Table of Contents The table below reconciles the undiscounted cash flows for each of the first five years and the total of the remaining years to the finance lease liabilities and operating lease liabilities recorded on the Successor Company’s Consolidated Balance Sheet as of December 31, 2019: The Company adopted ASU 2016-02 using a retrospective adoption method at January 1, 2019. See Note 2 for more information. The following is the minimum lease commitments under the previous lease guidance (ASC 840) as of December 31, 2018, as disclosed in the Predecessor Company’s most recent Annual Report on Form 10-K. The Company’s operations involve the use, handling, processing, storage, transportation and disposal of hazardous materials. The Company is subject to extensive environmental regulation at the federal, state and local levels as well as foreign laws and regulations, and is therefore exposed to the risk of claims for environmental remediation or restoration. In addition, violations of environmental laws or permits may result in restrictions being imposed on operating activities, substantial fines, penalties, damages or other costs, any of which could have a material adverse effect on the Company’s business, financial condition, results of operations or cash flows. 12. Commitments and Contingencies Environmental Matters Disclosures related to periods prior to adoption of ASU 2016-02 Predecessor 83 Year Minimum Rentals Under Operating Leases Minimum Payments Under Capital Leases 2019 $ 33 $ 15 2020 24 20 2021 20 13 2022 13 26 2023 10 9 2024 and thereafter 61 1 Total minimum payments $ 161 84 Less: Amount representing interest (18) Present value of minimum payments $ 66 Year Minimum Rentals Under Operating Leases Minimum Payments Under Finance Leases (1) 2020 $ 28 $ 3 2021 21 3 2022 14 — 2023 11 — 2024 4 — 2025 and thereafter 66 2 Total lease payments $ 144 $ 8 Less: Amount representing interest (36) (1) Present value of lease liabilities $ 108 $ 7 (1) Amounts exclude sale leaseback financing arrangements which are not considered leases under Topic 842.