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LEASES | 12 Months Ended
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Dec. 31, 2020
Leases [Abstract] |
Leases of Lessee Disclosure [Text Block] | A significant portion of the Company's operating and finance lease portfolio includes corporate offices, research and development facilities, manufacturing sites, information technology equipment, and automobiles. The majority of our leases have remaining lease terms of 1 year to 20 years, some of which include options to extend the leases for 5 years or more. Operating lease ROU assets are included in Other assets. The current portion of operating lease liabilities are included in Accrued liabilities, and the non-current portion of operating lease liabilities are included in Other liabilities on the Consolidated Balance Sheet. Finance lease ROU assets are included in Property, plant and equipment—net. The current portion of finance lease liabilities are included in Current maturities of long-term debt, and the non-current portion of finance lease liabilities are included in Long-term debt on the Consolidated Balance Sheet. A portion of the Company's real estate leases is generally subject to annual changes in the Consumer Price Index (CPI). The changes to the CPI are treated as variable lease payments and recognized in the period in which the obligation for those payments was incurred. In addition, a subset of our automobile leases is considered variable. The variable lease payments for such automobiles leases are based on actual mileage incurred at the stated contractual rate and recognized in the period in which the obligation for those payments was incurred.
| Years Ended December 31, |  |
| 2020 |  | 2019 |  |
Operating lease cost | $ | 214 |  |  | $ | 222 |  |  |
Variable lease cost | 18 |  |  | 27 |  |  |
Short-term lease cost | 17 |  |  | 12 |  |  |
Finance lease cost: |  |  |  |  |
Amortization of right-of-use assets | 69 |  |  | 65 |  |  |
Interest on lease liability | 27 |  |  | 30 |  |  |
Total finance lease cost | 96 |  |  | 95 |  |  |
Total lease cost | $ | 345 |  |  | $ | 356 |  |  |
Supplemental cash flow information related to leases was as follows:
| Years Ended December 31, |  |
| 2020 |  | 2019 |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |
Operating cash flows for operating leases | $ | 206 |  |  | $ | 224 |  |  |
Operating cash flows for finance leases | 32 |  |  | 32 |  |  |
Financing cash flows for finance leases | 65 |  |  | 61 |  |  |
Right-of-use assets obtained in exchange for lease obligations: |  |  |  |  |
Operating leases | $ | 245 |  |  | $ | 179 |  |  |
Finance leases | 27 |  |  | 34 |  |  |
Supplemental balance sheet information related to leases was as follows:
| December 31,
| 2020 |  | 2019
Operating leases |  |  |
Other assets | $ | 773 |  |  | $ | 673 |
Accrued liabilities | 187 |  |  | 171 |
Other liabilities | 641 |  |  | 534 |
Total operating lease liabilities | $ | 828 |  |  | $ | 705 |
Finance leases |  |  |
Property, plant and equipment | $ | 357 |  |  | $ | 361 |
Accumulated depreciation | (180) |  |  | (152) |
Property, plant and equipment—net | $ | 177 |  |  | $ | 209 |
Current maturities of long-term debt | 60 |  |  | 59 |
Long-term debt | 124 |  |  | 156 |
Total finance lease liabilities | $ | 184 |  |  | $ | 215 |
Weighted-average remaining lease term |  |  |
Operating leases | 7 years |  | 6 years
Finance leases | 3 years |  | 4 years
Weighted-average discount rate |  |  |
Operating leases | 2.9 | % |  | 3.3 | %
Finance leases | 16.3 | % |  | 16.2 | %
As of December 31, 2020, maturities of lease liabilities were as follows:
| Operating Leases |  | Finance Leases
2021 | $ | 204 |  |  | $ | 83 |
2022 | 169 |  |  | 63 |
2023 | 137 |  |  | 46 |
2024 | 103 |  |  | 40 |
2025 | 69 |  |  | 13 |
Thereafter | 231 |  |  | — |
Total lease payments | 913 |  |  | 245 |
Less-interest | (85) |  |  | (61) |
Total | $ | 828 |  |  | $ | 184 |

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- Definition The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -URI http://asc.fasb.org/topic&trid=2208923 + Details
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