Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.22.2
LEASES (Tables)
 6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Lease Cost The components of lease expense for the three and six months ended June 30, 2022 and 2021 are as follows (in millions):
Three Months Ended June 30, Six Months Ended June 30,
2022 2021 2022 2021
Operating lease costs $ 184  $ 179  $ 367  $ 354 
Finance lease costs:
Amortization of assets 28  23  56  46 
Interest on lease liabilities 3  3  7  7 
Total finance lease costs 31  26  63  53 
Variable lease costs 64  62  132  127 
Short-term lease costs 323  251  625  530 
Total lease costs $ 602  $ 518  $ 1,187  $ 1,064 
Supplemental cash flow information related to leases is as follows (in millions):
Six Months Ended June 30,
2022 2021
Cash paid for amounts included in measurement of obligations:
Operating cash flows from operating leases $ 354  $ 364 
Operating cash flows from finance leases 2  7 
Financing cash flows from finance leases 105  33 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases $ 345  $ 854 
Finance leases 72  113 
Supplemental Balance Sheet Supplemental information related to leases and location within our consolidated balance sheets is as follows (in millions, except lease term and discount rate):
June 30,
2022		 December 31,
2021
Operating Leases:
Operating lease right-of-use assets $ 3,436  $ 3,562 
Current maturities of operating leases $ 562  $ 580 
Non-current operating leases 2,962  3,033 
Total operating lease obligations $ 3,524  $ 3,613 
Finance Leases:
Property, plant and equipment, net $ 1,008  $ 1,225 
Current maturities of long-term debt, commercial paper and finance leases $ 79  $ 129 
Long-term debt and finance leases 293  279 
Total finance lease obligations $ 372  $ 408 
Weighted average remaining lease term (in years):
Operating leases 11.3 11.7
Finance leases 8.6 8.0
Weighted average discount rate:
Operating leases 2.06  % 1.94  %
Finance leases 3.06  % 2.79  %
Operating Leases Maturity Schedule Maturities of lease obligations as of June 30, 2022 are as follows (in millions):
Finance Leases Operating Leases
2022 $ 49  $ 304 
2023 80  620 
2024 54  521 
2025 40  461 
2026 33  415 
Thereafter 196  1,748 
Total lease payments 452  4,069 
Less: Imputed interest (80) (545)
Total lease obligations 372  3,524 
Less: Current obligations (79) (562)
Long-term lease obligations $ 293  $ 2,962 
Finance Leases Maturity Schedule Maturities of lease obligations as of June 30, 2022 are as follows (in millions):
Finance Leases Operating Leases
2022 $ 49  $ 304 
2023 80  620 
2024 54  521 
2025 40  461 
2026 33  415 
Thereafter 196  1,748 
Total lease payments 452  4,069 
Less: Imputed interest (80) (545)
Total lease obligations 372  3,524 
Less: Current obligations (79) (562)
Long-term lease obligations $ 293  $ 2,962