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LEASES (Tables) | 12 Months Ended
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Dec. 31, 2022
Leases [Abstract] |
Schedule of Lease-Related Assets and Liabilities | The table below presents the lease-related assets and liabilities recorded on the balance sheet (in millions):
|  | December 31,
Leases | Classification on Balance Sheet | 2022 |  | 2021
Assets |  |  |  |
Operating lease assets | Operating lease right-of-use assets | $ | 204 |  |  | $ | 158 |
Finance lease assets | Other non-current assets | 127 |  |  | 95 |
Total lease assets |  | $ | 331 |  |  | $ | 253 |
Liabilities |  |  |  |
Current |  |  |  |
Operating | Current operating lease liabilities | $ | 52 |  |  | $ | 49 |
Finance | Other current liabilities | 28 |  |  | 25 |
Non-Current |  |  |  |
Operating | Non-current operating lease liabilities | 152 |  |  | 109 |
Finance | Long-term debt, net of current portion | 103 |  |  | 74 |
Total lease liabilities |  | $ | 335 |  |  | $ | 257 |
Lease, Cost | The table below presents lease-related costs (in millions):
| Twelve Months Ended December 31,
| 2022 |  | 2021 |  | 2020
Operating lease cost | $ | 67 |  |  | $ | 69 |  |  | $ | 71 |
Finance lease cost |  |  |  |  |
Amortization | $ | 30 |  |  | $ | 23 |  |  | $ | 16 |
Interest | $ | 4 |  |  | $ | 4 |  |  | $ | 3 |
Short-term lease cost | $ | 12 |  |  | $ | 7 |  |  | $ | 11 |
Variable lease cost | $ | 6 |  |  | $ | 5 |  |  | $ | 5 |
Supplemental Information Related to Leases | The tables below present supplemental information related to leases:
| December 31,
Weighted-average remaining lease term (years) | 2022 |  | 2021 |  | 2020
Operating leases | 4.8 |  | 4.2 |  | 3.8
Finance leases | 9.6 |  | 6.9 |  | 6.8
| December 31,
Weighted-average discount rate | 2022 |  | 2021 |  | 2020
Operating leases | 3.32 | % |  | 3.27 | % |  | 3.29 | %
Finance leases | 3.46 | % |  | 3.67 | % |  | 4.04 | %
Finance Lease, Liability, Maturity | The table below reconciles the undiscounted cash flows for each of the first five years and the total of the remaining years to the finance lease liabilities and operating lease liabilities recorded on the balance sheet as of December 31, 2022 (in millions):
Period | Operating Leases | Finance Leases
2023 | $ | 62 |  | $ | 31 |
2024 | 50 |  | 24 |
2025 | 40 |  | 16 |
2026 | 31 |  | 11 |
2027 | 20 |  | 6 |
2028 and beyond | 24 |  | 69 |
Total minimum lease payments | 227 |  | 157 |
Less: implied interest | 23 |  | 26 |
Present value of future minimum lease payments | 204 |  | 131 |
Less: current lease obligations | 52 |  | 28 |
Long-term lease obligations | $ | 152 |  | $ | 103 |
Lessee, Operating Lease, Liability, Maturity | The table below reconciles the undiscounted cash flows for each of the first five years and the total of the remaining years to the finance lease liabilities and operating lease liabilities recorded on the balance sheet as of December 31, 2022 (in millions):
Period | Operating Leases | Finance Leases
2023 | $ | 62 |  | $ | 31 |
2024 | 50 |  | 24 |
2025 | 40 |  | 16 |
2026 | 31 |  | 11 |
2027 | 20 |  | 6 |
2028 and beyond | 24 |  | 69 |
Total minimum lease payments | 227 |  | 157 |
Less: implied interest | 23 |  | 26 |
Present value of future minimum lease payments | 204 |  | 131 |
Less: current lease obligations | 52 |  | 28 |
Long-term lease obligations | $ | 152 |  | $ | 103 |

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980 + Details
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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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918686-209980 + Details
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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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980 + Details
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