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Leases | 12 Months Ended
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Dec. 31, 2019
Leases [Abstract] |
Leases |
18. | LEASES
The Company has entered into leases primarily for real estate, manufacturing equipment and vehicles with terms that range from 1 year to 33 years, excluding land use rights which generally extend over 90 years. These leases often include options to extend the term of the lease for up to 12 years or to terminate the lease within 1 year. When it is reasonably certain that the option will be exercised, the impact of the option is included in the lease term for purposes of determining total future lease payments. Costs associated with the Company’s operating lease expense were as follows:
|  | 2019 |
Operating lease expense |  | $ | 316 |
Short-term lease expense |  |  | 25 |
Variable lease expense |  |  | 27 |
Total lease expense |  | $ | 368 |
Supplemental information related to the Company’s operating leases was as follows:
|  | 2019 |
Operating cash flows – cash paid relating to operating leases |  | $ | 344 |
Right-of-use assets obtained in exchange for new operating lease liabilities |  |  | 104 |
Weighted-average remaining lease term – operating leases, in years |  |  | 11 years |
Weighted-average discount rate – operating leases |  |  | 4.8 | %
At December 31, 2019, the Company had commitments under operating leases requiring annual payments as follows:
|  | Total |
2020 |  | $ | 297 |
2021 |  |  | 270 |
2022 |  |  | 247 |
2023 |  |  | 221 |
2024 |  |  | 194 |
2025 and thereafter |  |  | 1,126 |
|  |  | 2,355 |
Less: amount representing interest |  |  | 529 |
Total lease liabilities |  | $ | 1,826 |
Current operating liabilities |  | $ | 225 |
Non-current operating lease liabilities |  |  | 1,601 |
Total lease liabilities |  | $ | 1,826 |
As of December 31, 2019, the Company has additional operating leases, primarily for manufacturing facilities, that have not yet commenced of $22 million. These operating leases will commence during 2020 and have lease terms of 1 to 8 years. The Company’s future minimum lease commitments, as of December 31, 2018, under Accounting Standard Codification Topic 840, the predecessor to Topic 842, were as follows:
|  | Total |
2019 |  | $ | 310 |
2020 |  |  | 283 |
2021 |  |  | 254 |
2022 |  |  | 230 |
2023 |  |  | 199 |
Thereafter |  |  | 714 |
|  | $ | 1,990 |
For the year ended December 31, 2018, operating lease expense was $330 million reflected in Cost of good sold and $31 million in Selling, general and administrative expenses, respectively, in the consolidated statement of income. The Company’s finance leases were not material for any of the periods presented.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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