​ $ — ​ $ — ​ $ — ​ $ 542 Service revenues ​ 101 ​ 618 ​ 212 ​ — ​ 931 Intersegment ​ ​ 108 ​ 3 ​ 3 ​ (114) ​ — ​ ​ $ 751 ​ $ 621 ​ $ 215 ​ $ (114) ​ $ 1,473 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2018 Space Systems Imagery Services Eliminations Total Product revenues ​ $ 686 ​ $ — ​ $ — ​ $ — ​ $ 686 Service revenues ​ 137 ​ 630 ​ 192 ​ — ​ 959 Intersegment ​ ​ 63 ​ ​ 3 ​ ​ 6 ​ ​ (72) ​ ​ — ​ ​ $ 886 ​ $ 633 ​ $ 198 ​ $ (72) ​ $ 1,645 ​ 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 $23 million for the three and nine months ended September 30, 2019, respectively, as compared to $8 million and $24 million for the three and nine months ended September 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 September 30, ​ ​ 2019 ​ 2018 United States ​ $ 320 ​ $ 312 Asia ​ 63 ​ 92 Canada ​ 19 ​ 38 Europe ​ 43 ​ 28 South America ​ ​ 18 ​ ​ 32 Other ​ 16 ​ 7 Total revenues ​ $ 479 ​ $ 509 ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, ​ ​ 2019 ​ 2018 United States ​ $ 1,007 ​ $ 1,020 Asia ​ 183 ​ 264 Canada ​ 72 ​ 139 Europe ​ 103 ​ 97 South America ​ ​ 83 ​ ​ 99 Other ​ 25 ​ 26 Total revenues ​ $ 1,473 ​ $ 1,645 ​ Revenues from significant customers are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ 2019 2018 2019 ​ 2018 U.S. Federal Government and agencies ​ $ 242 ​ $ 207 ​ $ 736 ​ $ 658 Canadian Federal Government and agencies ​ ​ 13 ​ ​ 24 ​ ​ 58 ​ ​ 83 ​

Segment information

Segment information	9 Months Ended
	Sep. 30, 2019
Segment information
Segment information	14. 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. Certain items affecting comparability include restructuring, impairments, satellite insurance recovery, CEO severance and transaction and integration related expense. Transaction and integration related expense includes costs associated with de-leveraging activities, acquisitions and dispositions and the integration of acquisitions. 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 September 30, ​ ​ Nine Months Ended September 30, ​ 2019 2018 ​ 2019 2018 Revenues: ​ ​ ​ ​ ​ Space Systems $ 220 ​ $ 263 ​ ​ $ 751 ​ $ 886 Imagery 220 ​ 210 ​ ​ 621 ​ 633 Services ​ 73 ​ ​ 62 ​ ​ ​ 215 ​ ​ 198 Intersegment eliminations ​ (34) ​ ​ (26) ​ ​ ​ (114) ​ ​ (72) Total revenues $ 479 ​ $ 509 ​ ​ $ 1,473 ​ $ 1,645 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Adjusted EBITDA: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Space Systems $ 11 ​ $ (7) ​ ​ $ 49 ​ $ 34 Imagery ​ 140 ​ ​ 129 ​ ​ ​ 384 ​ ​ 396 Services ​ 9 ​ ​ 9 ​ ​ ​ 22 ​ ​ 19 Intersegment eliminations ​ (13) ​ ​ (7) ​ ​ ​ (26) ​ ​ (16) Depreciation and amortization ​ (96) ​ ​ (119) ​ ​ ​ (293) ​ ​ (343) Corporate and other expenses ​ (19) ​ ​ (19) ​ ​ ​ (55) ​ ​ (44) Restructuring ​ 1 ​ ​ (2) ​ ​ ​ (21) ​ ​ (15) Transaction and integration related expense ​ (7) ​ ​ (14) ​ ​ ​ (13) ​ ​ (24) Impairment losses, including inventory ​ — ​ ​ (213) ​ ​ ​ (15) ​ ​ (213) Satellite insurance recovery ​ — ​ ​ — ​ ​ ​ 183 ​ ​ — CEO severance ​ — ​ ​ — ​ ​ ​ (3) ​ ​ — Interest expense, net ​ (50) ​ ​ (52) ​ ​ ​ (148) ​ ​ (155) Interest income ​ 1 ​ ​ — ​ ​ ​ 1 ​ ​ — Equity loss (income) from joint ventures, net of tax ​ 1 ​ ​ 1 ​ ​ ​ 4 ​ ​ (2) Income (loss) before taxes $ (22) ​ $ (294) ​ ​ $ 69 ​ $ (363) ​ The Company’s capital expenditures are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2019 ​ ​ Space Systems ​ Imagery ​ Services Corporate and eliminations ​ Total Capital expenditures: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Property, plant and equipment ​ $ 7 ​ $ 51 ​ $ — ​ $ 8 ​ $ 66 Intangible assets ​ 1 ​ 14 ​ 1 ​ (1) ​ 15 ​ ​ $ 8 ​ $ 65 ​ $ 1 ​ $ 7 ​ $ 81 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2018 ​ ​ Space Systems ​ Imagery ​ Services Corporate and eliminations ​ Total Capital expenditures: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Property, plant and equipment ​ $ — ​ $ 39 ​ $ — ​ $ (11) ​ $ 28 Intangible assets ​ 5 ​ 7 ​ — ​ (7) ​ 5 ​ ​ $ 5 ​ $ 46 ​ $ — ​ $ (18) ​ $ 33 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2019 ​ ​ Space Systems ​ Imagery ​ Services Corporate and eliminations ​ Total Capital expenditures: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Property, plant and equipment ​ $ 14 ​ $ 152 ​ $ — ​ $ (3) ​ $ 163 Intangible assets ​ 2 ​ 41 ​ 1 ​ (1) ​ 43 ​ ​ $ 16 ​ $ 193 ​ $ 1 ​ $ (4) ​ $ 206 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2018 ​ ​ Space Systems ​ Imagery ​ Services Corporate and eliminations ​ Total Capital expenditures: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Property, plant and equipment ​ $ 9 ​ $ 118 ​ $ 1 ​ $ (17) ​ $ 111 Intangible assets ​ 9 ​ 39 ​ 2 ​ (8) ​ 42 ​ ​ $ 18 ​ $ 157 ​ $ 3 ​ $ (25) ​ $ 153 ​ Substantially all of the Company’s long-lived tangible assets were in the United States as of September 30, 2019 and December 31, 2018.

