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LEASES (Tables)

3 Months Ended

Mar. 31, 2023

Leases [Abstract]

Lease Cost

The components of lease expense for the three months ended March 31, 2023 and 2022 were as follows (in millions):

															2023						2022
Operating lease costs															$	207					$	183
Finance lease costs:
Amortization of assets															29						28
Interest on lease liabilities															4						4
Total finance lease costs															33						32
Variable lease costs															72						68
Short-term lease costs															277						302
Total lease costs(1)															$	589					$	585
(1) This table excludes sublease income as it was not material to the three months ended March 31, 2023 or 2022.

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

			Three Months Ended  March 31,
			2023						2022
Cash paid for amounts included in measurement of obligations:
Operating cash flows from operating leases			$	212					$	176
Operating cash flows from finance leases			1						1
Financing cash flows from finance leases			48						18
Right-of-use assets obtained in exchange for lease obligations:
Operating leases			$	498					$	119
Finance leases			$	30					$	59

Supplemental Balance Sheet

Supplemental information related to leases and location within our consolidated balance sheets is as follows (in millions, except lease term and discount rate):

			March 31, 2023						December 31, 2022
Operating Leases:
Operating lease right-of-use assets			$	4,089					$	3,755
Current maturities of operating leases			$	668					$	621
Non-current operating leases			3,539						3,238
Total operating lease obligations			$	4,207					$	3,859
Finance Leases:
Property, plant and equipment, net			$	869					$	959
Current maturities of long-term debt, commercial paper and finance leases			$	68					$	92
Long-term debt and finance leases			297						298
Total finance lease obligations			$	365					$	390
Weighted average remaining lease term (in years):
Operating leases			11.2						10.8
Finance leases			8.8						8.4
Weighted average discount rate:
Operating leases			2.73		%				2.32		%
Finance leases			3.28		%				3.17		%

Operating Leases Maturity Schedule

Maturities of lease obligations as of March 31, 2023 were as follows (in millions):

			Finance Leases						Operating Leases
2023			$	73					$	576
2024			62						705
2025			48						632
2026			39						543
2027			38						472
Thereafter			183						2,038
Total lease payments			443						4,966
Less: Imputed interest			(78)						(759)
Total lease obligations			365						4,207
Less: Current obligations			(68)						(668)
Long-term lease obligations			$	297					$	3,539

Finance Leases Maturity Schedule

Maturities of lease obligations as of March 31, 2023 were as follows (in millions):

			Finance Leases						Operating Leases
2023			$	73					$	576
2024			62						705
2025			48						632
2026			39						543
2027			38						472
Thereafter			183						2,038
Total lease payments			443						4,966
Less: Imputed interest			(78)						(759)
Total lease obligations			365						4,207
Less: Current obligations			(68)						(668)
Long-term lease obligations			$	297					$	3,539

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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
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-6

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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
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-4

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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
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-6

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