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LEASES (Tables)

9 Months Ended

Sep. 30, 2024

Leases [Abstract]

Lease Cost

The components of lease expense for the three and nine months ended September 30, 2024 and 2023 were as follows (in millions):

			Three Months Ended  September 30,												Nine Months Ended  September 30,
			2024						2023						2024						2023
Operating lease costs			$	220					$	219					$	682					$	645
Finance lease costs:
Amortization of assets			38						31						104						88
Interest on lease liabilities			6						4						16						13
Total finance lease costs			44						35						120						101
Variable lease costs			81						63						235						203
Short-term lease costs			221						243						612						746
Total lease costs(1)			$	566					$	560					$	1,649					$	1,695

(1)    This table excludes sublease income as it was not material for the three and nine months ended September 30, 2024 and 2023.

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

			Nine Months Ended  September 30,
			2024						2023
Cash paid for amounts included in measurement of obligations:
Operating cash flows from operating leases			$	657					$	627
Operating cash flows from finance leases			13						10
Financing cash flows from finance leases			93						101
Right-of-use assets obtained in exchange for lease obligations:
Operating leases			$	403					$	1,013
Finance leases			$	58					$	136

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, 2024						December 31, 2023
Operating Leases:
Operating lease right-of-use assets			$	4,129					$	4,308
Current maturities of operating leases			$	699					$	709
Non-current operating leases			3,613						3,756
Total operating lease obligations			$	4,312					$	4,465
Finance Leases:
Property, plant and equipment, net			$	640					$	856
Current maturities of long-term debt, commercial paper and finance leases			$	103					$	104
Long-term debt and finance leases			336						368
Total finance lease obligations			$	439					$	472
Weighted average remaining lease term (in years):
Operating leases			10.8						10.8
Finance leases			7.2						7.4
Weighted average discount rate:
Operating leases			3.42		%				3.20		%
Finance leases			3.99		%				3.88		%

Operating Leases Maturity Schedule

Maturities of lease obligations as of September 30, 2024 were as follows (in millions):

			Finance Leases						Operating Leases
2024			$	38					$	180
2025			111						858
2026			85						751
2027			54						646
2028			46						486
Thereafter			180						2,271
Total lease payments			514						5,192
Less: Imputed interest			(75)						(880)
Total lease obligations			439						4,312
Less: Current obligations			(103)						(699)
Long-term lease obligations			$	336					$	3,613

Finance Leases Maturity Schedule

Maturities of lease obligations as of September 30, 2024 were as follows (in millions):

			Finance Leases						Operating Leases
2024			$	38					$	180
2025			111						858
2026			85						751
2027			54						646
2028			46						486
Thereafter			180						2,271
Total lease payments			514						5,192
Less: Imputed interest			(75)						(880)
Total lease obligations			439						4,312
Less: Current obligations			(103)						(699)
Long-term lease obligations			$	336					$	3,613

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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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