Impairment losses

Impairment losses	9 Months Ended
	Sep. 30, 2019
Impairment losses
Impairment losses	15. IMPAIRMENT LOSSES ​ Property, plant and equipment impairment The Company recognized an impairment loss of $86 million on its property, plant and equipment for the three months ended September 30, 2018. The impairment loss on property, plant and equipment was due to obsolescence and reduced future use of equipment and buildings in the Space Systems segment. Impairment loss in the Space Systems segment was based on fair value less cost of disposal for those assets in an orderly liquidation. Fair value was based on observable inputs where possible (Level 2), in which market data could be applied. However, due to the specialized nature of the majority of these assets, inputs for the valuation were unobservable (Level 3). The Company did not have material property, plant and equipment impairment during the nine months ended September 30, 2019. Intangible asset impairment The Company identified triggering events for impairment during the three months ended September 30, 2018 related to intangible assets of its GeoComm business, a reporting unit in the Space Systems segment. At the beginning of the year, the Company forecasted it would be awarded three to four contracts for GeoComm satellites, or approximately thirty percent of the overall 2018 industry awards. During the three months ended September 30, 2018, it became clear that industry and macroeconomic factors had declined substantially from earlier forecasts. Due to the decline in the GeoComm market, and the uncertainty surrounding the future of the Company’s GeoComm business, an impairment loss was recognized, primarily due to future cash flows associated with the intangible assets not being sufficient to cover the total book value of those assets. For the nine months ended September 30, 2018, the Company recognized a total impairment loss of $89 million related to the technology, trade name, software, and customer relationship intangible assets of the GeoComm business. The Company did not record an impairment of intangible assets for the nine months ended September 30, 2019. ​ Inventory impairment The Company re-evaluated the carrying value of its inventory that was previously pegged to forecasted usage. All GeoComm inventory subject to future use based on forecasts was assessed for possible obsolescence. The result of the reassessment of future usage of the on hand inventory was inventory impairment of $38 million for the three months ended September 30, 2018 which is included in Product costs, excluding depreciation and amortization on the Unaudited Condensed Consolidated Statement of Operations. The Company did not have material inventory impairment during the nine months ended September 30, 2019.

Employee benefit plans

Employee benefit plans	9 Months Ended
	Sep. 30, 2019
Employee benefit plans
Employee benefit plans	16. EMPLOYEE BENEFIT PLANS ​ The following table summarizes the components of net periodic benefit cost for the Company’s pension plans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ ​ Pension ​ Pension ​ ​ 2019 ​ 2018 ​ 2019 ​ 2018 Service cost ​ $ 1 ​ $ 2 ​ $ 3 ​ $ 5 Interest cost ​ 5 ​ — ​ 17 ​ — Expected return on plan assets ​ ​ (7) ​ ​ — ​ ​ (22) ​ ​ — Amortization of net loss ​ ​ — ​ ​ — ​ ​ 1 ​ ​ — Expenses paid ​ ​ 1 ​ ​ — ​ ​ 2 ​ ​ — Net periodic benefit cost ​ $ — ​ $ 2 ​ $ 1 ​ $ 5 ​ 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 September 30, 2019, all legal funding requirements had been met.

Income taxes

Income taxes	9 Months Ended
	Sep. 30, 2019
Income taxes
Income taxes	17. 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. The Company is also subject to the Base Erosion and Anti-Abuse Tax (“BEAT”). ​ In computing income tax expense for the nine months ended September 30, 2019, the Company applied the estimated annual effective tax rate to non-U.S. pre-tax income. No income tax expense or benefit was recognized on U.S. source income or loss as the Company does not expect to recognize the tax expense or benefit on U.S. source income or loss projected for the year. This resulted in an effective income tax rate of 13.5% for the nine months ended September 30, 2019. For the nine months ended September 30, 2018, income tax expense was computed as (22.0%). 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	9 Months Ended
	Sep. 30, 2019
Earnings per share
Earnings per share	18. EARNINGS PER SHARE The following table includes the calculation of basic and diluted net (loss) income per common share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ 2019 2018 2019 2018 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net (loss) income ​ $ (26) ​ $ (289) ​ $ 61 ​ $ (314) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average number of common shares outstanding-basic ​ ​ 59.6 ​ ​ 59.2 ​ ​ 59.6 ​ ​ 57.6 Weighted dilutive effect of equity awards ​ — ​ — ​ 0.4 ​ — Weighted average number of common shares outstanding-diluted ​ ​ 59.6 ​ ​ 59.2 ​ ​ 60.0 ​ ​ 57.6 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Loss) income per common share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic ​ $ (0.44) ​ $ (4.88) ​ $ 1.02 ​ $ (5.45) Diluted ​ $ (0.44) ​ $ (4.88) ​ $ 1.02 ​ $ (5.45) ​

Contingencies

Contingencies	9 Months Ended
	Sep. 30, 2019
Contingencies
Contingencies	19. CONTINGENCIES Contingencies in the normal course of business As discussed in Note 4, 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. With respect to the Company’s securitized liability for the orbital receivables, upon the occurrence of an event of default under the securitization facility agreement or upon the occurrence of limited events, the Company may be required to repurchase on demand any affected receivables at their then net present value. 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. Changes in estimates related to contracts accounted for using the cost-to-cost method of accounting are recognized in the period in which such changes are made for the inception-to-date effect of the changes. Unrecoverable costs on contracts that are expected to be incurred in future periods are recorded in program cost in the current period. ​ 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. On January 14, 2019, a Maxar stockholder filed a putative class action lawsuit captioned Oregon Laborers Employers Pension Trust Fund, et al. v. Maxar Technologies Inc., Charles O’Brien vs. Maxar Technologies Inc. ​ On October 21, 2019, a Maxar stockholder filed a putative class action lawsuit captioned McCurdy v. Maxar Technologies Inc., et al. ​ 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	9 Months Ended
	Sep. 30, 2019
Supplemental cash flow
Supplemental cash flow	20. SUPPLEMENTAL CASH FLOW ​ Selected cash payments and non-cash activities are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended ​ ​ September 30, ​ ​ 2019 2018 Supplemental cash flow information: ​ ​ ​ ​ ​ ​ Cash paid for interest ​ $ (174) ​ $ (139) Income tax (payments) refunds ​ ​ (4) ​ ​ 2 Supplemental non-cash investing and financing activities: ​ ​ ​ ​ ​ ​ Accrued capital expenditures ​ ​ 20 ​ ​ 27 Acquisitions ​ ​ — ​ ​ 25 Impairment loss on equity investment ​ ​ 12 ​ ​ — ​

