LEASES

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

LEASES

LEASES

Our leasing activities primarily consist of operating leases for administrative offices, manufacturing facilities, research centers, service centers, sales offices and certain equipment.

The following table presents operating lease expense:

Operating Lease Expense	2023		2022		2021
Long-term fixed lease	$	276	$	254	$	255
Long-term variable lease	73		48		32
Short-term lease (1)	503		477		440
Total operating lease expense	$	852	$	779	$	727

(1)Leases with a term of one year or less, including leases with a term of one month or less.

Cash flows used in operating activities for operating leases approximates our expense for the years ended December 31, 2023, 2022 and 2021.

As of December 31, 2023, maturities of our operating lease liabilities are as follows:

Year	Operating Leases
2024	$	244
2025	178
2026	122
2027	79
2028	57
Thereafter	234
Total lease payments	914
Less: imputed interest	145
Total	$	769

Amounts recognized in the consolidated statements of financial position for operating leases consist of the following:

	2023		2022
All other current liabilities	$	220	$	189
All other liabilities	549		552
Total	$	769	$	741

Right-of-use assets of $769 million and $757 million as of December 31, 2023 and 2022, respectively, are included in "All other assets" in the consolidated statements of financial position. The weighted-average remaining lease term for our operating leases was approximately seven years for the years ended December 31, 2023 and 2022. The weighted-average discount rate used to determine the operating lease liability as of December 31, 2023 and 2022 was 3.3% and 3.1%, respectively.