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LEASES
9 Months Ended
Sep. 30, 2021
Leases [Abstract]  
LEASES LEASES
The Company leases various real estate, including certain operating facilities, warehouses, office space and land. The Company also leases material handling equipment, vehicles and certain other equipment. The Company’s leases have a remaining lease term of up to 15 years. Total lease cost was $11 million and $6 million for the three months ended September 30, 2021 and 2020, respectively, and $30 million and $23 million for the nine months ended September 30, 2021 and 2020, respectively.
Supplemental Balance Sheet Information Related to Leases
In millions
Classification
September 30, 2021December 31, 2020
Assets
Operating lease assets
Right of use assets$43 $46 
Finance lease assets
Plants, properties, and equipment, net (a)
30 33 
Total leased assets
$73 $79 
Liabilities
Current
Operating
Other current liabilities$16 $14 
Finance
Notes payable and current maturities of long-term debt2 
Noncurrent
Operating
Other Liabilities27 32 
Finance
Long-term debt18 21 
Total lease liabilities
$63 $69 
(a)Finance leases are recorded net of accumulated amortization of $13 million and $10 million as of September 30, 2021 and December 31, 2020, respectively.
LEASES LEASES
The Company leases various real estate, including certain operating facilities, warehouses, office space and land. The Company also leases material handling equipment, vehicles and certain other equipment. The Company’s leases have a remaining lease term of up to 15 years. Total lease cost was $11 million and $6 million for the three months ended September 30, 2021 and 2020, respectively, and $30 million and $23 million for the nine months ended September 30, 2021 and 2020, respectively.
Supplemental Balance Sheet Information Related to Leases
In millions
Classification
September 30, 2021December 31, 2020
Assets
Operating lease assets
Right of use assets$43 $46 
Finance lease assets
Plants, properties, and equipment, net (a)
30 33 
Total leased assets
$73 $79 
Liabilities
Current
Operating
Other current liabilities$16 $14 
Finance
Notes payable and current maturities of long-term debt2 
Noncurrent
Operating
Other Liabilities27 32 
Finance
Long-term debt18 21 
Total lease liabilities
$63 $69 
(a)Finance leases are recorded net of accumulated amortization of $13 million and $10 million as of September 30, 2021 and December 31, 2020, respectively.