Subsequent events

Subsequent events	9 Months Ended
	Sep. 30, 2019
Subsequent events
Subsequent events	​ ​ 21. SUBSEQUENT EVENTS ​ Senior Secured Notes On November 4, 2019, the Company announced the commencement of a private offering of $1.25 billion aggregate principal amount of Senior Secured Notes due 2023 (the “Notes”). The Notes will be senior, first-priority secured obligations of the Company initially guaranteed on a senior, first-priority secured basis by the Company’s subsidiaries that are guarantors under its existing syndicated credit facility. Concurrent Amendment to Revolving Credit Facility On November 4, 2019, the Company entered into an amendment (the “Credit Facility Amendment”) with lenders under the Company’s Revolving Credit Facility under the Syndicated Credit Facility Agreement. ​ The terms of the Credit Facility Amendment (1) modify certain financial covenant levels to permit maximum levels of Consolidated Debt to EBITDA (each as defined in the Syndicated Credit Facility Agreement) of 7.25x at the end of the current fiscal year, 7.50x at the end of the next fiscal quarter, 7.75x at the end of each fiscal quarter for the next 18 months, 7.50x at the end of each fiscal quarter for the next twelve months, 6.50x at the end of each fiscal quarter for the next six months and 5.75x for each fiscal quarter thereafter (subject to a 0.25x reduction in each maximum level upon a disposition of a business line for greater than $500 million); (2) extend the maturity of the Revolving Credit Facility to a date that is approximately four years subsequent to closing of the Credit Facility Amendment; (3) restrict investment capacity in certain permitted investments; (4) restrict future increases in quarterly dividend payment levels; (5) modify certain margin and standby fee terms; (6) modify the priority of application of voluntary prepayments resulting from certain asset sales (including to allow the Company to prioritize prepayment of the Company’s Term Loan A-1 and Term Loan A-2 ahead of Term Loan B Facility with proceeds from the Company’s Palo Alto land sale); and (7) restrict use of proceeds of future borrowings. The Credit Facility Amendment is conditioned on consummation of Notes offering other than with respect to priority of prepayments resulting from asset sale proceeds and certain other technical amendments, which are effective immediately. In addition, the Company intends to cancel the Operating Credit Facility and reduce committed borrowing capacity under the Revolving Credit Facility to $500 million. As of September 30, 2019, on an as adjusted basis after giving effect to the Amendment to the Revolving Credit Facility and Notes offering, the Company would have $500 million in available borrowing capacity under the Revolving Credit Facility less any letters of credit outstanding thereunder. ​ ​ Sale Leaseback Agreements ​ On November 1, 2019, the Company entered into a purchase and sale agreement for two properties in Palo Alto, California, for a total of $291 million. Contemporaneously with the closing of the sale, the Company will enter into two lease agreements, for which the Company will leaseback the properties. The leases will be considered operating leases with gross annual rent payments of $12 million for a period of two years for one property, and annual payments of $8 million for a period of ten years for the other property, both subject to 3% annual escalation . ​

Summary of significant accoun_2

Summary of significant accounting policies (Policies)	9 Months Ended
	Sep. 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)

Trade and other receivables, _2

Trade and other receivables, net (Tables)	9 Months Ended
	Sep. 30, 2019
Trade and other receivables, net
Schedule of trade and other receivables, net	​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2019 2018 Billed $ 218 ​ $ 242 Unbilled 221 ​ 172 Total trade receivables ​ 439 ​ ​ 414 Orbital receivables, current portion ​ 37 ​ ​ 34 Other ​ 10 ​ ​ 17 Allowance for doubtful accounts ​ (2) ​ ​ (1) Total trade and other receivables, net $ 484 ​ $ 464

Inventory (Tables)

Inventory (Tables)	9 Months Ended
	Sep. 30, 2019
Inventory
Schedule of inventory	​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ 2019 2018 Raw materials ​ $ 13 ​ $ 21 Work in process ​ ​ 7 ​ ​ 10 Total inventory ​ $ 20 ​ $ 31

Property, plant and equipment_2

Property, plant and equipment, net (Tables)	9 Months Ended
	Sep. 30, 2019
Property, plant and equipment, net
Schedule of property, plant and equipment, net	Property, plant and equipment, net consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ 2019 2018 Satellites ​ $ 397 ​ $ 397 Equipment ​ ​ 230 ​ ​ 229 Leasehold improvements ​ ​ 98 ​ ​ 97 Computer hardware ​ ​ 96 ​ ​ 92 Land and land improvements ​ ​ 88 ​ ​ 88 Buildings ​ 46 ​ ​ 46 Furniture and fixtures ​ ​ 19 ​ ​ 19 Construction in process ​ ​ 298 ​ ​ 142 Property, plant and equipment, at cost ​ ​ 1,272 ​ ​ 1,110 Accumulated depreciation ​ (448) ​ ​ (363) Property, plant and equipment, net ​ $ 824 ​ $ 747

Intangible assets (Tables)

Intangible assets (Tables)	9 Months Ended
	Sep. 30, 2019
Intangible assets
Schedule of intangible assets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2019 ​ December 31, 2018 ​ ​ Gross carrying value ​ Accumulated amortization ​ Net carrying value ​ Gross carrying value ​ Accumulated amortization ​ Net carrying value Customer relationships ​ $ 619 ​ $ (92) ​ $ 527 ​ $ 619 ​ $ (58) ​ $ 561 Backlog ​ 332 ​ (194) ​ 138 ​ 332 ​ (120) ​ 212 Technologies ​ ​ 328 ​ ​ (133) ​ ​ 195 ​ ​ 330 ​ ​ (86) ​ ​ 244 Software ​ ​ 239 ​ ​ (100) ​ ​ 139 ​ ​ 198 ​ ​ (71) ​ ​ 127 Image library ​ ​ 80 ​ ​ (44) ​ ​ 36 ​ ​ 80 ​ ​ (32) ​ ​ 48 Trade names and other ​ ​ 41 ​ ​ (13) ​ ​ 28 ​ ​ 41 ​ ​ (9) ​ ​ 32 Non-compete agreements ​ ​ 21 ​ ​ (19) ​ ​ 2 ​ ​ 21 ​ ​ (13) ​ ​ 8 Total intangible assets ​ $ 1,660 ​ $ (595) ​ $ 1,065 ​ $ 1,621 ​ $ (389) ​ $ 1,232

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2019
Leases
Schedule of components of lease expense	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ Classification ​ 2019 ​ 2019 Operating lease expense ​ ​ Selling, general, and administrative expense, Product and Service costs 1 ​ $ 8 ​ $ 25
Supplemental lease balance sheet information	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ ​ Classification ​ 2019 Assets: ​ ​ ​ ​ ​ ​ Operating ​ ​ Non-current operating lease assets ​ $ 125 Finance ​ ​ Property, plant and equipment, net ​ ​ 8 Total lease assets ​ ​ ​ ​ $ 133 Liabilities: ​ ​ ​ ​ ​ ​ Current ​ ​ ​ ​ ​ ​ Operating ​ ​ Current operating lease liabilities ​ $ 33 Finance ​ ​ Current portion of long-term debt ​ ​ 3 Non-current ​ ​ ​ ​ ​ ​ Operating ​ ​ Operating lease liabilities ​ ​ 132 Finance ​ ​ Long-term debt ​ ​ 3 Total lease liabilities ​ ​ ​ ​ $ 171
Schedule of supplemental lease cash flow information	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ ​ 2019 ​ 2019 Cash paid for amounts included in the measurement of lease liabilities: ​ ​ ​ ​ ​ ​ Operating cash flows from operating leases ​ $ 9 ​ $ 27
Schedule of other supplemental lease information	​ ​ ​ ​ ​ ​ ​ September 30, ​ ​ 2019 Weighted average remaining lease term ​ ​ ​ Operating leases ​ ​ 9 years Finance leases ​ ​ 3 years Weighted average discount rate ​ ​ ​ Operating leases ​ ​ 7.0% Finance leases ​ ​ 4.6%
Schedule of maturities of finance lease liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2019 1 2020 ​ 2021 ​ 2022 ​ 2023 ​ Thereafter ​ Less: Imputed Interest ​ Total Minimum Lease Payments Operating leases ​ $ 9 ​ $ 33 ​ $ 30 ​ $ 26 ​ $ 23 ​ $ 101 ​ $ (57) ​ $ 165 Finance leases ​ ​ 1 ​ ​ 3 ​ ​ 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 ​ $ 9 ​ $ 33 ​ $ 30 ​ $ 26 ​ $ 23 ​ $ 101 ​ $ (57) ​ $ 165 Finance leases ​ ​ 1 ​ ​ 3 ​ ​ 1 ​ ​ 1 ​ ​ — ​ ​ — ​ ​ — ​ ​ 6 ​ 1

