Leases (Notes)

12 Months Ended

Dec. 31, 2021

Leases

Operating lease expenses were $463 million, $439 million and $428 million for the years ended December 31, 2021, 2020 and 2019, respectively, inclusive of $140 million, $135 million and $130 million for the years ended December 31, 2021, 2020 and 2019, respectively, of both short-term lease costs and variable lease costs that were not included in the measurement of operating lease liabilities.

Cash paid for amounts included in the measurement of operating lease liabilities, recorded as operating cash flows in the statements of cash flows, were $327 million and $300 million for the years ended December 31, 2021 and 2020, respectively.

Operating lease right-of-use assets obtained in exchange for operating lease obligations were $368 million and $378 million for the years ended December 31, 2021 and 2020, respectively.

Supplemental balance sheet information related to leases is as follows.


	December 31,
	2021			2020
Operating lease right-of-use assets:
Included within other noncurrent assets	$	1,306		$	1,214

Operating lease liabilities:
Current portion included within accounts payable and accrued liabilities	$	269		$	235
Long-term portion included within other long-term liabilities	1,182			1,110
	$	1,451		$	1,345

Weighted average remaining lease term for operating leases	5.9 years			6.4 years
Weighted average discount rate for operating leases	3.4		%	3.9		%

Maturities of operating lease liabilities as of December 31, 2021 are as follows.


2022	$	336
2023	329
2024	280
2025	227
2026	157
Thereafter	349
Undiscounted lease cash flow commitments	1,678
Reconciling impact from discounting	(227)
Lease liabilities on consolidated balance sheet as of December 31, 2021	$	1,451

The Company has $64 million and $63 million of finance lease liabilities recognized in the consolidated balance sheets as of December 31, 2021 and 2020, respectively, included within accounts payable and accrued liabilities and other long-term liabilities. The related finance lease right-of-use assets are recorded in property, plant and equipment, net. The Company’s finance leases were not considered material for further supplemental lease disclosures.