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LEASES (Tables) | 3 Months Ended
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Mar. 31, 2019
Leases [Abstract] |
Lease Cost | The components of lease expense for the three months ended March 31, 2019 are as follows (in millions):
| Three Months Ended March 31, 2019
Operating lease costs | $ | 157 |
Finance lease costs: |
Amortization of assets | 19 |
Interest on lease liabilities | 5 |
Total finance lease costs | 24 |
Variable and short-term lease costs | 278 |
Total lease costs | $ | 459 |
Supplemental cash flow information related to leases is as follows (in millions):
| Three Months Ended March 31, 2019
Cash paid for amounts included in measurement of liabilities: |
Operating cash flows from operating leases | $ | 153 |
Operating cash flows from finance leases | 2 |
Financing cash flows from finance leases | 4 |
ROU assets obtained in exchange for lease liabilities: |
Operating leases | $ | 34 |
Supplemental Balance Sheet | Supplemental information and balance sheet location related to leases is as follows (in millions, except lease term and discount rate):
| March 31, 2019
Operating Leases: |
Operating lease right-of-use assets | $ | 2,543 |
Current maturities of operating leases | $ | 492 |
Non-current operating leases | 2,093 |
Total operating lease liabilities | $ | 2,585 |
Finance Leases: |
Property, plant and equipment, at cost | $ | 2,569 |
Accumulated amortization | 942 |
Property, plant and equipment, net | $ | 1,627 |
Current maturities of long-term debt, commercial paper and finance leases | $ | 138 |
Long-term debt and finance leases | 387 |
Total finance lease liabilities | $ | 525 |
Weighted average remaining lease term (in years): |
Operating leases | 9.1 |
Finance leases | 9.4 |
Weighted average discount rate: |
Operating leases | 2.74 | %
Finance leases | 4.28 | %
Operating Leases Maturity Schedule | Maturities of lease liabilities as of March 31, 2019 are as follows (in millions):
| Finance Leases |  | Operating Leases
2019 | $ | 150 |  |  | $ | 430 |
2020 | 93 |  |  | 498 |
2021 | 44 |  |  | 422 |
2022 | 38 |  |  | 350 |
2023 | 36 |  |  | 282 |
Thereafter | 292 |  |  | 1,045 |
Total lease payments | 653 |  |  | 3,027 |
Less: Imputed interest | (128 | ) |  | (442 | )
Total lease obligations | 525 |  |  | 2,585 |
Less: Current obligations | (138 | ) |  | (492 | )
Long-term lease obligations | $ | 387 |  |  | $ | 2,093 |
Finance Leases Maturity Schedule | Maturities of lease liabilities as of March 31, 2019 are as follows (in millions):
| Finance Leases |  | Operating Leases
2019 | $ | 150 |  |  | $ | 430 |
2020 | 93 |  |  | 498 |
2021 | 44 |  |  | 422 |
2022 | 38 |  |  | 350 |
2023 | 36 |  |  | 282 |
Thereafter | 292 |  |  | 1,045 |
Total lease payments | 653 |  |  | 3,027 |
Less: Imputed interest | (128 | ) |  | (442 | )
Total lease obligations | 525 |  |  | 2,585 |
Less: Current obligations | (138 | ) |  | (492 | )
Long-term lease obligations | $ | 387 |  |  | $ | 2,093 |
Contractual Obligation, Fiscal Year Maturity Schedule | The following table sets forth the aggregate minimum lease payments under capital and operating leases (in millions) as of December 31, 2018:
| Capital Leases |  | Operating Leases
2019 | $ | 158 |  |  | $ | 578 |
2020 | 95 |  |  | 477 |
2021 | 42 |  |  | 399 |
2022 | 39 |  |  | 325 |
2023 | 36 |  |  | 262 |
After 2023 | 293 |  |  | 926 |
Total lease payments | 663 |  |  | 2,967 |
Less: Imputed interest | (129 | ) |  |
Total lease obligations | 534 |  |  |
Less: Current obligations | (140 | ) |  |
Long-term lease obligations | $ | 394 |  |  |

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- Definition Tabular disclosure of the aggregate amount of payments due on known contractual obligations for the five years following the date of the latest balance sheet and the combined aggregate amount of maturities of known contractual obligations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 303 -Paragraph a -Subparagraph 5 + Details
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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980 + Details
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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980 + Details
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