Annual report pursuant to Section 13 and 15(d)

LEASES (Tables)

v3.22.0.1
LEASES (Tables)
 12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Lease, Cost [Table Text Block] The components of lease expense for the years ended December 31, 2021, 2020 and 2019 were as follows (in millions):
2021 2020 2019
Operating lease costs $ 729  $ 711  $ 643 
Finance lease costs:
Amortization of assets $ 97  $ 79  $ 73 
Interest on lease liabilities 14  18  19 
Total finance lease costs 111  97  92 
Variable lease costs 246  247  206 
Short-term lease costs 1,510  1,299  1,122 
Total lease costs $ 2,596  $ 2,354  $ 2,063 
Supplemental cash flow information related to leases for the years ended December 31, 2021 and 2020 is as follows (in millions):
2021 2020
Cash paid for amounts included in measurement of obligations:
Operating cash flows from operating leases $ 731  $ 686 
Operating cash flows from finance leases 4  18 
Financing cash flows from finance leases 208  192 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases $ 1,247  $ 787 
Finance leases $ 280  $ 66 
Supplemental Balance Sheet Supplemental information related to leases and location within our consolidated balance sheets as of December 31, 2021 and 2020 are as follows (in millions, except lease term and discount rate):
2021 2020
Operating Leases:
Operating lease right-of-use assets $ 3,562  $ 3,073 
Current maturities of operating leases $ 580  $ 560 
Non-current operating leases 3,033  2,540 
Total operating lease obligations $ 3,613  $ 3,100 
Finance Leases:
Property, plant and equipment, net $ 1,125  $ 1,225 
Current maturities of long-term debt, commercial paper and finance leases $ 129  $ 56 
Long-term debt and finance leases 279  286 
Total finance lease obligations $ 408  $ 342 
Weighted average remaining lease term (in years):
Operating leases 11.7 11.2
Finance leases 8.0 9.3
Weighted average discount rate:
Operating leases 1.94  % 2.28  %
Finance leases 2.79  % 4.14  %
Operating Leases Maturity Schedule Maturities of lease obligations as of December 31, 2021 are as follows (in millions):
Finance Leases Operating Leases
2022 $ 142  $ 644 
2023 61  574 
2024 37  477 
2025 32  424 
2026 29  379 
Thereafter 190  1,622 
Total lease payments 491  4,120 
Less: Imputed interest (83) (507)
Total lease obligations 408  3,613 
Less: Current obligations (129) (580)
Long-term lease obligations $ 279  $ 3,033 
Finance Leases Maturity Schedule Maturities of lease obligations as of December 31, 2021 are as follows (in millions):
Finance Leases Operating Leases
2022 $ 142  $ 644 
2023 61  574 
2024 37  477 
2025 32  424 
2026 29  379 
Thereafter 190  1,622 
Total lease payments 491  4,120 
Less: Imputed interest (83) (507)
Total lease obligations 408  3,613 
Less: Current obligations (129) (580)
Long-term lease obligations $ 279  $ 3,033