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PROPERTY, PLANT AND EQUIPMENT AND OPERATING LEASE RIGHT-OF-USE ASSETS (Tables)
3 Months Ended
Mar. 31, 2019
Property, Plant and Equipment [Abstract]  
Schedule of Property, Plant and Equipment
PROPERTY, PLANT AND EQUIPMENT (In millions)
March 31, 2019

December 31, 2018

 
 
 
Original cost
$
86,037

$
85,476

Less accumulated depreciation and amortization
(35,773
)
(35,637
)
Property, plant and equipment – net
$
50,265

$
49,839

Schedule of Operating Lease Expense and Supplemental Information
OPERATING LEASE EXPENSE
Long-term (fixed)
Long-term (Variable)
Short-term
Total Operating lease expense
March 31 (In millions)
2019

2018

2019

2018

2019

2018

2019

2018

Total
$
269

$
310

$
61

$
63

$
170

$
118

$
499

$
492

MATURITY OF LEASE LIABILITIES  (In millions)
Total

2019 (excluding three months ended March 31, 2019)
$
819

2020
929

2021
743

2022
617

2023
491

Thereafter
1,434

Total undiscounted lease payments
5,034

Less: imputed interest
(854
)
Total lease liability
$
4,180


SUPPLEMENTAL INFORMATION RELATED TO OPERATING LEASES (Dollars in millions)
March 31, 2019

Operating cash flows used for operating leases
$
274

Right-of-use assets obtained in exchange for new lease liabilities
$
201

Weighted-average remaining lease term
7.6 years

Weighted-average discount rate
5.0
%
Schedule of Maturity of Lease Liabilities
MATURITY OF LEASE LIABILITIES  (In millions)
Total

2019 (excluding three months ended March 31, 2019)
$
819

2020
929

2021
743

2022
617

2023
491

Thereafter
1,434

Total undiscounted lease payments
5,034

Less: imputed interest
(854
)
Total lease liability
$
4,180