Restructuring liability (Tables

Restructuring liability (Tables)	9 Months Ended
	Sep. 30, 2019
Restructuring liability
Schedule of changes to restructuring liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Restructuring Liability Balance as of December 31, 2018 ​ $ 6 Obligations incurred ​ ​ 21 Payments ​ ​ (19) Release of reserves ​ ​ (2) Balance as of September 30, 2019 ​ $ 6

Long term debt and interest exp

Long term debt and interest expense, net (Tables)	9 Months Ended
	Sep. 30, 2019
Long-term debt and interest expense, net
Summary of long term debt	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2019 2018 Syndicated Credit Facility: ​ ​ Revolving Credit Facility ​ $ 696 ​ $ 595 Term Loan A ​ 500 ​ 500 Term Loan B ​ 1,960 ​ 1,980 Debt issuance costs ​ (35) ​ (41) Obligations under finance leases and other ​ 10 ​ 13 Total long-term debt ​ 3,131 ​ 3,047 Current portion ​ (17) ​ (17) Non-current portion ​ $ 3,114 ​ $ 3,030
Schedule of interest expense on long term debt and other obligations	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ ​ 2019 2018 ​ 2019 2018 Interest on long-term debt ​ $ 50 ​ $ 46 ​ $ 143 ​ $ 129 Interest expense on advance payments from customers ​ ​ 3 ​ ​ 6 ​ ​ 12 ​ ​ 20 Interest on orbital securitization liability ​ ​ 2 ​ ​ 1 ​ ​ 6 ​ ​ 5 Imputed interest and other ​ ​ — ​ ​ 1 ​ ​ — ​ ​ 2 Capitalized interest ​ ​ (5) ​ ​ (2) ​ ​ (13) ​ ​ (4) Interest expense on dissenting stockholder liability ​ ​ — ​ ​ — ​ ​ — ​ ​ 3 Interest expense, net ​ $ 50 ​ $ 52 ​ $ 148 ​ $ 155

Financial instruments and fai_2

Financial instruments and fair value disclosures (Tables)	9 Months Ended
	Sep. 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 September 30, 2019 ​ ​ Level 1 ​ Level 2 ​ Level 3 ​ Total Assets ​ ​ ​ ​ Short-term investments ​ $ 5 ​ $ — ​ $ — ​ $ 5 Long-term investments ​ ​ — ​ ​ — ​ ​ 12 ​ ​ 12 Derivative financial instruments ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign exchange forward contracts & embedded derivatives ​ ​ — ​ ​ 3 ​ ​ — ​ ​ 3 ​ ​ $ 5 ​ $ 3 ​ $ 12 ​ $ 20 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivative financial instruments ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign exchange forward contracts & embedded derivatives ​ $ — ​ $ 1 ​ $ — ​ $ 1 Interest rate swaps ​ ​ — ​ ​ 22 ​ ​ — ​ ​ 22 ​ ​ $ — ​ $ 23 ​ $ — ​ $ 23 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 September 30, 2019 ​ ​ Carrying Value ​ Fair Value ​ Fair Value Hierarchy Long-term debt, excluding finance leases and other ​ $ 3,121 ​ $ 2,943 ​ Level 2 Orbital receivables ​ ​ 449 ​ ​ 449 ​ 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)	9 Months Ended
	Sep. 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 Other comprehensive (loss) income ​ ​ (5) ​ ​ (1) ​ ​ — ​ ​ (6) Tax expense ​ ​ — ​ ​ — ​ ​ — ​ ​ — Balance as of September 30, 2019 ​ $ 117 ​ $ (21) ​ $ (23) ​ $ 73 ​ 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 which is included in Foreign Currency Translation Adjustments. ​ 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 September 30, 2019, the balance consisted of unrecognized loss on the Company’s interest rate swaps.

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Sep. 30, 2019
Revenue
Summary of contract assets and contract liabilities by segment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Space ​ ​ ​ ​ ​ As of September 30, 2019 Systems Imagery 1 Services ​ Total Contract liabilities ​ $ 121 ​ $ 157 ​ $ 6 ​ $ 284 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 $105 million and $184 million as of September 30, 2019 and December 31, 2018, respectively. During the nine months ended September 30, 2019, imputed interest on advanced payments increased the contract liability balance by $12 million, which was more than offset by $91 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 September 30, 2019 or December 31, 2018.
Summary of revenue by primary sources	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2019 Space Systems Imagery Services Eliminations Total Product revenues ​ $ 158 ​ $ — ​ $ — ​ $ — ​ $ 158 Service revenues ​ 30 ​ 219 ​ 72 ​ — ​ 321 Intersegment ​ ​ 32 ​ 1 ​ 1 ​ (34) ​ — ​ ​ $ 220 ​ $ 220 ​ $ 73 ​ $ (34) ​ $ 479 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2018 Space Systems Imagery Services Eliminations Total Product revenues ​ $ 201 ​ $ — ​ $ — ​ $ — ​ $ 201 Service revenues ​ 39 ​ 209 ​ 60 ​ — ​ 308 Intersegment ​ ​ 23 ​ ​ 1 ​ ​ 2 ​ ​ (26) ​ ​ — ​ ​ $ 263 ​ $ 210 ​ $ 62 ​ $ (26) ​ $ 509 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2019 Space Systems Imagery Services Eliminations Total Product revenues ​ $ 542 ​ $ — ​ $ — ​ $ — ​ $ 542 Service revenues ​ 101 ​ 618 ​ 212 ​ — ​ 931 Intersegment ​ ​ 108 ​ 3 ​ 3 ​ (114) ​ — ​ ​ $ 751 ​ $ 621 ​ $ 215 ​ $ (114) ​ $ 1,473 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2018 Space Systems Imagery Services Eliminations Total Product revenues ​ $ 686 ​ $ — ​ $ — ​ $ — ​ $ 686 Service revenues ​ 137 ​ 630 ​ 192 ​ — ​ 959 Intersegment ​ ​ 63 ​ ​ 3 ​ ​ 6 ​ ​ (72) ​ ​ — ​ ​ $ 886 ​ $ 633 ​ $ 198 ​ $ (72) ​ $ 1,645
Summary of revenue by geographic location	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ ​ 2019 ​ 2018 United States ​ $ 320 ​ $ 312 Asia ​ 63 ​ 92 Canada ​ 19 ​ 38 Europe ​ 43 ​ 28 South America ​ ​ 18 ​ ​ 32 Other ​ 16 ​ 7 Total revenues ​ $ 479 ​ $ 509 ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, ​ ​ 2019 ​ 2018 United States ​ $ 1,007 ​ $ 1,020 Asia ​ 183 ​ 264 Canada ​ 72 ​ 139 Europe ​ 103 ​ 97 South America ​ ​ 83 ​ ​ 99 Other ​ 25 ​ 26 Total revenues ​ $ 1,473 ​ $ 1,645
Schedule of revenue from significant customers	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ 2019 2018 2019 ​ 2018 U.S. Federal Government and agencies ​ $ 242 ​ $ 207 ​ $ 736 ​ $ 658 Canadian Federal Government and agencies ​ ​ 13 ​ ​ 24 ​ ​ 58 ​ ​ 83

