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Leases | 12 Months Ended
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Dec. 31, 2022
Leases [Abstract] |
Leases | Leases Lease expense for the year ended December 31, 2022, 2021 and 2020 was comprised of the following:
|  | Year Ended December 31,
|  | 2022 |  | 2021 |  | 2020
Operating lease expense |  | $ | 39 |  |  | $ | 47 |  |  | $ | 48 |
Finance lease expense: |  |  |  |  |  |
Amortization of right-of-use assets |  | 4 |  |  | 1 |  |  | $ | 1 |
Interest on lease liabilities |  | 4 |  |  | 2 |  |  | $ | 2 |
Short term lease expense |  | 35 |  |  | 30 |  |  | $ | 26 |
Variable lease expense |  | 14 |  |  | 23 |  |  | $ | 22 |
Total lease expense |  | $ | 96 |  |  | $ | 103 |  |  | $ | 99 |
The table below summarizes lease expense for the year ended December 31, 2022, 2021 and 2020 recorded in the specific line items in our Consolidated Statements of Income:
|  | Year Ended December 31,
|  | 2022 |  | 2021 |  | 2020
Cost of goods sold |  | $ | 92 |  |  | $ | 98 |  |  | $ | 91 |
Selling, general and administrative expenses |  | 4 |  |  | 5 |  |  | 8 |
Total |  | $ | 96 |  |  | $ | 103 |  |  | $ | 99 |
The weighted-average remaining lease term in years and weighted-average discount rates at December 31, 2022 and 2021 were as follows:
|  | December 31, 2022 |  | December 31, 2021
Weighted-average remaining lease term: |  |  |  |
Operating leases |  | 11.6 |  | 8.7
Finance leases |  | 8.8 |  | 8.8
Weighted-average discount rate: |  |  |  |
Operating leases |  | 10.8 | % |  | 7.4 | %
Finance leases |  | 12.2 | % |  | 14.1 | %
The maturity analysis for operating leases and finance leases at December 31, 2022 were as follows:
|  | Operating Leases |  | Finance Leases
2023 |  | 32 |  |  | 10 |
2024 |  | 27 |  |  | 9 |
2025 |  | 19 |  |  | 8 |
2026 |  | 16 |  |  | 8 |
2027 |  | 14 |  |  | 8 |
Thereafter |  | 126 |  |  | 33 |
Total lease payments |  | 234 |  |  | 76 |
Less: imputed interest |  | (103) |  |  | (29) |
Present value of lease payments |  | $ | 131 |  |  | $ | 47 |
Additional information relating to cash flows and ROU assets for the year ended December 31, 2022, 2021 and 2020 is as follows:
|  | December 31, 2022 |  | December 31, 2021 |  | December 31, 2020
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |
Operating cash flows used for operating leases |  | $ | 39 |  |  | $ | 51 |  |  | $ | 55 |
Operating cash flows used for finance leases |  | $ | 4 |  |  | $ | 2 |  |  | $ | 2 |
Financing cash flows used for finance leases |  | $ | 3 |  |  | $ | 1 |  |  | $ | 1 |
Additional information relating to ROU assets for the year ended December 31, 2022 and 2021 is as follows:
|  | Year Ended December 31,
|  | 2022 |  | 2021
ROU assets obtained in exchange for lease obligations: |  |  |  |
Operating leases obtained in the normal course of business |  | $ | 83 |  |  | $ | 49 |
Finance leases obtained in the normal course of business |  | $ | 37 |  |  | $ | 2 |
Leases | Leases Lease expense for the year ended December 31, 2022, 2021 and 2020 was comprised of the following:
|  | Year Ended December 31,
|  | 2022 |  | 2021 |  | 2020
Operating lease expense |  | $ | 39 |  |  | $ | 47 |  |  | $ | 48 |
Finance lease expense: |  |  |  |  |  |
Amortization of right-of-use assets |  | 4 |  |  | 1 |  |  | $ | 1 |
Interest on lease liabilities |  | 4 |  |  | 2 |  |  | $ | 2 |
Short term lease expense |  | 35 |  |  | 30 |  |  | $ | 26 |
Variable lease expense |  | 14 |  |  | 23 |  |  | $ | 22 |
Total lease expense |  | $ | 96 |  |  | $ | 103 |  |  | $ | 99 |
The table below summarizes lease expense for the year ended December 31, 2022, 2021 and 2020 recorded in the specific line items in our Consolidated Statements of Income:
|  | Year Ended December 31,
|  | 2022 |  | 2021 |  | 2020
Cost of goods sold |  | $ | 92 |  |  | $ | 98 |  |  | $ | 91 |
Selling, general and administrative expenses |  | 4 |  |  | 5 |  |  | 8 |
Total |  | $ | 96 |  |  | $ | 103 |  |  | $ | 99 |
The weighted-average remaining lease term in years and weighted-average discount rates at December 31, 2022 and 2021 were as follows:
|  | December 31, 2022 |  | December 31, 2021
Weighted-average remaining lease term: |  |  |  |
Operating leases |  | 11.6 |  | 8.7
Finance leases |  | 8.8 |  | 8.8
Weighted-average discount rate: |  |  |  |
Operating leases |  | 10.8 | % |  | 7.4 | %
Finance leases |  | 12.2 | % |  | 14.1 | %
The maturity analysis for operating leases and finance leases at December 31, 2022 were as follows:
|  | Operating Leases |  | Finance Leases
2023 |  | 32 |  |  | 10 |
2024 |  | 27 |  |  | 9 |
2025 |  | 19 |  |  | 8 |
2026 |  | 16 |  |  | 8 |
2027 |  | 14 |  |  | 8 |
Thereafter |  | 126 |  |  | 33 |
Total lease payments |  | 234 |  |  | 76 |
Less: imputed interest |  | (103) |  |  | (29) |
Present value of lease payments |  | $ | 131 |  |  | $ | 47 |
Additional information relating to cash flows and ROU assets for the year ended December 31, 2022, 2021 and 2020 is as follows:
|  | December 31, 2022 |  | December 31, 2021 |  | December 31, 2020
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |
Operating cash flows used for operating leases |  | $ | 39 |  |  | $ | 51 |  |  | $ | 55 |
Operating cash flows used for finance leases |  | $ | 4 |  |  | $ | 2 |  |  | $ | 2 |
Financing cash flows used for finance leases |  | $ | 3 |  |  | $ | 1 |  |  | $ | 1 |
Additional information relating to ROU assets for the year ended December 31, 2022 and 2021 is as follows:
|  | Year Ended December 31,
|  | 2022 |  | 2021
ROU assets obtained in exchange for lease obligations: |  |  |  |
Operating leases obtained in the normal course of business |  | $ | 83 |  |  | $ | 49 |
Finance leases obtained in the normal course of business |  | $ | 37 |  |  | $ | 2 |

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