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LEASES
 12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
LEASES LEASES The Company enters into operating and finance leases for the use of real estate space, vehicles, information technology equipment and certain other equipment. At contract inception, the Company determines a lease exists if the arrangement conveys the right to control an identified asset for a period of time in exchange for consideration. Control is considered to exist when the lessee has the right to obtain substantially all of the economic benefits from the use of an identified asset as well as the right to direct the use of that asset. If a contract is considered to be a lease, the Company recognizes a lease liability based on the present value of the future lease payments with an offsetting entry to recognize a ROU asset.
Operating lease ROU assets and liabilities are reflected on the Consolidated Balance Sheet as follows:

(In millions)20212020
Operating lease right-of-use assets$640 $788 
Accrued liabilities$(130)$(161)
Operating lease liabilities(527)(642)
Total operating lease liabilities$(657)$(803)
Weighted-Average Remaining Lease Term (in years)7.87.7
Weighted-Average Discount Rate3.0 %3.4 %

The operating lease ROU assets include any lease payments related to initial direct costs and prepayments and excludes lease incentives. The Company's leases generally have remaining lease terms of 1 to 23 years, some of which include options to extend. For the majority of its leases with options to extend, those options are up to 5 years with the ability to terminate the lease within 1 to 5 years of inception. The exercise of lease renewal options is at the Company's sole discretion and its lease ROU assets and liabilities reflect only the options the Company is reasonably certain that it will exercise.

Supplemental cash flow and lease expense information related to operating leases were as follows:

(In millions)202120202019
Operating cash flows for measurement of operating lease liabilities$197 $213 $201 
Operating lease ROU assets obtained in exchange for operating lease obligations$180 $169 $136 
Operating lease expense$200 $197 $206 

Operating lease expense is recognized on a straight-line basis over the lease term. Where applicable, the Company accounts for each separate lease component of a contract and its associated non-lease component as a single lease component.

Undiscounted maturities of operating lease liabilities, including options to extend lease terms that are reasonably certain of being exercised, as of December 31, 2021 are as follows:

(In millions)
2022$141 
2023123 
2024106 
202587 
202667 
Thereafter218 
Total undiscounted lease payments742 
Less: imputed interest(85)
Total discounted lease payments$657 
LEASES LEASES The Company enters into operating and finance leases for the use of real estate space, vehicles, information technology equipment and certain other equipment. At contract inception, the Company determines a lease exists if the arrangement conveys the right to control an identified asset for a period of time in exchange for consideration. Control is considered to exist when the lessee has the right to obtain substantially all of the economic benefits from the use of an identified asset as well as the right to direct the use of that asset. If a contract is considered to be a lease, the Company recognizes a lease liability based on the present value of the future lease payments with an offsetting entry to recognize a ROU asset.
Operating lease ROU assets and liabilities are reflected on the Consolidated Balance Sheet as follows:

(In millions)20212020
Operating lease right-of-use assets$640 $788 
Accrued liabilities$(130)$(161)
Operating lease liabilities(527)(642)
Total operating lease liabilities$(657)$(803)
Weighted-Average Remaining Lease Term (in years)7.87.7
Weighted-Average Discount Rate3.0 %3.4 %

The operating lease ROU assets include any lease payments related to initial direct costs and prepayments and excludes lease incentives. The Company's leases generally have remaining lease terms of 1 to 23 years, some of which include options to extend. For the majority of its leases with options to extend, those options are up to 5 years with the ability to terminate the lease within 1 to 5 years of inception. The exercise of lease renewal options is at the Company's sole discretion and its lease ROU assets and liabilities reflect only the options the Company is reasonably certain that it will exercise.

Supplemental cash flow and lease expense information related to operating leases were as follows:

(In millions)202120202019
Operating cash flows for measurement of operating lease liabilities$197 $213 $201 
Operating lease ROU assets obtained in exchange for operating lease obligations$180 $169 $136 
Operating lease expense$200 $197 $206 

Operating lease expense is recognized on a straight-line basis over the lease term. Where applicable, the Company accounts for each separate lease component of a contract and its associated non-lease component as a single lease component.

Undiscounted maturities of operating lease liabilities, including options to extend lease terms that are reasonably certain of being exercised, as of December 31, 2021 are as follows:

(In millions)
2022$141 
2023123 
2024106 
202587 
202667 
Thereafter218 
Total undiscounted lease payments742 
Less: imputed interest(85)
Total discounted lease payments$657