LEASES (Tables)

3 Months Ended

Mar. 31, 2020

Leases [Abstract]

Lease Cost

The components of lease expense for the three months ended March 31, 2020 and 2019 were as follows (in millions):

	Three Months Ended March 31,
	2020		2019
Operating lease costs	$	175	$	157
Finance lease costs:
Amortization of assets	18		19
Interest on lease liabilities	5		5
Total finance lease costs	23		24
Variable lease costs	58		48
Short-term lease costs	203		230
Total lease costs	$	459	$	459

Supplemental cash flow information related to leases is as follows (in millions):

	Three Months Ended March 31,
	2020		2019
Cash paid for amounts included in measurement of liabilities:
Operating cash flows from operating leases	$	175	$	153
Operating cash flows from finance leases	2		2
Financing cash flows from finance leases	6		4
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases	$	305	$	34
Finance leases	10		1

Supplemental Balance Sheet

Supplemental information related to leases and location within our consolidated balance sheets are as follows (in millions, except lease term and discount rate):

	March 31, 2020			December 31, 2019
Operating Leases:
Operating lease right-of-use assets	$	3,041		$	2,856
Current maturities of operating leases	$	526		$	538
Non-current operating leases	2,493			2,391
Total operating lease liabilities	$	3,019		$	2,929
Finance Leases:
Property, plant and equipment, net	$	1,387		$	1,502
Current maturities of long-term debt, commercial paper and finance leases	$	181		$	181
Long-term debt and finance leases	319			317
Total finance lease liabilities	$	500		$	498
Weighted average remaining lease term (in years):
Operating leases	9.6			9.7
Finance leases	8.6			8.9
Weighted average discount rate:
Operating leases	2.81		%	2.78		%
Finance leases	4.05		%	4.03		%

Operating Leases Maturity Schedule

Maturities of lease liabilities as of March 31, 2020 are as follows (in millions):

	Finance Leases		Operating Leases
2020	$	191	$	454
2021	47		576
2022	41		489
2023	39		397
2024	36		289
Thereafter	259		1,413
Total lease payments	613		3,618
Less: Imputed interest	(113)		(599)
Total lease obligations	500		3,019
Less: Current obligations	(181)		(526)
Long-term lease obligations	$	319	$	2,493

Finance Leases Maturity Schedule

Maturities of lease liabilities as of March 31, 2020 are as follows (in millions):

	Finance Leases		Operating Leases
2020	$	191	$	454
2021	47		576
2022	41		489
2023	39		397
2024	36		289
Thereafter	259		1,413
Total lease payments	613		3,618
Less: Imputed interest	(113)		(599)
Total lease obligations	500		3,019
Less: Current obligations	(181)		(526)
Long-term lease obligations	$	319	$	2,493