Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.22.2.2
LEASES (Tables)
 9 Months Ended
Sep. 30, 2022
Leases [Abstract]  
Lease Cost The components of lease expense for the three and nine months ended September 30, 2022 and 2021 are as follows (in millions):
Three Months Ended
 September 30,		 Nine Months Ended
 September 30,
2022 2021 2022 2021
Operating lease costs $ 179  $ 183  $ 546  $ 537 
Finance lease costs:
Amortization of assets 28  24  84  70 
Interest on lease liabilities 3  4  10  11 
Total finance lease costs 31  28  94  81 
Variable lease costs 62  51  194  178 
Short-term lease costs 319  305  944  835 
Total lease costs $ 591  $ 567  $ 1,778  $ 1,631 
Supplemental cash flow information related to leases is as follows (in millions):
Nine Months Ended
 September 30,
2022 2021
Cash paid for amounts included in measurement of obligations:
Operating cash flows from operating leases $ 523  $ 538 
Operating cash flows from finance leases 3  8 
Financing cash flows from finance leases 123  48 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases $ 588  $ 953 
Finance leases 98  252 
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):
September 30,
2022		 December 31,
2021
Operating Leases:
Operating lease right-of-use assets $ 3,417  $ 3,562 
Current maturities of operating leases $ 560  $ 580 
Non-current operating leases 2,960  3,033 
Total operating lease obligations $ 3,520  $ 3,613 
Finance Leases:
Property, plant and equipment, net $ 947  $ 1,125 
Current maturities of long-term debt, commercial paper and finance leases $ 79  $ 129 
Long-term debt and finance leases 300  279 
Total finance lease obligations $ 379  $ 408 
Weighted average remaining lease term (in years):
Operating leases 11.0 11.7
Finance leases 8.8 8.0
Weighted average discount rate:
Operating leases 2.21  % 1.94  %
Finance leases 3.03  % 2.79  %
Operating Leases Maturity Schedule Maturities of lease obligations as of September 30, 2022 are as follows (in millions):
Finance Leases Operating Leases
2022 $ 31  $ 136 
2023 83  644 
2024 56  544 
2025 42  484 
2026 35  437 
Thereafter 212  1,800 
Total lease payments 459  4,045 
Less: Imputed interest (80) (525)
Total lease obligations 379  3,520 
Less: Current obligations (79) (560)
Long-term lease obligations $ 300  $ 2,960 
Finance Leases Maturity Schedule Maturities of lease obligations as of September 30, 2022 are as follows (in millions):
Finance Leases Operating Leases
2022 $ 31  $ 136 
2023 83  644 
2024 56  544 
2025 42  484 
2026 35  437 
Thereafter 212  1,800 
Total lease payments 459  4,045 
Less: Imputed interest (80) (525)
Total lease obligations 379  3,520 
Less: Current obligations (79) (560)
Long-term lease obligations $ 300  $ 2,960