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, 2021
Leases [Abstract]  
Lease, Cost
The components of our lease cost were as follows:
Years ended December 31,
In millions 2021 2020 2019
Operating lease cost $ 172  $ 172  $ 180 
Finance lease cost
Amortization of right-of-use asset 16  18  18 
Interest expense 4  4  9 
Short-term lease cost 18  19  33 
Variable lease cost 11  12  7 
Total lease cost $ 221  $ 225  $ 247 
Schedule Of Supplemental Balance Sheet Information Related To Leases Table
Supplemental balance sheet information related to leases:
December 31,
In millions 2021 2020 Balance Sheet Location
Assets
Operating lease assets $ 444  $ 438  Other assets
Finance lease assets(1)
95  99  Property, plant and equipment, net
Total lease assets $ 539  $ 537 
Liabilities
Current
Operating lease liabilities $ 128  $ 128  Other accrued expenses
Finance lease liabilities 14  12  Current maturities of long-term debt
Long-term
Operating lease liabilities 326  325  Other liabilities
Finance lease liabilities 75  79  Long-term debt
Total lease liabilities $ 543  $ 544 
(1) Finance lease assets were recorded net of accumulated amortization of $66 million and $58 million at December 31, 2021 and 2020.
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 2021 2020 2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases $ 159  $ 149  $ 163 
Operating cash flows from finance leases 14  14  47 
Financing cash flows from finance leases 4  4  9 
Right-of-use assets obtained in exchange for lease obligations
Operating leases $ 160  $ 97  $ 214 
Finance leases 13  19  5 
Schedule Of Supplemental Other Information Related To Leases Table
Additional information related to leases:
December 31,
2021 2020
Weighted-average remaining lease term (in years)
Operating leases 5.1 4.9
Finance leases 9.8 10.8
Weighted-average discount rate
Operating leases 2.8  % 3.4  %
Finance leases 3.9  % 4.0  %
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, 2021, together with the net present value of the minimum payments:
In millions Finance Leases Operating Leases
2022 $ 17  $ 138 
2023 15  102 
2024 12  76 
2025 9  58 
2026 8  39 
After 2026 48  73 
Total minimum lease payments 109  486 
Interest (20) (32)
Present value of net minimum lease payments $ 89  $ 454