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LEASES (Tables)
6 Months Ended
Jun. 30, 2023
Leases [Abstract]  
Lease Cost The components of lease expense for the three and six months ended June 30, 2023 and 2022 were as follows (in millions):
Three Months Ended
 June 30,
Six Months Ended
 June 30,
2023202220232022
Operating lease costs$219 $184 $426 $367 
Finance lease costs:
Amortization of assets28 28 57 56 
Interest on lease liabilities
Total finance lease costs33 31 66 63 
Variable lease costs68 64 140 132 
Short-term lease costs226 323 503 625 
Total lease costs(1)
$546 $602 $1,135 $1,187 
(1) This table excludes sublease income as it was not material to the three and six months ended June 30, 2023 or 2022.
Supplemental cash flow information related to leases is as follows (in millions):
Six Months Ended
 June 30,
20232022
Cash paid for amounts included in measurement of obligations:
Operating cash flows from operating leases$419 $354 
Operating cash flows from finance leases
Financing cash flows from finance leases79 105 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$826 $345 
Finance leases$106 $72 
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):
June 30,
2023
December 31,
2022
Operating Leases:
Operating lease right-of-use assets$4,219 $3,755 
Current maturities of operating leases$673 $621 
Non-current operating leases3,680 3,238 
Total operating lease obligations$4,353 $3,859 
Finance Leases:
Property, plant and equipment, net$843 $959 
Current maturities of long-term debt, commercial paper and finance leases$84 $92 
Long-term debt and finance leases332 298 
Total finance lease obligations$416 $390 
Weighted average remaining lease term (in years):
Operating leases11.210.8
Finance leases8.48.4
Weighted average discount rate:
Operating leases2.91 %2.32 %
Finance leases3.59 %3.17 %
Operating Leases Maturity Schedule Maturities of lease obligations as of June 30, 2023 were as follows (in millions):
Finance LeasesOperating Leases
2023$54 $382 
202490 763 
202566 688 
202644 586 
202740 504 
Thereafter207 2,249 
Total lease payments501 5,172 
Less: Imputed interest(85)(819)
Total lease obligations416 4,353 
Less: Current obligations(84)(673)
Long-term lease obligations$332 $3,680 
Finance Leases Maturity Schedule Maturities of lease obligations as of June 30, 2023 were as follows (in millions):
Finance LeasesOperating Leases
2023$54 $382 
202490 763 
202566 688 
202644 586 
202740 504 
Thereafter207 2,249 
Total lease payments501 5,172 
Less: Imputed interest(85)(819)
Total lease obligations416 4,353 
Less: Current obligations(84)(673)
Long-term lease obligations$332 $3,680