XML 74 R46.htm IDEA: XBRL DOCUMENT v3.22.0.1
LEASES (Tables)
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Lease Expense

Lease Expense

 

DOLLAR AMOUNTS IN MILLIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2021

 

 

2020

 

 

2019

 

Operating lease costs

 

$

20

 

 

$

21

 

 

$

20

 

Financing lease costs

 

 

9

 

 

 

12

 

 

 

15

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total lease costs

 

$

29

 

 

$

33

 

 

$

35

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Supplemental Cash Flow Information

Supplemental Cash Flow Information

 

DOLLAR AMOUNTS IN MILLIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2021

 

 

2020

 

 

2019

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows for operating leases

 

$

19

 

 

$

20

 

 

$

20

 

Financing cash flows for financing leases(1)

 

$

11

 

 

$

13

 

 

$

16

 

ROU assets obtained in exchange for new (modified) lease liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Operating leases

 

$

9

 

 

$

3

 

 

$

6

 

Financing leases

 

$

4

 

 

$

4

 

 

$

5

 

 

(1)

Interest expense related to financing leases was immaterial during 2021, 2020 and 2019.

Supplemental Balance Sheet Information Related to Leases

Supplemental Balance Sheet Information Related to Leases

 

DOLLAR AMOUNTS IN MILLIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DECEMBER 31,

2021

 

 

DECEMBER 31,

2020

 

LEASES

 

BALANCE SHEET CLASSIFICATION

 

 

 

 

 

 

 

 

Assets

 

 

 

 

 

 

 

 

 

 

Operating lease ROU assets

 

Other assets

 

$

101

 

 

$

106

 

Financing lease ROU assets

 

Property and equipment, net

 

 

13

 

 

 

19

 

 

 

 

 

 

 

 

 

 

 

 

Total leased assets

 

 

 

$

114

 

 

$

125

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

Current:

 

 

 

 

 

 

 

 

 

 

Operating lease liabilities

 

Accrued liabilities

 

$

17

 

 

$

16

 

Financing lease liabilities

 

Accrued liabilities

 

 

7

 

 

 

10

 

Noncurrent:

 

 

 

 

 

 

 

 

 

 

Operating lease liabilities

 

Other liabilities

 

 

90

 

 

 

95

 

Financing lease liabilities

 

Other liabilities

 

 

8

 

 

 

12

 

 

 

 

 

 

 

 

 

 

 

 

Total lease liabilities

 

 

 

$

122

 

 

$

133

 

 

 

 

 

 

 

 

 

 

 

 

Weighted Average Remaining Lease Term

 

Weighted Average Remaining Lease Term

 

 

 

 

 

 

 

 

 

 

DECEMBER 31,

2021

 

 

DECEMBER 31,

2020

 

Operating leases

 

8 years

 

 

10 years

 

Financing leases

 

2 years

 

 

2 years

 

Weighted Average Discount Rate

 

 

 

 

 

 

 

 

 

 

 

 

DECEMBER 31,

2021

 

 

DECEMBER 31,

2020

 

Operating leases

 

 

4.1

%

 

 

4.2

%

Financing leases

 

 

2.9

%

 

 

3.1

%

 

Schedule of Maturities of Operating and Finance Leases Liabilities

Maturities of Lease Liabilities as of December 31, 2021

 

DOLLAR AMOUNTS IN MILLIONS

 

 

 

 

 

 

 

 

 

 

OPERATING

LEASES

 

 

FINANCING

LEASES

 

2022

 

$

21

 

 

$

8

 

2023

 

 

19

 

 

 

5

 

2024

 

 

13

 

 

 

2

 

2025

 

 

12

 

 

 

1

 

2026

 

 

12

 

 

 

 

Thereafter

 

 

50

 

 

 

 

 

 

 

 

 

 

 

 

 

Total lease payments

 

 

127

 

 

 

16

 

Less: interest

 

 

(20

)

 

 

(1

)

 

 

 

 

 

 

 

 

 

Total present value of lease liabilities

 

$

107

 

 

$

15