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Leases (Notes) | 12 Months Ended
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Dec. 31, 2020
Leases [Abstract] |
Leases | LEASES The Company has operating leases for office space, warehouses, distribution centers, research and development facilities, manufacturing locations and certain equipment, primarily automobiles. Many leases include one or more options to renew, some of which include options to extend the leases for up to 30 years, and some leases include options to terminate the leases within 30 days. In certain of the Company’s lease agreements, the rental payments are adjusted periodically to reflect actual charges incurred for common area maintenance, utilities, inflation and/or changes in other indexes. The Company’s finance leases were not material as of December 31, 2020 and 2019. Right-of-use (“ROU”) assets arising from finance leases are included in property, plant and equipment, net and the liabilities are included in notes payable and current portion of long-term debt and long-term debt in the accompanying Consolidated Balance Sheets. The components of operating lease expense for the years ended December 31 were as follows ($ in millions):
| 2020 |  | 2019 |  |
Fixed operating lease expense (a) | $ | 216 |  |  | $ | 196 |  |  |
Variable operating lease expense | 46 |  |  | 45 |  |  |
Total operating lease expense | $ | 262 |  |  | $ | 241 |  |  |
(a) Includes short-term leases and sublease income, both of which were immaterial. Supplemental cash flow information related to the Company’s operating leases for the years ended December 31 were as follows ($ in millions):
| 2020 |  | 2019
Cash paid for amounts included in the measurement of operating lease liabilities | $ | 221 |  |  | $ | 202 |
ROU assets obtained in exchange for operating lease obligations | 246 |  |  | 145 |
The following table presents the lease balances within the Consolidated Balance Sheets, weighted average remaining lease term, and weighted average discount rates related to the Company’s operating leases as of December 31 ($ in millions):
|  | 2020 |  | 2019
Lease Assets and Liabilities | Classification |  |  |
Assets: |  |  |  |
Operating lease ROU assets | Other long-term assets | $ | 942 |  |  | $ | 764 |
Liabilities: |  |  |  |
Current: |  |  |  |
Operating lease liabilities | Accrued expenses and other liabilities | $ | 189 |  |  | $ | 158 |
Long-term: |  |  |  |
Operating lease liabilities | Other long-term liabilities | 785 |  |  | 639 |
Total operating lease liabilities |  | $ | 974 |  |  | $ | 797 |
Weighted average remaining lease term | 7 years |  | 7 years
Weighted average discount rate | 2.8 | % |  | 3.1 | %
The following table presents the maturity of the Company’s operating lease liabilities as of December 31, 2020 ($ in millions):
2021 | $ | 213 |
2022 | 181 |
2023 | 151 |
2024 | 128 |
2025 | 105 |
Thereafter | 302 |
Total operating lease payments | 1,080 |
Less: imputed interest | 106 |
Total operating lease liabilities | $ | 974 |
As of December 31, 2020, the Company had no additional significant operating or finance leases that had not yet commenced. ASC 840 Comparative Disclosures Total rent expense under ASC 840 for all operating leases was $234 million for the year ended December 31, 2018.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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