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LEASES (Tables)

9 Months Ended

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

Assets And Liabilities, Lessee [Table Text Block]

+ References

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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

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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

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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

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