Segment information (Tables)

Segment information (Tables)	9 Months Ended
	Sep. 30, 2019
Segment information
Summary of operating performance of the reporting segments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ ​ Nine Months Ended September 30, ​ 2019 2018 ​ 2019 2018 Revenues: ​ ​ ​ ​ ​ Space Systems $ 220 ​ $ 263 ​ ​ $ 751 ​ $ 886 Imagery 220 ​ 210 ​ ​ 621 ​ 633 Services ​ 73 ​ ​ 62 ​ ​ ​ 215 ​ ​ 198 Intersegment eliminations ​ (34) ​ ​ (26) ​ ​ ​ (114) ​ ​ (72) Total revenues $ 479 ​ $ 509 ​ ​ $ 1,473 ​ $ 1,645 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Adjusted EBITDA: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Space Systems $ 11 ​ $ (7) ​ ​ $ 49 ​ $ 34 Imagery ​ 140 ​ ​ 129 ​ ​ ​ 384 ​ ​ 396 Services ​ 9 ​ ​ 9 ​ ​ ​ 22 ​ ​ 19 Intersegment eliminations ​ (13) ​ ​ (7) ​ ​ ​ (26) ​ ​ (16) Depreciation and amortization ​ (96) ​ ​ (119) ​ ​ ​ (293) ​ ​ (343) Corporate and other expenses ​ (19) ​ ​ (19) ​ ​ ​ (55) ​ ​ (44) Restructuring ​ 1 ​ ​ (2) ​ ​ ​ (21) ​ ​ (15) Transaction and integration related expense ​ (7) ​ ​ (14) ​ ​ ​ (13) ​ ​ (24) Impairment losses, including inventory ​ — ​ ​ (213) ​ ​ ​ (15) ​ ​ (213) Satellite insurance recovery ​ — ​ ​ — ​ ​ ​ 183 ​ ​ — CEO severance ​ — ​ ​ — ​ ​ ​ (3) ​ ​ — Interest expense, net ​ (50) ​ ​ (52) ​ ​ ​ (148) ​ ​ (155) Interest income ​ 1 ​ ​ — ​ ​ ​ 1 ​ ​ — Equity loss (income) from joint ventures, net of tax ​ 1 ​ ​ 1 ​ ​ ​ 4 ​ ​ (2) Income (loss) before taxes $ (22) ​ $ (294) ​ ​ $ 69 ​ $ (363)
Schedule of capital expenditures by segment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2019 ​ ​ Space Systems ​ Imagery ​ Services Corporate and eliminations ​ Total Capital expenditures: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Property, plant and equipment ​ $ 7 ​ $ 51 ​ $ — ​ $ 8 ​ $ 66 Intangible assets ​ 1 ​ 14 ​ 1 ​ (1) ​ 15 ​ ​ $ 8 ​ $ 65 ​ $ 1 ​ $ 7 ​ $ 81 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2018 ​ ​ Space Systems ​ Imagery ​ Services Corporate and eliminations ​ Total Capital expenditures: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Property, plant and equipment ​ $ — ​ $ 39 ​ $ — ​ $ (11) ​ $ 28 Intangible assets ​ 5 ​ 7 ​ — ​ (7) ​ 5 ​ ​ $ 5 ​ $ 46 ​ $ — ​ $ (18) ​ $ 33 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2019 ​ ​ Space Systems ​ Imagery ​ Services Corporate and eliminations ​ Total Capital expenditures: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Property, plant and equipment ​ $ 14 ​ $ 152 ​ $ — ​ $ (3) ​ $ 163 Intangible assets ​ 2 ​ 41 ​ 1 ​ (1) ​ 43 ​ ​ $ 16 ​ $ 193 ​ $ 1 ​ $ (4) ​ $ 206 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2018 ​ ​ Space Systems ​ Imagery ​ Services Corporate and eliminations ​ Total Capital expenditures: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Property, plant and equipment ​ $ 9 ​ $ 118 ​ $ 1 ​ $ (17) ​ $ 111 Intangible assets ​ 9 ​ 39 ​ 2 ​ (8) ​ 42 ​ ​ $ 18 ​ $ 157 ​ $ 3 ​ $ (25) ​ $ 153

Employee benefit plans (Tables)

Employee benefit plans (Tables)	9 Months Ended
	Sep. 30, 2019
Employee benefit plans
Summary of the components of net periodic benefit (credits) cost	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ ​ Pension ​ Pension ​ ​ 2019 ​ 2018 ​ 2019 ​ 2018 Service cost ​ $ 1 ​ $ 2 ​ $ 3 ​ $ 5 Interest cost ​ 5 ​ — ​ 17 ​ — Expected return on plan assets ​ ​ (7) ​ ​ — ​ ​ (22) ​ ​ — Amortization of net loss ​ ​ — ​ ​ — ​ ​ 1 ​ ​ — Expenses paid ​ ​ 1 ​ ​ — ​ ​ 2 ​ ​ — Net periodic benefit cost ​ $ — ​ $ 2 ​ $ 1 ​ $ 5

Earnings per share (Tables)

Earnings per share (Tables)	9 Months Ended
	Sep. 30, 2019
Earnings per share
Summary of calculation of basic and diluted EPS	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ 2019 2018 2019 2018 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net (loss) income ​ $ (26) ​ $ (289) ​ $ 61 ​ $ (314) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average number of common shares outstanding-basic ​ ​ 59.6 ​ ​ 59.2 ​ ​ 59.6 ​ ​ 57.6 Weighted dilutive effect of equity awards ​ — ​ — ​ 0.4 ​ — Weighted average number of common shares outstanding-diluted ​ ​ 59.6 ​ ​ 59.2 ​ ​ 60.0 ​ ​ 57.6 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Loss) income per common share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic ​ $ (0.44) ​ $ (4.88) ​ $ 1.02 ​ $ (5.45) Diluted ​ $ (0.44) ​ $ (4.88) ​ $ 1.02 ​ $ (5.45)

Supplemental cash flow (Tables)

