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LEASES (Tables)
 12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Schedule of Assets and Liabilities
Information related to operating leases is as follows (in millions of dollars):
As of December 31,
20212020
ROU Assets
Operating lease right-of-use$393 $210 
Operating lease liabilities
Operating lease liability66 57 
Long-term operating lease liability334 162 
Total operating lease liabilities$400 $219 
Schedule of Operating Lease Information
As of December 31,
20212020
Weighted average remaining lease term7 years5 years
Weighted average incremental borrowing rate0.81 %1.95 %
Cash paid for operating leases$68 $69 
ROU assets obtained in exchange for operating lease obligations$244 $74 
Schedule of Maturities of Operating Lease Liabilities
Remaining maturity of existing lease liabilities as of December 31, 2021 are as follows (in millions of dollars):
YearOperating Leases
2022$72 
202369 
202453 
202544 
202637 
Thereafter140 
Total lease payments
415 
Less interest
(15)
Present value of lease liabilities
$400