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LEASE OBLIGATIONS (Tables) | 12 Months Ended
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Dec. 31, 2022
Leases [Abstract] |
Summary of Lease Costs | Lease costs are presented below:
| Year Ended December 31,
(In millions) | 2022 |  | 2021
Operating leases | $ | 64 |  |  | $ | 70 |
Finance leases: |  |  |
Amortization of right-of-use assets | 103 |  |  | 94 |
Interest on lease liabilities | 8 |  |  | 9 |
Short-term leases | 160 |  |  | 66 |
Total | $ | 335 |  |  | $ | 239 |
Other information related to leases was as follows:
| Year Ended December 31,
(In millions) | 2022 |  | 2021
Cash paid for amounts included in measurement of lease liabilities: |  |  |
Operating leases within cash flows from operating activities | $ | 62 |  | $ | 70
Finance leases within cash flows from operating activities | $ | 8 |  | $ | 9
Finance leases within cash flows from financing activities | $ | 96 |  | $ | 94
Right-of-use assets obtained in exchange for new finance lease liabilities 1 | $ | 55 |  | $ | 50
Weighted-average remaining lease term - operating leases (in years) | 9 |  | 8
Weighted-average remaining lease term - finance leases (in years) | 5 |  | 5
Weighted-average discount rate - operating leases | 8 | % |  | 7 | %
Weighted-average discount rate - finance leases | 5 | % |  | 4 | %
1 Right-of-use assets obtained in acquisitions are not included in this figure.
Summary of Future Minimum Lease Payments under Noncellable Finance and Operating Leases | Future minimum lease payments under noncancellable finance and operating leases as of December 31, 2022 were as follows:
(In millions) | Finance Leases |  | Operating Leases
2023 | $ | 101 |  |  | $ | 56 |
2024 | 36 |  |  | 48 |
2025 | 32 |  |  | 40 |
2026 | 24 |  |  | 35 |
2027 | 13 |  |  | 30 |
Thereafter | 63 |  |  | 123 |
Total future minimum lease payments | 269 |  |  | 332 |
Less: imputed interest | 54 |  |  | 94 |
Total lease payments | 215 |  |  | 238 |
Less: current portion of lease liabilities | 93 |  |  | 43 |
Long-term lease liabilities | $ | 122 |  |  | $ | 195 |

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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 https://asc.fasb.org/extlink&oid=128292326&loc=SL77918686-209980 + Details
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- References No definition available. + Details
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