Leases

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Leases

Leases

We conduct certain operations in leased facilities and also lease a portion of our data processing and other equipment. In addition, certain long-term supply agreements to purchase industrial gases are accounted for as operating leases. Lease agreements frequently include renewal provisions and require us to pay real estate taxes, insurance and maintenance costs.

Our leases are included as a component of the following balance sheet lines:

	December 31,
	2020		2019
Other long-term assets	$	319	$	337
Accrued expenses and other liabilities	$	72	$	73
Other long-term liabilities	249		259

Details of our operating leases are as follows:

	For Years Ended December 31,
	2020			2019
Lease cost related to lease liabilities	$	70		$	66
Variable lease cost	36			41
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for lease cost	$	59		$	60
Lease assets obtained in exchange for new lease liabilities	$	59		$	167
Weighted average remaining lease term	8.9 years			8.2 years
Weighted average discount rate	3.02		%	3.37		%

As of December 31, 2020, we had committed to make the following minimum payments under our non-cancellable operating leases:

	2021		2022		2023		2024		2025		Thereafter		Total
Lease payments	$	76	$	60	$	38	$	33	$	26	$	138	$	371
Imputed lease interest													(50)
Total lease liabilities													$	321