XML 52 R34.htm IDEA: XBRL DOCUMENT v3.21.1
Leasing (Tables)
 3 Months Ended
Mar. 31, 2021
Leases [Abstract]  
Schedule of Lease Balances
The following table presents our lease balances as of March 31, 2021 and December 31, 2020:
In millionsLocation in the Condensed Consolidated Balance SheetMarch 31, 2021December 31, 2020
Assets
       Operating lease assetsOperating lease assets$396 $344 
       Finance lease assetsProperty, plant and equipment, net63 55 
       Accumulated amortization of finance lease assetsProperty, plant and equipment, net(23)(18)
Total leased assets$436 $381 
Liabilities
Current
       Operating lease liabilitiesOther current liabilities$90 $85 
       Finance lease liabilitiesOther current liabilities17 15 
Noncurrent
       Operating lease liabilitiesOperating lease liabilities377 325 
       Finance lease liabilitiesOther liabilities25 23 
Total lease liabilities$509 $448 
Schedule of Lease Costs, Supplemental Cash Flow Information, Lease Term and Interest Rate The following tables present our lease costs for operating and finance leases:
Three months ended March 31
In millions20212020
Operating lease cost$31 $32 
Finance lease cost
       Amortization of leased assets4 3 
  Interest on lease liabilities— — 
Short-Term lease cost1 1 
Variable lease cost6 7 
      Total lease cost$42 $43 

The following tables present the supplemental cash flow information:
Three months ended March 31
In millions20212020
Cash paid for amounts included in the measurement of lease liabilities:
         Operating cash flows from operating leases$31 $30 
         Operating cash flows from finance leases$— $— 
         Financing cash flows from finance leases$4 $3 
Lease Assets Obtained in Exchange for Lease Obligations
Operating Leases$69 $(2)
Finance Leases$1 $8 
The following table presents the weighted average remaining lease term and interest rates:
March 31, 2021December 31, 2020
Weighted average lease term:
       Operating leases8.8 years8.7 years
       Finance leases2.6 years2.7 years
Weighted average interest rates:
       Operating leases5.90 %6.45 %
       Finance leases4.02 %4.59 %
Schedule of Reconciliation of Undiscounted Cash Flows of Operating Lease Liabilities
The following table reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the finance lease liabilities and operating lease liabilities recorded on the Condensed Consolidated Balance Sheet as of March 31, 2021:
In millionsOperating LeasesFinance Leases
Remainder of 2021$89 $14 
202288 17 
202362 10 
202451 3 
202543 — 
Thereafter279 — 
Total lease payments612 44 
Less: Amount representing interest(145)(2)
Present value of lease liabilities$467 $42 
Schedule of Reconciliation of Undiscounted Cash Flows of Finance Lease Liabilities
The following table reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the finance lease liabilities and operating lease liabilities recorded on the Condensed Consolidated Balance Sheet as of March 31, 2021:
In millionsOperating LeasesFinance Leases
Remainder of 2021$89 $14 
202288 17 
202362 10 
202451 3 
202543 — 
Thereafter279 — 
Total lease payments612 44 
Less: Amount representing interest(145)(2)
Present value of lease liabilities$467 $42