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LEASES
6 Months Ended
Jun. 30, 2023
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 $16 million and $15 million for the three months and $33 million and $30 million for the six months ended June 30, 2023 and 2022, respectively.
Supplemental Balance Sheet Information Related to Leases
In millions
Classification
June 30, 2023December 31, 2022
Assets
Operating lease assets
Right of use assets$43 $35 
Finance lease assets
Plants, properties, and equipment, net (a)
23 24 
Total leased assets
$66 $59 
Liabilities
Current
Operating
Other current liabilities$17 $13 
Finance
Notes payable and current maturities of long-term debt3 
Noncurrent
Operating
Other Liabilities33 28 
Finance
Long-term debt14 14 
Total lease liabilities
$67 $58 
(a)Finance leases are recorded net of accumulated amortization of $14 million and $13 million as of June 30, 2023 and December 31, 2022, 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 $16 million and $15 million for the three months and $33 million and $30 million for the six months ended June 30, 2023 and 2022, respectively.
Supplemental Balance Sheet Information Related to Leases
In millions
Classification
June 30, 2023December 31, 2022
Assets
Operating lease assets
Right of use assets$43 $35 
Finance lease assets
Plants, properties, and equipment, net (a)
23 24 
Total leased assets
$66 $59 
Liabilities
Current
Operating
Other current liabilities$17 $13 
Finance
Notes payable and current maturities of long-term debt3 
Noncurrent
Operating
Other Liabilities33 28 
Finance
Long-term debt14 14 
Total lease liabilities
$67 $58 
(a)Finance leases are recorded net of accumulated amortization of $14 million and $13 million as of June 30, 2023 and December 31, 2022, respectively.