XML 46 R35.htm IDEA: XBRL DOCUMENT v3.23.3
LEASES (Tables)
 9 Months Ended
Sep. 30, 2023
Leases [Abstract]  
Lease Cost The components of lease expense for the three and nine months ended September 30, 2023 and 2022 were as follows (in millions):
Three Months Ended
 September 30,		Nine Months Ended
 September 30,
2023202220232022
Operating lease costs$219 $179 $645 $546 
Finance lease costs:
Amortization of assets31 28 88 84 
Interest on lease liabilities4 3 13 10 
Total finance lease costs35 31 101 94 
Variable lease costs63 62 203 194 
Short-term lease costs243 319 746 944 
Total lease costs(1)
$560 $591 $1,695 $1,778 
(1) This table excludes sublease income as it was not material for the three and nine months ended September 30, 2023 or 2022.
Supplemental cash flow information related to leases is as follows (in millions):
Nine Months Ended
 September 30,
20232022
Cash paid for amounts included in measurement of obligations:
Operating cash flows from operating leases$627 $523 
Operating cash flows from finance leases10 3 
Financing cash flows from finance leases101 123 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$1,013 $588 
Finance leases$136 $98 
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):
September 30,
2023		December 31,
2022
Operating Leases:
Operating lease right-of-use assets$4,162 $3,755 
Current maturities of operating leases$664 $621 
Non-current operating leases3,651 3,238 
Total operating lease obligations$4,315 $3,859 
Finance Leases:
Property, plant and equipment, net$810 $959 
Current maturities of long-term debt, commercial paper and finance leases$86 $92 
Long-term debt and finance leases339 298 
Total finance lease obligations$425 $390 
Weighted average remaining lease term (in years):
Operating leases11.010.8
Finance leases8.18.4
Weighted average discount rate:
Operating leases3.04 %2.32 %
Finance leases3.72 %3.17 %
Operating Leases Maturity Schedule Maturities of lease obligations as of September 30, 2023 were as follows (in millions):
Finance LeasesOperating Leases
2023$32 $180 
202497 789 
202574 713 
202651 612 
202744 532 
Thereafter212 2,323 
Total lease payments510 5,149 
Less: Imputed interest(85)(834)
Total lease obligations425 4,315 
Less: Current obligations(86)(664)
Long-term lease obligations$339 $3,651 
Finance Leases Maturity Schedule Maturities of lease obligations as of September 30, 2023 were as follows (in millions):
Finance LeasesOperating Leases
2023$32 $180 
202497 789 
202574 713 
202651 612 
202744 532 
Thereafter212 2,323 
Total lease payments510 5,149 
Less: Imputed interest(85)(834)
Total lease obligations425 4,315 
Less: Current obligations(86)(664)
Long-term lease obligations$339 $3,651