LEASES (Tables)

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Schedule of Components of Lease Expense and Supplemental Cash Flow Information

The components of lease expense are as follows:

(In millions)	2021		2020		2019
Operating lease cost	$	164	$	184	$	166
Finance lease cost:
Amortization of lease assets	12		6		5
Interest on lease liabilities	2		1		1
Short-term lease cost	15		18		46
Variable lease cost	16		3		22
Sublease income	(2)		(2)		(3)
Total lease cost	$	207	$	210	$	237

Supplemental cash flow information related to leases is as follows:

(In millions)	2021		2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows - payments on operating leases	$	(158)	$	(144)	$	(168)
Operating cash outflows - interest payments on finance leases	(2)		(1)		(1)
Financing cash outflows - payments on finance lease obligations	(11)		(8)		(6)
Lease assets obtained in exchange for new lease obligations, including leases acquired:
Operating leases	$	145	$	144	$	114
Finance leases	14		16		24

Schedule of Supplemental Balance Sheet Information related to Leases

Supplemental balance sheet information related to leases is as follows:

	December 31
(In millions)	2021		2020
Operating Leases
Operating lease assets	$	442	$	428
Other current liabilities	120		116
Operating lease liabilities	337		326
Total operating lease liabilities	$	457	$	442
Finance Leases
Land and buildings	$	6	$	13
Machinery and equipment	47		38
Accumulated depreciation	(19)		(16)
Net property, plant and equipment	$	34	$	35
Current portion of long-term debt	$	15	$	8
Long-term debt	23		30
Total finance lease liabilities	$	38	$	38

	December 31
	2021		2020
Weighted-average remaining lease term
Operating leases	5.4 years		5.5 years
Finance leases	5.3 years		7.4 years
Weighted-average discount rate
Operating leases	2.6	%	3.3	%
Finance leases	3.3	%	3.5	%

Schedule of Maturities of Operating Lease Liabilities

Maturities of lease liabilities at December 31, 2021 are as follows:

(In millions)	Operating Leases		Finance Leases
2022	$	127	$	16
2023	104		7
2024	77		6
2025	49		2
2026	36		2
Thereafter	100		7
Total lease payments	493		40
Less imputed interest	36		2
Total present value of lease liabilities	$	457	$	38

Schedule of Maturities of Finance Lease Liabilities

Maturities of lease liabilities at December 31, 2021 are as follows:

(In millions)	Operating Leases		Finance Leases
2022	$	127	$	16
2023	104		7
2024	77		6
2025	49		2
2026	36		2
Thereafter	100		7
Total lease payments	493		40
Less imputed interest	36		2
Total present value of lease liabilities	$	457	$	38