Annual report pursuant to Section 13 and 15(d)

LEASES FOOTNOTE DISCLOSURE LEASES FOOTNOTE DISCLOSURE (Tables)

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LEASES FOOTNOTE DISCLOSURE LEASES FOOTNOTE DISCLOSURE (Tables)
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Lease, Cost
The components of our lease cost were as follows:
Years ended December 31,
In millions 2022 2021 2020
Operating lease cost $ 160  $ 172  $ 172 
Finance lease cost
Amortization of right-of-use asset 19  16  18 
Interest expense 4  4  4 
Short-term lease cost 23  18  19 
Variable lease cost 12  11  12 
Total lease cost $ 218  $ 221  $ 225 
Schedule Of Supplemental Balance Sheet Information Related To Leases Table
Supplemental balance sheet information related to leases:
December 31,
In millions 2022 2021 Balance Sheet Location
Assets
Operating lease assets $ 492  $ 444  Other assets
Finance lease assets(1)
117  95  Property, plant and equipment, net
Total lease assets $ 609  $ 539 
Liabilities
Current
Operating lease liabilities $ 132  $ 128  Other accrued expenses
Finance lease liabilities 32  14  Current maturities of long-term debt
Long-term
Operating lease liabilities 368  326  Other liabilities
Finance lease liabilities 81  75  Long-term debt
Total lease liabilities $ 613  $ 543 
(1) Finance lease assets were recorded net of accumulated amortization of $78 million and $66 million at December 31, 2022 and 2021.
Schedule Of Supplemental Cash Flow Information Related To Leases Table
Supplemental cash flow and other information related to leases:
Years ended December 31,
In millions 2022 2021 2020
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases $ 151  $ 159  $ 149 
Operating cash flows from finance leases 4  4  4 
Financing cash flows from finance leases 16  14  14 
Right-of-use assets obtained in exchange for lease obligations
Operating leases $ 148  $ 160  $ 97 
Finance leases 29  13  19 
Schedule Of Supplemental Other Information Related To Leases Table
Additional information related to leases:
December 31,
2022 2021
Weighted-average remaining lease term (in years)
Operating leases 5.4 5.1
Finance leases 7.9 9.8
Weighted-average discount rate
Operating leases 3.7  % 2.8  %
Finance leases 4.7  % 3.9  %
Lessee, Finance and Operating Lease, Liability, Maturity
Following is a summary of the future minimum lease payments due to finance and operating leases with terms of more than one year at December 31, 2022, together with the net present value of the minimum payments:
In millions Finance Leases Operating Leases
2023 $ 37  $ 145 
2024 16  118 
2025 13  93 
2026 10  62 
2027 9  45 
After 2027 53  94 
Total minimum lease payments 138  557 
Interest (25) (57)
Present value of net minimum lease payments $ 113  $ 500