Annual report pursuant to Section 13 and 15(d)

LEASES (Tables)

v3.22.4
LEASES (Tables)
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Lease, Cost [Table Text Block] The components of lease expense for the years ended December 31, 2022, 2021 and 2020 were as follows (in millions):
2022 2021 2020
Operating lease costs $ 736  $ 729  $ 711 
Finance lease costs:
Amortization of assets $ 112  $ 97  $ 79 
Interest on lease liabilities 14  14  18 
Total finance lease costs 126  111  97 
Variable lease costs 270  246  247 
Short-term lease costs 1,499  1,510  1,299 
Total lease costs $ 2,631  $ 2,596  $ 2,354 
Supplemental cash flow information related to leases for the years ended December 31, 2022 and 2021 is as follows (in millions):
2022 2021
Cash paid for amounts included in measurement of obligations:
Operating cash flows from operating leases $ 705  $ 731 
Operating cash flows from finance leases 14  4 
Financing cash flows from finance leases 149  208 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases $ 879  $ 1,247 
Finance leases $ 122  $ 280 
Supplemental Balance Sheet Supplemental information related to leases and location within our consolidated balance sheets as of December 31, 2022 and 2021 are as follows (in millions, except lease term and discount rate):
2022 2021
Operating Leases:
Operating lease right-of-use assets $ 3,755  $ 3,562 
Current maturities of operating leases $ 621  $ 580 
Non-current operating leases 3,238  3,033 
Total operating lease obligations $ 3,859  $ 3,613 
Finance Leases:
Property, plant and equipment, net $ 959  $ 1,125 
Current maturities of long-term debt, commercial paper and finance leases $ 92  $ 129 
Long-term debt and finance leases 298  279 
Total finance lease obligations $ 390  $ 408 
Weighted average remaining lease term (in years):
Operating leases 10.8 11.7
Finance leases 8.4 8.0
Weighted average discount rate:
Operating leases 2.32  % 1.94  %
Finance leases 3.17  % 2.79  %
Operating Leases Maturity Schedule Future payments for lease obligations as of December 31, 2022 are as follows (in millions):
Finance Leases Operating Leases
2023 $ 105  $ 703 
2024 56  631 
2025 42  565 
2026 35  497 
2027 34  429 
Thereafter 193  1,608 
Total lease payments 465  4,433 
Less: Imputed interest (75) (574)
Total lease obligations 390  3,859 
Less: Current obligations (92) (621)
Long-term lease obligations $ 298  $ 3,238 
Finance Leases Maturity Schedule Future payments for lease obligations as of December 31, 2022 are as follows (in millions):
Finance Leases Operating Leases
2023 $ 105  $ 703 
2024 56  631 
2025 42  565 
2026 35  497 
2027 34  429 
Thereafter 193  1,608 
Total lease payments 465  4,433 
Less: Imputed interest (75) (574)
Total lease obligations 390  3,859 
Less: Current obligations (92) (621)
Long-term lease obligations $ 298  $ 3,238