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LEASES (Tables) | 9 Months Ended
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Sep. 30, 2021
Leases [Abstract] |
Lease Cost | The components of lease expense for the three and nine months ended September 30, 2021 and 2020 were as follows (in millions):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Operating lease costs | $ | 183 |  |  | $ | 180 |  |  | $ | 537 |  |  | $ | 527 |
Finance lease costs: |  |  |  |  |  |  |
Amortization of assets | 24 |  |  | 20 |  |  | 70 |  |  | 58 |
Interest on lease liabilities | 4 |  |  | 4 |  |  | 11 |  |  | 14 |
Total finance lease costs | 28 |  |  | 24 |  |  | 81 |  |  | 72 |
Variable lease costs | 51 |  |  | 58 |  |  | 178 |  |  | 171 |
Short-term lease costs | 305 |  |  | 260 |  |  | 835 |  |  | 716 |
Total lease costs | $ | 567 |  |  | $ | 522 |  |  | $ | 1,631 |  |  | $ | 1,486 |
Supplemental cash flow information related to leases is as follows (in millions):
| Nine Months Ended September 30,
| 2021 |  | 2020
Cash paid for amounts included in measurement of liabilities: |  |  |
Operating cash flows from operating leases | $ | 538 |  |  | $ | 508 |
Operating cash flows from finance leases | 8 |  |  | 11 |
Financing cash flows from finance leases | 48 |  |  | 136 |
Right-of-use assets obtained in exchange for lease liabilities: |  |  |
Operating leases | $ | 953 |  |  | $ | 544 |
Finance leases | 252 |  |  | 50 |
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):
| September 30, 2021 |  | December 31, 2020
Operating Leases: |  |  |
Operating lease right-of-use assets | $ | 3,460 |  |  | $ | 3,073 |
Current maturities of operating leases | $ | 552 |  |  | $ | 560 |
Non-current operating leases | 2,938 |  |  | 2,540 |
Total operating lease liabilities | $ | 3,490 |  |  | $ | 3,100 |
Finance Leases: |  |  |
Property, plant and equipment, net | $ | 1,260 |  |  | $ | 1,225 |
Current maturities of long-term debt, commercial paper and finance leases | $ | 268 |  |  | $ | 56 |
Long-term debt and finance leases | 274 |  |  | 286 |
Total finance lease liabilities | $ | 542 |  |  | $ | 342 |
Weighted average remaining lease term (in years): |  |  |
Operating leases | 11.8 |  | 11.2
Finance leases | 5.6 |  | 9.3
Weighted average discount rate: |  |  |
Operating leases | 1.98 | % |  | 2.28 | %
Finance leases | 2.14 | % |  | 4.14 | %
Operating Leases Maturity Schedule | Maturities of lease liabilities as of September 30, 2021 are as follows (in millions):
| Finance Leases |  | Operating Leases
2021 | $ | 166 |  |  | $ | 127 |
2022 | 138 |  |  | 629 |
2023 | 58 |  |  | 533 |
2024 | 35 |  |  | 440 |
2025 | 30 |  |  | 392 |
Thereafter | 195 |  |  | 1,889 |
Total lease payments | 622 |  |  | 4,010 |
Less: Imputed interest | (80) |  |  | (520) |
Total lease obligations | 542 |  |  | 3,490 |
Less: Current obligations | (268) |  |  | (552) |
Long-term lease obligations | $ | 274 |  |  | $ | 2,938 |
Finance Leases Maturity Schedule | Maturities of lease liabilities as of September 30, 2021 are as follows (in millions):
| Finance Leases |  | Operating Leases
2021 | $ | 166 |  |  | $ | 127 |
2022 | 138 |  |  | 629 |
2023 | 58 |  |  | 533 |
2024 | 35 |  |  | 440 |
2025 | 30 |  |  | 392 |
Thereafter | 195 |  |  | 1,889 |
Total lease payments | 622 |  |  | 4,010 |
Less: Imputed interest | (80) |  |  | (520) |
Total lease obligations | 542 |  |  | 3,490 |
Less: Current obligations | (268) |  |  | (552) |
Long-term lease obligations | $ | 274 |  |  | $ | 2,938 |

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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=121609121&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=121609121&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=121609121&loc=SL77918701-209980 + Details
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