Supplemental cash flow (Tables)	9 Months Ended
	Sep. 30, 2019
Supplemental cash flow
Schedule of supplemental cash flow	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended ​ ​ September 30, ​ ​ 2019 2018 Supplemental cash flow information: ​ ​ ​ ​ ​ ​ Cash paid for interest ​ $ (174) ​ $ (139) Income tax (payments) refunds ​ ​ (4) ​ ​ 2 Supplemental non-cash investing and financing activities: ​ ​ ​ ​ ​ ​ Accrued capital expenditures ​ ​ 20 ​ ​ 27 Acquisitions ​ ​ — ​ ​ 25 Impairment loss on equity investment ​ ​ 12 ​ ​ —

General business description (D

General business description (Details)	9 Months Ended
	Sep. 30, 2019employeesegmentitem
General business description
Number of team members | employee	5,800
Number of global locations | item	30
Number of reportable segments | segment	3

Summary of significant accoun_3

Summary of significant accounting policies - Narratives (Details) - USD ($) $ in Millions	Sep. 30, 2019	Jan. 01, 2019
Leases
Operating lease right-of-use assets	$ 125
Operating lease liability	$ 165
ASU 2016-02
Leases
Operating lease right-of-use assets		$ 133
Operating lease liability		$ 176

Business combination (Details)

Business combination (Details) $ in Millions	Jul. 16, 2018USD ($)	Sep. 30, 2019USD ($)item	Dec. 31, 2018USD ($)
Business combination
Goodwill		$ 1,759	$ 1,751
Number of business combinations | item		0
Neptec
Business combination
Purchase consideration	$ 30
Cash paid for acquisition	6
Goodwill	21
Intangible assets, net	11
Net liabilities	$ 2

Trade and other receivables, _3

Trade and other receivables, net (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Trade and other receivables, net
Billed	$ 218	$ 242
Unbilled	221	172
Total trade receivables	439	414
Orbital receivables, current portion	37	34
Other	10	17
Allowance for doubtful accounts	(2)	(1)
Total trade and other receivables, net	$ 484	$ 464

Trade and other receivables, _4

Trade and other receivables, net - Orbital receivables (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Sep. 30, 2019
Trade and other receivables
Orbital receivables	$ 407	$ 412
Orbital receivables
Proceeds from sale of orbital receivables	18
Securitization liabilities	109	103
Other current liabilities
Orbital receivables
Securitization liabilities	$ 15	$ 16

Inventory (Details)

Inventory (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Inventory
Raw materials	$ 13	$ 21
Work in process	7	10
Total	20	31
Total inventory	$ 20	$ 31

Property, plant and equipment_3

Property, plant and equipment, net (Details) - USD ($) $ in Millions	3 Months Ended			9 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Property, plant and equipment
Property, plant and equipment, at cost	$ 1,272			$ 1,272		$ 1,110
Accumulated depreciation	(448)			(448)		(363)
Property, plant and equipment, net	824			824		747
Depreciation	26		$ 43	85	$ 121
Satellite insurance recovery				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	96			96		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	$ 298			$ 298		$ 142

Intangible assets (Details)

Intangible assets (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Finite-lived intangible assets:
Gross carrying value	$ 1,660		$ 1,660		$ 1,621
Accumulated amortization	(595)		(595)		(389)
Net carrying value	1,065		1,065		1,232
Impairment losses of intangible assets			0	$ 89
Amortization of intangible assets	70	$ 76	208	$ 222
Trade names and other
Finite-lived intangible assets:
Gross carrying value	41		41		41
Accumulated amortization	(13)		(13)		(9)
Net carrying value	28		28		32
Customer relationships
Finite-lived intangible assets:
Gross carrying value	619		619		619
Accumulated amortization	(92)		(92)		(58)
Net carrying value	527		527		561
Backlog
Finite-lived intangible assets:
Gross carrying value	332		332		332
Accumulated amortization	(194)		(194)		(120)
Net carrying value	138		138		212
Technologies
Finite-lived intangible assets:
Gross carrying value	328		328		330
Accumulated amortization	(133)		(133)		(86)
Net carrying value	195		195		244
Software
Finite-lived intangible assets:
Gross carrying value	239		239		198
Accumulated amortization	(100)		(100)		(71)
Net carrying value	139		139		127
Image library
Finite-lived intangible assets:
Gross carrying value	80		80		80
Accumulated amortization	(44)		(44)		(32)
Net carrying value	36		36		48
Non-compete agreements
Finite-lived intangible assets:
Gross carrying value	21		21		21
Accumulated amortization	(19)		(19)		(13)
Net carrying value	$ 2		$ 2		$ 8

Leases (Details)

Leases (Details)	9 Months Ended
	Sep. 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	15 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	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Selling, general, and administrative expense, Product and Service costs
Leases
Operating lease expense	$ 8	$ 25

Leases - Supplemental lease bal

Leases - Supplemental lease balance sheet information (Details) $ in Millions	Sep. 30, 2019USD ($)
Leases
Non-current operating lease assets	$ 125
Operating Lease, Right-of-Use Asset, Balance Sheet Location	us-gaap:OperatingLeaseRightOfUseAsset
Finance	$ 8
Finance Lease, Right-of-Use Asset, Balance Sheet Location	us-gaap:PropertyPlantAndEquipmentNet
Total leased assets	$ 133
Current operating lease liabilities	$ 33
Operating Lease, Liability, Current, Balance Sheet Location	us-gaap:OperatingLeaseLiabilityCurrent
Operating lease liability, non current	$ 132
Operating Lease, Liability, Non-current, Balance Sheet Location	us-gaap:OperatingLeaseLiabilityNoncurrent
Finance lease liability, current	$ 3
Finance Lease, Liability, Current, Balance Sheet Location	us-gaap:OtherLiabilitiesCurrent
Finance lease liability, non current	$ 3
Finance Lease, Liability, Noncurrent, Balance Sheet Location	us-gaap:OtherLiabilitiesNoncurrent
Total leased Liabilities	$ 171

Leases - Supplemental lease cas

Leases - Supplemental lease cash flow information (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 9	$ 27

Leases - Other Supplemental lea

Leases - Other Supplemental lease information (Details)	Sep. 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	7.00%
Finance leases - Weighted average discount rate	4.60%

Leases - Maturities of lease li

Leases - Maturities of lease liabilities (Details) $ in Millions	Sep. 30, 2019USD ($)
Operating leases
2019	$ 9
2020	33
2021	30
2022	26
2023	23
Thereafter	101
Less: imputed interest	(57)
Total minimum lease payments	165
Finance leases
2019	1
2020	3
2021	1
2022	1
Total minimum lease payments	$ 6

Restructuring liability (Detail

Restructuring liability (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Restructuring liability
Balance as of December 31, 2018			$ 6
Obligations incurred	$ (1)	$ 2	21	$ 15
Payments			(19)
Release of reserves			(2)
Balance as of September 30, 2019	$ 6		$ 6

Long term debt and interest e_2

Long term debt and interest expense, net (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Long-term debt and interest expenses, net
Debt issuance costs	$ (35)	$ (41)
Obligations under finance leases and other	10	13
Total long-term debt	3,131	3,047
Current portion	(17)	(17)
Non-current portion	3,114	3,030
Revolving loan payable
Long-term debt and interest expenses, net
Long-term debt	696	595
Term Loan A
Long-term debt and interest expenses, net
Long-term debt	500	500
Term Loan B
Long-term debt and interest expenses, net
Long-term debt	$ 1,960	$ 1,980

