XML 47 R35.htm IDEA: XBRL DOCUMENT v3.21.2
LEASES (Tables)
6 Months Ended
Jun. 30, 2021
Leases [Abstract]  
Lease Cost The components of lease expense for the three and six months ended June 30, 2021 and 2020 were as follows (in millions):
Three Months Ended
June 30,
Six Months Ended
June 30,
2021202020212020
Operating lease costs$179 $172 $354 $347 
Finance lease costs:
Amortization of assets23 20 46 38 
Interest on lease liabilities10 
Total finance lease costs26 25 53 48 
Variable lease costs62 55 127 113 
Short-term lease costs251 253 530 456 
Total lease costs$518 $505 $1,064 $964 
Supplemental cash flow information related to leases is as follows (in millions):
Six Months Ended
June 30,
20212020
Cash paid for amounts included in measurement of liabilities:
Operating cash flows from operating leases$364 $338 
Operating cash flows from finance leases10 
Financing cash flows from finance leases33 33 
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases$854 $403 
Finance leases113 49 
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):
June 30,
2021
December 31,
2020
Operating Leases:
Operating lease right-of-use assets$3,568 $3,073 
Current maturities of operating leases$556 $560 
Non-current operating leases3,038 2,540 
Total operating lease liabilities$3,594 $3,100 
Finance Leases:
Property, plant and equipment, net$1,145 $1,225 
Current maturities of long-term debt, commercial paper and finance leases$65 $56 
Long-term debt and finance leases354 286 
Total finance lease liabilities$419 $342 
Weighted average remaining lease term (in years):
Operating leases12.111.2
Finance leases11.09.3
Weighted average discount rate:
Operating leases1.99 %2.28 %
Finance leases3.82 %4.14 %
Operating Leases Maturity Schedule Maturities of lease liabilities as of June 30, 2021 are as follows (in millions):
Finance LeasesOperating Leases
2021$40 $305 
202276 609 
202360 515 
202439 426 
202534 382 
Thereafter279 1,902 
Total lease payments528 4,139 
Less: Imputed interest(109)(545)
Total lease obligations419 3,594 
Less: Current obligations(65)(556)
Long-term lease obligations$354 $3,038 
Finance Leases Maturity Schedule Maturities of lease liabilities as of June 30, 2021 are as follows (in millions):
Finance LeasesOperating Leases
2021$40 $305 
202276 609 
202360 515 
202439 426 
202534 382 
Thereafter279 1,902 
Total lease payments528 4,139 
Less: Imputed interest(109)(545)
Total lease obligations419 3,594 
Less: Current obligations(65)(556)
Long-term lease obligations$354 $3,038