jvid视频

(7) Leases

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Right-of-use assets and lease liabilities are initially recognized based on the present value of the future lease payments over the expected lease term. As for most leases the implicit rate is not readily determinable, the Company uses a discount rate in determining the present value of future payments based on the Company鈥檚 incremental borrowing rate on a collateralized basis aligning with the term of the lease. 听Our lease agreements include both lease and non-lease components, which the Company accounts for as a single lease component. 听Additionally, the Company does not recognize right-of-use assets or lease liabilities for short term-term leases, which are those leases with a term of twelve months or less at the lease commencement date. 听

The Company has finance lease agreements with transponder and transmitter network suppliers for the right to transmit its signals in the U.S. and Germany. The Company is also party to a finance lease agreement for data processing hardware and a warehouse. 听The Company also leases data processing equipment, facilities, office space, retail space and land. These leases are classified as operating leases. Operating lease ROU assets and operating lease liabilities are recognized based on the present value of the future lease payments using our incremental borrowing rate.

Our leases have remaining lease terms of less than听one year听to听13 years听some of which may include the听option听to听extend听for up to听14 years, and some of which include听options听to听terminate听the leases within less than听one year.

The components of lease cost during the years ended December 31, 2021, 2020 and 2019 were as follows:

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The remaining weighted-average lease term and the weighted-average discount rate were as follows:

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Supplemental balance sheet information related to leases was as follows:

Supplemental cash flow information related to leases was as follows:

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Future lease payments under finance leases and operating leases with initial terms of one year or more at December 31, 2021 consisted of the following:

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On October 5, 2018, QVC entered into a lease for an East Coast distribution center (鈥淓CDC Lease鈥�). The听1.7听million square foot rental building is located in Bethlehem, Pennsylvania and has an听initial听term of听15 years. QVC obtained initial access to a portion of the ECDC Lease during March 2019 and obtained access to the remaining portion during September 2019. 听In total, QVC recorded a ROU asset of听$141听million and an operating lease liability of听$131听million relating to the ECDC Lease, with the difference attributable to prepaid rent.听QVC is required to pay an initial base rent of $10听million per year, with payments that began in the third quarter of 2019, and increasing to $14听million per year, as well as all real estate taxes and other building operating costs. QVC also has the听option to extend听the term of the ECDC Lease for up to听two听consecutive terms of听5 years听each and one final term of听4 years.