Management records a right-of-use asset and lease liability for several types of operating leases, including land and buildings, plant equipment, vehicles, and computer equipment. The leases have remaining terms of less than one to 35 years. The discount rate applied to these leases is the Company’s incremental borrowing rate based on the information available at the commencement date in determining the present value of lease payments, unless there is a rate implicit in the lease agreement. The Company does not have material financing leases.

	First quarter ended March 31,
	2022		2021
Costs from operating leases	$	12	$	21
Variable lease payments		3		1
Short-term rental expense		—		—

The weighted average lease term and weighted average discount rate as of March 31, 2022 and December 31, 2021 were as follows:

	March 31, 2022		December 31, 2021
Weighted average lease term for operating leases (years)		4.8		4.9
Weighted average discount rate for operating leases	5.3%		5.2%

The following represents the aggregate right-of use assets and related lease obligations recognized in the Consolidated Balance Sheet at:

	March 31, 2022		December 31, 2021
Properties, plants and equipment, net	$	93	$	97
Other current liabilities	$	35	$	35
Other noncurrent liabilities and deferred credits		59		64
Total operating lease liabilities	$	94	$	99

New leases of $3 and $8 were added during the first quarter of 2022 and 2021, respectively.

The future cash flows related to the operating lease obligations as of March 31, 2022 were as follows:

2022 (excluding the three months ended March 31)	$	31
2023		28
2024		17
2025		11
2026		8
Thereafter		18
Total lease payments (undiscounted)		113
Less: discount to net present value		(19	)
Total	$	94