XML 57 R34.htm IDEA: XBRL DOCUMENT v3.22.0.1
Leasing Arrangements (Tables)
 12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Components of Net Lease Cost, and Supplemental Disclosure for Statement of Cash Flows related to Operating and Finance Leases
The components of net lease cost were as follows:
(dollars in millions)
Years Ended December 31,Classification202120202019
Operating lease cost (1)
Cost of services
Selling, general and administrative expense		$5,248 $5,016 $4,746 
Finance lease cost:
Amortization of right-of-use assetsDepreciation and amortization expense259 309 330 
Interest on lease liabilitiesInterest expense34 39 38 
Short-term lease cost (1)
Cost of services
Selling, general and administrative expense		21 22 40 
Variable lease cost (1)
Cost of services
Selling, general and administrative expense		307 295 218 
Sublease incomeService revenues and other(193)(167)(171)
Total net lease cost$5,676 $5,514 $5,201 
Gain on sale and leaseback transaction, netSelling, general and administrative expense$— $— $(391)
(1) All operating lease costs, including short-term and variable lease costs, are split between Cost of services and Selling, general and administrative expense in the consolidated statements of income based on the use of the facility or equipment that the rent is being paid on. See Note 1 for additional information. Variable lease costs represent payments that are dependent on a rate or index, or on usage of the asset.
Supplemental disclosure for the statements of cash flows related to operating and finance leases were as follows:
(dollars in millions)
Years Ended December 31,202120202019
Cash Flows from Operating Activities
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases$(4,658)$(4,813)$(4,392)
Operating cash flows for finance leases(34)(39)(38)
Cash Flows from Financing Activities
Financing cash flows for finance leases(394)(394)(352)
Supplemental lease cash flow disclosures
Operating lease right-of-use assets obtained in exchange for new operating lease liabilities9,778 3,800 3,510 
Right-of-use assets obtained in exchange for new finance lease liabilities461 562 564 
Supplemental Disclosure for Balance Sheet related to Finance Leases
Supplemental disclosures for the balance sheet related to finance leases were as follows:
(dollars in millions)
At December 31,20212020
Assets
Property, plant and equipment, net$1,046 $1,127 
Liabilities
Debt maturing within one year$400 $368 
Long-term debt925 916 
Total Finance lease liabilities$1,325 $1,284 
Schedule of Weighted-Average Remaining Lease Term and Weighted-Average Discount Rate related to Leases
The weighted-average remaining lease term and the weighted-average discount rate of our leases were as follows:
At December 31,20212020
Weighted-average remaining lease term (years)
Operating Leases98
Finance Leases44
Weighted-average discount rate
Operating Leases3.1 %3.5 %
Finance Leases2.2 %2.5 %
Lessee, Operating Lease, Liability, Maturity
The Company's maturity analysis of operating and finance lease liabilities as of December 31, 2021 were as follows:
(dollars in millions)
YearsOperating LeasesFinance Leases
2022$4,383 $402 
20234,169 344 
20243,908 275 
20253,521 155 
20263,173 150 
Thereafter12,335 69 
Total lease payments31,489 1,395 
Less interest4,427 70 
Present value of lease liabilities27,062 1,325 
Less current obligation3,859 400 
Long-term obligation at December 31, 2021$23,203 $925 
Finance Lease, Liability, Maturity
The Company's maturity analysis of operating and finance lease liabilities as of December 31, 2021 were as follows:
(dollars in millions)
YearsOperating LeasesFinance Leases
2022$4,383 $402 
20234,169 344 
20243,908 275 
20253,521 155 
20263,173 150 
Thereafter12,335 69 
Total lease payments31,489 1,395 
Less interest4,427 70 
Present value of lease liabilities27,062 1,325 
Less current obligation3,859 400 
Long-term obligation at December 31, 2021$23,203 $925