Long term debt and interest e_3

Long term debt and interest expense, net - Syndicated credit facility (Details) $ in Millions	9 Months Ended
	Sep. 30, 2019USD ($)
Letter of credit
Long-term debt and interest expenses, net
Maximum borrowing capacity	$ 200
Letter of credit outstanding	$ 18
DigitalGlobe | Senior secured first lien revolving credit facility
Long-term debt and interest expenses, net
Term of debt	4 years
DigitalGlobe | Senior Secured First Lien Operating Facility
Long-term debt and interest expenses, net
Term of debt	4 years
DigitalGlobe | Term Loan B
Long-term debt and interest expenses, net
Term of debt	7 years
Aggregate principal amount	$ 3,750

Long term debt and interest e_4

Long term debt and interest expense, net - Interest expense on long term debts and other obligations (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Interest expense, net
Interest on long-term debt	$ 50	$ 46	$ 143	$ 129
Interest expense on advance payments from customers	3	6	12	20
Interest on orbital securitization liability	2	1	6	5
Imputed interest and other		1		2
Capitalized interest	(5)	(2)	(13)	(4)
Interest expense on dissenting stockholder liability				3
Interest expense, net	$ 50	$ 52	$ 148	$ 155

Financial instruments and fai_3

Financial instruments and fair value disclosures - Financial instruments measured at fair value (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Liabilities
Impairment losses	$ 12		$ 15	$ 213
Impairment of investments		$ 0		$ 0
Recurring
Assets
Short-term investments			5		$ 3
Long-term investments			12		25
Assets fair value			20		33
Liabilities
Liabilities fair value			23		12
Recurring | Foreign exchange forward contracts & embedded derivatives
Assets
Derivative financial instruments			3		5
Liabilities
Derivative financial instruments			1		8
Recurring | Interest rate swaps
Liabilities
Derivative financial instruments			22		4
Recurring | Level 1
Assets
Short-term investments			5		3
Assets fair value			5		3
Recurring | Level 2
Assets
Long-term investments					1
Assets fair value			3		6
Liabilities
Liabilities fair value			23		12
Recurring | Level 2 | Foreign exchange forward contracts & embedded derivatives
Assets
Derivative financial instruments			3		5
Liabilities
Derivative financial instruments			1		8
Recurring | Level 2 | Interest rate swaps
Liabilities
Derivative financial instruments			22		4
Recurring | Level 3
Assets
Long-term investments			12		24
Assets fair value			$ 12		$ 24

Financial instruments and fai_4

Financial instruments and fair value disclosures - Financial instruments recorded at carrying value (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 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	3,121	3,034
Orbital receivable	449	441
Level 2 | Fair value
Financial instruments and fair value disclosures
Long-term debt, excluding finance leases and other	2,943	2,925
Orbital receivable	$ 449	$ 441

Stockholders' equity - Componen

Stockholders' equity - Components of accumulated other comprehensive income (loss) (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2019	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	$ 701
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	79	$ 76	82
Other comprehensive (loss) income	(6)	3	(5)
Tax expense			(1)
Balance at the end of period	73	79	76
Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss)
Balance at the beginning of period	122	107	111
Other comprehensive (loss) income	(5)	15	(4)
Balance at the end of period	117	122	107
Unrecognized (Loss) Gain on Derivative Instruments
Accumulated Other Comprehensive Income (Loss)
Balance at the beginning of period	(20)	(8)	(4)
Other comprehensive (loss) income	(1)	(12)	(4)
Balance at the end of period	(21)	(20)	(8)
Pension Adjustments
Accumulated Other Comprehensive Income (Loss)
Balance at the beginning of period	(23)	(23)	(25)
Other comprehensive (loss) income			3
Tax expense			(1)
Balance at the end of period	$ (23)	$ (23)	$ (23)

Stockholders' equity (Details)

Stockholders' equity (Details) $ / shares in Units, $ in Millions	May 28, 2019item$ / shares	May 12, 2019	Mar. 31, 2019USD ($)	Sep. 30, 2019$ / 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	Sep. 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	$ 1.3
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	$ 0.4
Revenue
Expected timing of satisfaction

Revenue - Contract assets and l

Revenue - Contract assets and liabilities (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Contract assets and contract liabilities
Contract Liabilities	$ 284	$ 421
Space Systems
Contract assets and contract liabilities
Contract Liabilities	121	172
Imagery
Contract assets and contract liabilities
Contract Liabilities	157	247
Imagery | Enhanced View contract
Contract assets and contract liabilities
Contract Liabilities	105	184
Increase in contract liability due to imputed interest on advance payments	12
Revenue recognized	91
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		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenue
Revenues	$ 479	$ 509	$ 1,473	$ 1,645
Product
Revenue
Revenues	158	201	542	686
Service
Revenue
Revenues	321	308	931	959
Space Systems
Revenue
Orbital interest revenue	8	8	23	24
Operating Segments | Product
Revenue
Revenues	158	201	542	686
Operating Segments | Service
Revenue
Revenues	321	308	931	959
Operating Segments | Space Systems
Revenue
Revenues	220	263	751	886
Operating Segments | Space Systems | Product
Revenue
Revenues	158	201	542	686
Operating Segments | Space Systems | Service
Revenue
Revenues	30	39	101	137
Operating Segments | Imagery
Revenue
Revenues	220	210	621	633
Operating Segments | Imagery | Service
Revenue
Revenues	219	209	618	630
Operating Segments | Services
Revenue
Revenues	73	62	215	198
Operating Segments | Services | Service
Revenue
Revenues	72	60	212	192
Intersegment eliminations
Revenue
Revenues	(34)	(26)	(114)	(72)
Intersegment eliminations | Space Systems
Revenue
Revenues	32	23	108	63
Intersegment eliminations | Imagery
Revenue
Revenues	1	1	3	3
Intersegment eliminations | Services
Revenue
Revenues	$ 1	$ 2	$ 3	$ 6

Revenue - Disaggregation of r_2

Revenue - Disaggregation of revenue on geographic location of customers (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenue
Revenues	$ 479	$ 509	$ 1,473	$ 1,645
U.S.
Revenue
Revenues	320	312	1,007	1,020
Asia
Revenue
Revenues	63	92	183	264
Canada
Revenue
Revenues	19	38	72	139
Europe
Revenue
Revenues	43	28	103	97
South America
Revenue
Revenues	18	32	83	99
Other
Revenue
Revenues	$ 16	$ 7	$ 25	$ 26

Revenue - Disaggregation of r_3

Revenue - Disaggregation of revenue from significant customers (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenue
Revenues	$ 479	$ 509	$ 1,473	$ 1,645
U.S. Federal Government and agencies
Revenue
Revenues	242	207	736	658
Canadian Federal Government and agencies
Revenue
Revenues	$ 13	$ 24	$ 58	$ 83

