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LEASES (Tables)

3 Months Ended

Mar. 31, 2022

Leases [Abstract]

Lease Cost

The components of lease expense for the three months ended March 31, 2022 and 2021 were as follows (in millions):

															2022						2021
Operating lease costs															$	183					$	175
Finance lease costs:
Amortization of assets															28						23
Interest on lease liabilities															4						4
Total finance lease costs															32						27
Variable lease costs															68						65
Short-term lease costs															302						279
Total lease costs															$	585					$	546

Supplemental cash flow information related to leases is as follows (in millions):

			Three Months Ended March 31,
			2022						2021
Cash paid for amounts included in measurement of obligations:
Operating cash flows from operating leases			$	176					$	171
Operating cash flows from finance leases			1						1
Financing cash flows from finance leases			18						13
Right-of-use assets obtained in exchange for lease obligations:
Operating leases			$	119					$	174
Finance leases			59						23

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, 2022						December 31, 2021
Operating Leases:
Operating lease right-of-use assets			$	3,481					$	3,562
Current maturities of operating leases			$	579					$	580
Non-current operating leases			2,970						3,033
Total operating lease obligations			$	3,549					$	3,613
Finance Leases:
Property, plant and equipment, net			$	1,134					$	1,225
Current maturities of long-term debt, commercial paper and finance leases			$	140					$	129
Long-term debt and finance leases			308						279
Total finance lease obligations			$	448					$	408
Weighted average remaining lease term (in years):
Operating leases			11.5						11.7
Finance leases			7.6						8.0
Weighted average discount rate:
Operating leases			1.95		%				1.94		%
Finance leases			2.71		%				2.79		%

Operating Leases Maturity Schedule

Maturities of lease obligations as of March 31, 2022 are as follows (in millions):

			Finance Leases						Operating Leases
2022			$	137					$	478
2023			76						595
2024			52						497
2025			39						441
2026			33						395
Thereafter			197						1,663
Total lease payments			534						4,069
Less: Imputed interest			(86)						(520)
Total lease obligations			448						3,549
Less: Current obligations			(140)						(579)
Long-term lease obligations			$	308					$	2,970

Finance Leases Maturity Schedule

Maturities of lease obligations as of March 31, 2022 are as follows (in millions):

			Finance Leases						Operating Leases
2022			$	137					$	478
2023			76						595
2024			52						497
2025			39						441
2026			33						395
Thereafter			197						1,663
Total lease payments			534						4,069
Less: Imputed interest			(86)						(520)
Total lease obligations			448						3,549
Less: Current obligations			(140)						(579)
Long-term lease obligations			$	308					$	2,970

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Assets And Liabilities, Lessee [Table Text Block]

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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=123408670&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=123408670&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=123408670&loc=SL77918701-209980

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