Leases and Commitments

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Lessee, Operating Leases [Text Block]

Leases and Commitments

We have entered into leases for certain facilities, vehicles, material handling and other equipment. Our operating leases have remaining contractual terms up to 13 years, some of which include options to extend the leases for up to 20 years, and some of which include options to terminate the leases within 1 year. Our operating lease agreements do not contain any material residual

value guarantees or material restrictive covenants. Our operating lease costs are primarily related to facility leases for inventory warehousing and administration offices. Our finance leases are immaterial.

Operating Lease Cost

	December 31, 2019		Income Statement Classification
Lease cost	$	162	Cost of products sold, Marketing, research and general expenses
Variable lease cost(a)	145		Cost of products sold, Marketing, research and general expenses
Total lease cost	$	307

(a)    Includes short-term leases, which are immaterial.

Operating Lease Assets and Liabilities

	December 31, 2019		Balance Sheet Classification
Lease assets	$	396	Other Assets
Current lease liabilities	$	130	Accrued expenses and other current liabilities
Noncurrent lease liabilities	274		Other Liabilities
Total lease liabilities	$	404

Maturity of Operating Lease Liabilities

	December 31, 2019
2020	$	145
2021	102
2022	72
2023	51
2024	32
Thereafter	52
Total lease payments	454
Less imputed interest	50
Present value of lease liabilities	$	404

As of December 31, 2019, our operating leases have a weighted-average remaining lease term of 4.4 years and a weighted-average discount rate of 5.0 percent. Cash paid for amounts included in the measurement of operating lease liabilities was $163 for the year ended December 31, 2019.

As of December 31, 2019, we have additional operating leases, primarily for facilities, that have not yet commenced of $147. These operating leases will commence during 2020 with lease terms of 9 years.

The future minimum obligations under operating leases in effect as of December 31, 2018 having a noncancelable term in excess of one year as determined prior to the adoption of ASU Topic 842 were as follows:

	December 31, 2018
2019	$	160
2020	123
2021	85
2022	57
2023	41
Thereafter	72
Future minimum obligations	$	538

Consolidated rental expense under operating leases prior to the adoption of ASU Topic 842 was $280 and $281 in 2018 and 2017, respectively.

We have entered into long-term contracts for the purchase of superabsorbent materials, pulp and certain utilities. Commitments under these contracts based on current prices are $1,249 in 2020, $83 in 2021, $57 in 2022, $50 in 2023, $39 in 2024, and $101 beyond the year 2024.

Although we are primarily liable for payments on the above-mentioned leases and purchase commitments, our exposure to losses, if any, under these arrangements is not material.