Leases

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Lessee, Operating Leases

Leases

Our operating lease assets primarily represent manufacturing and research and development facilities, warehouses and offices. Total operating lease expense was $380 and $360 for the years ended December 31, 2021 and 2020, of which $73 and $71 was attributable to variable lease expenses.

For the years ended December 31, 2021 and 2020, cash payments against operating lease liabilities totaled $301 and $299 and non-cash transactions totaled $443 and $371 to recognize operating assets and liabilities for new leases.

Supplemental Consolidated Statement of Financial Position information related to leases consisted of the following at December 31:

	2021	2020
Operating leases:
Operating lease right-of-use assets	$1,437	$1,252
Current portion of lease liabilities	268	268
Non-current portion of lease liabilities	1,271	1,084
Total operating lease liabilities	$1,539	$1,352
Weighted average remaining lease term (years)	13	9
Weighted average discount rate	3.82%	3.43%

Maturities of operating lease liabilities for the next five years are as follows:

	Operating leases
2022	$301
2023	253
2024	190
2025	154
2026	134
Thereafter	1,083
Total lease payments	2,115
Less imputed interest	(576)
Total	$1,539

As of December 31, 2021, we have entered into leases that have not yet commenced of $265, for a maintenance, repair and overhaul hangar and a paint hangar that will support military aircraft programs. These leases will commence between 2022 and 2023 with lease terms of 7 years to 25 years.