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LEASE OBLIGATIONS (Tables) | 12 Months Ended
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Dec. 31, 2020
Leases [Abstract] |
Lease, Cost | Lease costs are presented below:
| (In Millions)
| Year Ended December 31,
| 2020 |  | 2019
Operating leases | $ | 43 |  |  | $ | 4 |
Finance leases: |  |  |
Amortization of lease cost | 15 |  |  | 6 |
Interest on lease liabilities | 4 |  |  | 2 |
Short-term leases | 13 |  |  | 6 |
Total | $ | 75 |  |  | $ | 18 |
Other information related to leases was as follows:
| (In Millions)
| Year Ended December 31,
| 2020 |  | 2019
Cash paid for amounts included in measurement of lease liabilities: |  |  |
Operating leases within cash flows from operating activities | $ | 43 |  |  | $ | 4 |
Finance leases within cash flows from operating activities | $ | 4 |  |  | $ | 2 |
Finance leases within cash flows from financing activities | $ | 15 |  |  | $ | 6 |
Right-of-use assets obtained in exchange for new finance lease liabilities 1 | $ | 44 |  |  | $ | 29 |
Weighted-average remaining lease term - operating leases (in years) | 8 |  | 10
Weighted-average remaining lease term - finance leases (in years) | 5 |  | 6
Weighted-average discount rate - operating leases | 8 | % |  | 8 | %
Weighted-average discount rate - finance leases | 4 | % |  | 5 | %
1 Right-of-use assets obtained in the Acquisitions are not included in this figure.
Lessee, Operating and Finance Lease, Liability, Maturity | Future minimum lease payments under noncancellable finance and operating leases as of December 31, 2020 were as follows:
| (In Millions)
| Finance Leases |  | Operating Leases
2021 | $ | 100 |  |  | $ | 70 |
2022 | 95 |  |  | 53 |
2023 | 78 |  |  | 46 |
2024 | 23 |  |  | 38 |
2025 | 22 |  |  | 34 |
Thereafter | 76 |  |  | 122 |
Total future minimum lease payments | 394 |  |  | 363 |
Less: imputed interest | 59 |  |  | 99 |
Total lease payments | 335 |  |  | 264 |
Less: current portion of lease liabilities | 91 |  |  | 53 |
Long-term lease liabilities | $ | 244 |  |  | $ | 211 |

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- Definition Lessee, Operating and Finance Lease, Liability, Maturity + References No definition available. + 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 http://asc.fasb.org/extlink&oid=121609121&loc=SL77918686-209980 + Details
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- References No definition available. + Details
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