Leases (Tables)

12 Months Ended

Dec. 31, 2021

The components of lease expense were as follows:

Supplemental cash flow information related to leases was as follows:


	December 31,
(DOLLARS IN MILLIONS)	2021		2020
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flow for operating leases	$	129	$	52

Financing cash flow for finance leases	6		4
Right-of-use assets obtained in exchange for lease obligations
Operating leases	88		63
Finance leases	15		6

Weighted average remaining lease term and discount rate were as follows:


	December 31,
	2021		2020
Weighted average remaining lease term in years
Operating leases	11.1		10.5
Finance leases	4.3		2.9
Weighted average discount rate
Operating leases	2.73	%	3.82	%
Finance leases	1.85	%	1.81	%

Supplemental balance sheet information related to leases was as follows:


	December 31,
(DOLLARS IN MILLIONS)	2021		2020
Operating Leases
Operating lease right-of-use assets	$	767	$	299

Current operating lease obligations(2)	109		41
Operating lease liabilities	670		265
Total operating lease liabilities	$	779	$	306
Financing Leases
Financing lease right-of-use assets(1)	$	21	$	8

Current financing lease obligations(2)	5		3
Financing lease liabilities(3)	15		4
Total financing lease liabilities	$	20	$	7

_______________________

(1)Presented in Other assets in the Consolidated Balance Sheets.

(2)Presented in Other current liabilities in the Consolidated Balance Sheets.

(3)Presented in Other liabilities in the Consolidated Balance Sheets.

Maturities of lease liabilities as of December 31, 2021 were as follows:


(DOLLARS IN MILLIONS)	Operating Leases		Financing Leases		Total
2022	$	127	$	7	$	134
2023	97		5		102
2024	82		3		85
2025	78		2		80
2026	73		2		75
Thereafter	459		2		461
Total undiscounted liabilities	916		21		937
Less: Imputed interest	(137)		(1)		(138)
Total lease liabilities	$	779	$	20	$	799