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LEASES (Tables)
 3 Months Ended
Mar. 31, 2021
Leases [Abstract]  
Lease Cost
The components of lease expense for the three months ended March 31, 2021 and 2020 were as follows (in millions):
Three Months Ended
March 31,
20212020
Operating lease costs$175 $175 
Finance lease costs:
Amortization of assets23 18 
Interest on lease liabilities4 5 
Total finance lease costs27 23 
Variable lease costs65 58 
Short-term lease costs279 203 
Total lease costs$546 $459 
Supplemental cash flow information related to leases is as follows (in millions):
Three Months Ended
March 31,
20212020
Cash paid for amounts included in measurement of liabilities:
Operating cash flows from operating leases$171 $175 
Operating cash flows from finance leases1 2 
Financing cash flows from finance leases13 6 
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases$174 $305 
Finance leases23 10 
Supplemental Balance Sheet
Supplemental information related to leases and location within our consolidated balance sheets are as follows (in millions, except lease term and discount rate):
March 31,
2021		December 31,
2020
Operating Leases:
Operating lease right-of-use assets$3,044 $3,073 
Current maturities of operating leases$548 $560 
Non-current operating leases2,524 2,540 
Total operating lease liabilities$3,072 $3,100 
Finance Leases:
Property, plant and equipment, net$1,167 $1,225 
Current maturities of long-term debt, commercial paper and finance leases$61 $56 
Long-term debt and finance leases291 286 
Total finance lease liabilities$352 $342 
Weighted average remaining lease term (in years):
Operating leases12.411.2
Finance leases8.99.3
Weighted average discount rate:
Operating leases2.17 %2.28 %
Finance leases4.02 %4.14 %
Operating Leases Maturity Schedule
Maturities of lease liabilities as of March 31, 2021 are as follows (in millions):
Finance LeasesOperating Leases
2021$61 $457 
202270 569 
202355 467 
202434 344 
202529 266 
Thereafter188 1,504 
Total lease payments437 3,607 
Less: Imputed interest(85)(535)
Total lease obligations352 3,072 
Less: Current obligations(61)(548)
Long-term lease obligations$291 $2,524 
Finance Leases Maturity Schedule
Maturities of lease liabilities as of March 31, 2021 are as follows (in millions):
Finance LeasesOperating Leases
2021$61 $457 
202270 569 
202355 467 
202434 344 
202529 266 
Thereafter188 1,504 
Total lease payments437 3,607 
Less: Imputed interest(85)(535)
Total lease obligations352 3,072 
Less: Current obligations(61)(548)
Long-term lease obligations$291 $2,524