Leases

12 Months Ended

Dec. 31, 2021

Note 15. Leases

The components of lease expense included in Income (Loss) before Income Taxes for the years ended December 31, 2021, 2020 and 2019 are as follows:



(In millions)	2021			2020			2019
Operating Lease Expense	$	295		$	286		$	292
Finance Lease Expense:
Amortization of ROU assets		9			11			11
Interest on lease liabilities		21			21			21
Short Term Lease Expense		11			6			6
Variable Lease Expense		8			3			7
Sublease Income		(11	)		(11	)		(15	)
Total Lease Expense	$	333		$	316		$	322

Supplemental cash flow information related to leases for the years ended December 31, 2021 and 2020 is as follows:



(In millions)	2021		2020		2019
Cash Paid for Amounts Included in the Measurement of Lease Liabilities
Operating Cash Flows for Operating Leases	$	278	$	268	$	267
Operating Cash Flows for Finance Leases		21		21		21
Financing Cash Flows for Finance Leases		6		7		7
ROU Assets Obtained in Exchange for Lease Obligations
Operating Leases		378		202		197
Finance Leases		14		3		34

Supplemental balance sheet information related to leases as of December 31, 2021 and 2020 is as follows:



(In millions, except lease term and discount rate)	2021			2020
Operating Leases
Operating Lease ROU Assets	$	981		$	851

Operating Lease Liabilities due Within One Year	$	204		$	198
Operating Lease Liabilities		819			684
Total Operating Lease Liabilities	$	1,023		$	882

Finance Leases
Property, Plant and Equipment, at cost	$	264		$	262
Accumulated Depreciation		(64	)		(60	)
Property, Plant and Equipment, net	$	200		$	202

Long Term Debt and Finance Leases due Within One Year	$	18		$	18
Long Term Debt and Finance Leases		237			232
Total Finance Lease Liabilities	$	255		$	250


Weighted Average Remaining Lease Term (years)
Operating Leases	7.5		7.3
Finance Leases	30.1		30.9

Weighted Average Discount Rate
Operating Leases	6.30	%		6.85	%
Finance Leases	8.40	%		8.48	%

Future maturities of our lease liabilities, excluding subleases, as of December 31, 2021 are as follows:



(In millions)	Operating Leases		Finance Leases
2022	$	255	$	37
2023		212		24
2024		171		23
2025		137		22
2026		110		22
Thereafter		428		652
Total Lease Payments		1,313		780
Less: Imputed Interest		290		525
Total	$	1,023	$	255

As of December 31, 2021, we have additional operating and finance leases that have not yet commenced for which the present value of lease payments over the respective lease terms totals $1 million. Accordingly, these leases are not recorded on the Consolidated Balance Sheets at December 31, 2021. These leases will commence in 2022 and 2023 with lease terms of 1 year to 8 years.