Segment information - Operating

Segment information - Operating performance (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)segment	Sep. 30, 2018USD ($)
Segment information
Number of reportable segments | segment			3
Total revenues	$ 479	$ 509	$ 1,473	$ 1,645
Depreciation and amortization	(96)	(119)	(293)	(343)
Corporate and other unallocated expenses	(19)	(19)	(55)	(44)
Restructuring Charges	(1)	2	21	15
Acquisition and integration related expense	(7)	(14)	(13)	(24)
Satellite insurance recovery			183
Inventory impairment			0	(38)
CEO severance			(3)
Impairment losses, including inventory		(213)	(15)	(213)
Interest expense, net	(50)	(52)	(148)	(155)
Interest income	1		1
Equity loss (income) from joint ventures, net of tax	1	1	4	(2)
Income (loss) before taxes	(22)	(294)	69	(363)
Operating Segments | Space Systems
Segment information
Total revenues	220	263	751	886
Adjusted EBITDA	11	(7)	49	34
Operating Segments | Imagery
Segment information
Total revenues	220	210	621	633
Adjusted EBITDA	140	129	384	396
Operating Segments | Services
Segment information
Total revenues	73	62	215	198
Adjusted EBITDA	9	9	22	19
Intersegment eliminations
Segment information
Total revenues	(34)	(26)	(114)	(72)
Adjusted EBITDA	(13)	(7)	(26)	(16)
Intersegment eliminations | Space Systems
Segment information
Total revenues	32	23	108	63
Intersegment eliminations | Imagery
Segment information
Total revenues	1	1	3	3
Intersegment eliminations | Services
Segment information
Total revenues	$ 1	$ 2	$ 3	$ 6

Segment information - Capital e

Segment information - Capital expenditures (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Segment information
Capital expenditures, property, plant and equipment	$ 66	$ 28	$ 163	$ 111
Capital expenditures, intangible assets	15	5	43	42
Capital expenditures	81	33	206	153
Operating Segments | Space Systems
Segment information
Capital expenditures, property, plant and equipment	7		14	9
Capital expenditures, intangible assets	1	5	2	9
Capital expenditures	8	5	16	18
Operating Segments | Imagery
Segment information
Capital expenditures, property, plant and equipment	51	39	152	118
Capital expenditures, intangible assets	14	7	41	39
Capital expenditures	65	46	193	157
Operating Segments | Services
Segment information
Capital expenditures, property, plant and equipment				1
Capital expenditures, intangible assets	1		1	2
Capital expenditures	1		1	3
Intersegment eliminations
Segment information
Capital expenditures, property, plant and equipment	8	(11)	(3)	(17)
Capital expenditures, intangible assets	(1)	(7)	(1)	(8)
Capital expenditures	$ 7	$ (18)	$ (4)	$ (25)

Impairment losses (Details)

Impairment losses (Details) $ in Millions	9 Months Ended		12 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Dec. 31, 2017contract
Impairment Losses [Line Items]
Impairment of property, plant and equipment		$ 86
Percent of the overall 2018 industry awards			30.00%
Impairment losses of intangible assets	$ 0	89
Inventory impairment	$ 0	$ 38
Minimum
Impairment Losses [Line Items]
Number of contracts | contract			3
Maximum
Impairment Losses [Line Items]
Number of contracts | contract			4

Employee benefit plans - Compon

Employee benefit plans - Components of net periodic benefit (credits) cost (Details) - Pensions Plans - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Employee benefit plans
Service cost	$ 1	$ 2	$ 3	$ 5
Interest cost	5		17
Expected return on plan assets	(7)		(22)
Amortization of net loss			1
Expenses paid	$ 1		2
Net periodic benefit cost		$ 2	$ 1	$ 5

Employee benefit plans - Narrat

Employee benefit plans - Narrative (Details) $ in Millions	Sep. 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		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income taxes
Income tax expense (benefit)	$ 3	$ (6)	$ 4	$ (47)
Effective income tax rate			13.50%	22.00%

Earnings per share (Details)

Earnings per share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Earnings per share
Net (loss) income	$ (26)	$ (289)	$ 61	$ (314)
Weighted average number of common shares outstanding - basic (in shares)	59.6	59.2	59.6	57.6
Weighted dilutive effect of equity awards (in shares)			0.4
Weighted average number of common shares outstanding-diluted	59.6	59.2	60	57.6
(Loss) income per common share:
Basic (In dollars per share)	$ (0.44)	$ (4.88)	$ 1.02	$ (5.45)
Diluted (In dollars per share)	$ (0.44)	$ (4.88)	$ 1.02	$ (5.45)

Contingencies (Details)

Contingencies (Details) $ in Millions	1 Months Ended
	Jul. 31, 2018USD ($)
Pending Litigation | Ukranian customer
Contingencies
Recovery amount sought	$ 227

Supplemental cash flow - (Detai

Supplemental cash flow - (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Supplemental cash flow information:
Cash paid for interest		$ (174)	$ (139)
Income tax (payments) refunds		(4)	2
Supplemental non-cash investing and financing activities:
Accrued capital expenditures		20	27
Impairment loss on equity investment	$ 175	$ 12	175
Acquisitions			$ 25

Subsequent events (Details)

Subsequent events (Details) - Subsequent event $ in Millions	Nov. 04, 2019USD ($)	Nov. 01, 2019USD ($)propertyagreement	Sep. 30, 2019USD ($)
Subsequent events
Number of properties sold | property		2
Proceeds from Sale of Property		$ 291
Number of lease agreements | agreement		2
Credit Facility Amendment
Subsequent events
Period of extension	4 years
Current borrowing capacity	$ 500
Remaining borrowing capacity			$ 500
Leased property one
Subsequent events
Gross annual lease payments		$ 12
Lease term		2 years
Percentage of escalation of annual lease payments		3.00%
Leased property two
Subsequent events
Gross annual lease payments		$ 8
Lease term		10 years
Percentage of escalation of annual lease payments		3.00%
Notes
Subsequent events
Aggregate principal amount	$ 1,250
End of the current fiscal year | Credit Facility Amendment
Subsequent events
Consolidated Debt to EBITDA	7.25%
End of the next fiscal quarter | Credit Facility Amendment
Subsequent events
Consolidated Debt to EBITDA	7.50%
End of each fiscal quarter for the next 18 months | Credit Facility Amendment
Subsequent events
Consolidated Debt to EBITDA	7.75%
End of each fiscal quarter for the next twelve months | Credit Facility Amendment
Subsequent events
Consolidated Debt to EBITDA	7.50%
End of each fiscal quarter for the next six months | Credit Facility Amendment
Subsequent events
Consolidated Debt to EBITDA	6.50%
Each fiscal quarter thereafter | Credit Facility Amendment
Subsequent events
Consolidated Debt to EBITDA	5.75%
Disposition of a business line for greater than $500 million | Credit Facility Amendment
Subsequent events
Percentage of reduction in each maximum level	0.25%
Minimum amount of disposition of business line to trigger a reduction in each maximum level of consolidated debt to EBITDA	$ 500