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LEASES (Tables)

9 Months Ended

Sep. 30, 2020

The components of lease cost for operating and finance leases for the three and nine months ended September 30, 2020 and 2019 were as follows:


Lease Cost	Three Months Ended						Nine Months Ended
In millions	Sep 30, 2020		Sep 30, 2019		Sep 30, 2020		Sep 30, 2019
Operating lease cost	$	122	$	134	$	362	$	398
Finance lease cost
Amortization of right-of-use assets - finance	$	16	$	14	$	42	$	31
Interest on lease liabilities - finance	7		6		19		19
Total finance lease cost	$	23	$	20	$	61	$	50
Short-term lease cost	54		51		161		151
Variable lease cost	45		89		157		196
Sublease income	(2)		—		(4)		(2)
Total lease cost	$	242	$	294	$	737	$	793

Schedule of Supplemental Cash Flow Information Related to Leases

The following table provides supplemental cash flow information related to leases:


Other Lease Information	Nine Months Ended
In millions	Sep 30, 2020		Sep 30, 2019

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	357	$	398
Operating cash flows for finance leases	$	19	$	19
Financing cash flows for finance leases	$	34	$	16

Schedule of Lease Assets and Liabilities

The following table summarizes the lease-related assets and liabilities recorded in the consolidated balance sheets at September 30, 2020 and December 31, 2019:


Lease Position	Balance Sheet Classification	Sep 30, 2020		Dec 31, 2019
In millions
Right-of-use assets obtained in exchange for lease obligations:
Operating leases ¹		$	68	$	2,476
Finance leases		$	142	$	89
Assets
Operating lease assets	Operating lease right-of-use assets	$	1,809	$	2,072
Finance lease assets	Property	620		486
Finance lease amortization	Accumulated depreciation	(198)		(167)
Total lease assets		$	2,231	$	2,391
Liabilities
Current
Operating	Operating lease liabilities - current	$	405	$	421
Finance	Long-term debt due within one year	49		32
Noncurrent
Operating	Operating lease liabilities - noncurrent	1,488		1,739
Finance	Long-Term Debt	447		363
Total lease liabilities		$	2,389	$	2,555

1. Includes $2.3 billion for the period ended December 31, 2019 related to the adoption of Topic 842.

Lease Terms and Discount Rates

The weighted-average remaining lease term and discount rate for leases recorded in the consolidated balance sheets at September 30, 2020 and December 31, 2019 are provided below:


Lease Term and Discount Rate	Sep 30, 2020		Dec 31, 2019
Weighted-average remaining lease term
Operating leases	7.6 years		8.0 years
Finance leases	11.7 years		12.3 years
Weighted-average discount rate
Operating leases	3.96	%	4.09	%
Finance leases	5.56	%	6.28	%

Maturities of Lease Liabilities

The following table provides the maturities of lease liabilities at September 30, 2020:


Maturities of Lease Liabilities	Sep 30, 2020
	Operating Leases		Finance Leases
In millions
2020	$	127	$	25
2021	443		72
2022	359		68
2023	288		93
2024	222		40
2025 and thereafter	806		389
Total future undiscounted lease payments	$	2,245	$	687
Less: Imputed interest	352		191
Total present value of lease liabilities	$	1,893	$	496

Schedule of Guarantor Obligations

The following table provides a summary of the final expiration, maximum future payments and recorded liability reflected in the consolidated balance sheets for guarantees:


Guarantees	Sep 30, 2020								Dec 31, 2019
In millions	Final Expiration	Maximum Future Payments		Recorded Liability		Final Expiration	Maximum Future Payments		Recorded Liability
Guarantees	2023	$	3,788	$	7	2023	$	3,952	$	10

Residual Value Guarantees [Member]

Guarantor Obligations [Line Items]

Schedule of Guarantor Obligations


Lease Guarantees	Sep 30, 2020								Dec 31, 2019
In millions	Final Expiration	Maximum Future Payments		Recorded Liability		Final Expiration	Maximum Future Payments		Recorded Liability
Residual value guarantees	2028	$	807	$	24	2028	$	792	$	—