Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

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LEASES (Tables)
 6 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Lease Cost
The components of lease expense for the three and six months ended June 30, 2024 and 2023 were as follows (in millions):
Three Months Ended
 June 30,		 Six Months Ended
 June 30,
2024 2023 2024 2023
Operating lease costs $ 231  $ 219  $ 462  $ 426 
Finance lease costs:
Amortization of assets 31  28  66  57 
Interest on lease liabilities 5  5  10  9 
Total finance lease costs 36  33  76  66 
Variable lease costs 78  68  154  140 
Short-term lease costs 192  226  391  503 
Total lease costs(1)
$ 537  $ 546  $ 1,083  $ 1,135 
(1)    This table excludes sublease income as it was not material for the three and six months ended June 30, 2024 and 2023.
Supplemental cash flow information related to leases is as follows (in millions):
Six Months Ended
 June 30,
2024 2023
Cash paid for amounts included in measurement of obligations:
Operating cash flows from operating leases $ 448  $ 419 
Operating cash flows from finance leases 10  8 
Financing cash flows from finance leases 58  79 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases $ 232  $ 826 
Finance leases $ 23  $ 106 
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,
2024		 December 31,
2023
Operating Leases:
Operating lease right-of-use assets $ 4,088  $ 4,308 
Current maturities of operating leases $ 683  $ 709 
Non-current operating leases 3,561  3,756 
Total operating lease obligations $ 4,244  $ 4,465 
Finance Leases:
Property, plant and equipment, net $ 667  $ 856 
Current maturities of long-term debt, commercial paper and finance leases $ 106  $ 104 
Long-term debt and finance leases 331  368 
Total finance lease obligations $ 437  $ 472 
Weighted average remaining lease term (in years):
Operating leases 10.7 10.8
Finance leases 7.2 7.4
Weighted average discount rate:
Operating leases 3.35  % 3.20  %
Finance leases 3.99  % 3.88  %
Operating Leases Maturity Schedule
Maturities of lease obligations as of June 30, 2024 were as follows (in millions):
Finance Leases Operating Leases
2024 $ 64  $ 396 
2025 105  828 
2026 79  721 
2027 49  619 
2028 42  468 
Thereafter 173  2,067 
Total lease payments 512  5,099 
Less: Imputed interest (75) (855)
Total lease obligations 437  4,244 
Less: Current obligations (106) (683)
Long-term lease obligations $ 331  $ 3,561 
Finance Leases Maturity Schedule
Maturities of lease obligations as of June 30, 2024 were as follows (in millions):
Finance Leases Operating Leases
2024 $ 64  $ 396 
2025 105  828 
2026 79  721 
2027 49  619 
2028 42  468 
Thereafter 173  2,067 
Total lease payments 512  5,099 
Less: Imputed interest (75) (855)
Total lease obligations 437  4,244 
Less: Current obligations (106) (683)
Long-term lease obligations $ 331  $ 3,561