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LEASES (Tables)

12 Months Ended

Dec. 31, 2021

The components of lease cost included in income from continuing operations were as follows, in millions:


	Year Ended December 31,
	2021		2020		2019
Operating lease cost	$	48	$	47	$	49
Short-term lease cost	8		7		6
Variable lease cost	4		3		3
Finance lease cost:
Amortization of right-of-use assets	3		3		3
Interest on lease liabilities	1		1		1

Schedule of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases was as follows, in millions:


	Year Ended December 31,
	2021		2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	47	$	47	$	58
Operating cash flows for finance leases	1		1		1
Financing cash flows for finance leases	2		2		8

ROU assets obtained in exchange for new lease obligations:
Operating leases (A)	67		27		27
Finance leases	—		—		—

______________________________

(A)Includes $2 million of ROU assets obtained in exchange for new lease obligations related to the acquisitions of ESS and Steamist in 2021. Includes $9 million of ROU assets obtained in exchange for new lease obligations related to the acquisitions of Kraus and Work Tools in the fourth quarter of 2020.

Lessee, Other Lease Information

Certain other information related to leases was as follows:


	At December 31,
	2021		2020		2019
Weighted-average remaining lease term:
Operating leases	9 years		10 years		10 years
Finance leases	9 years		10 years		11 years

Weighted-average discount rate:
Operating leases	4.0	%	4.4	%	4.6	%
Finance leases	3.3	%	3.3	%	3.4	%

Schedule of Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases was as follows, in millions:


	At December 31,
	2021				2020
	Operating Leases		Finance Leases		Operating Leases		Finance Leases
Property and equipment, net	$	—	$	24	$	—	$	27
Notes payable	—		3		—		2
Accrued liabilities	38		—		39		—
Long-term debt	—		23		—		26

Finance Lease, Liability, Maturity

At December 31, 2021, future maturities of lease liabilities were as follows, in millions:


	Operating Leases		Finance Leases
Year ending December 31,
2022	$	44	$	3
2023	37		3
2024	31		3
2025	26		4
2026	23		3
Thereafter	95		14
Total lease payments	256		30
Less: imputed interest	(46)		(4)
Total	$	210	$	26

Operating Lease, Liability, Maturity

At December 31, 2021, future maturities of lease liabilities were as follows, in millions:


	Operating Leases		Finance Leases
Year ending December 31,
2022	$	44	$	3
2023	37		3
2024	31		3
2025	26		4
2026	23		3
Thereafter	95		14
Total lease payments	256		30
Less: imputed interest	(46)		(4)
Total	$	210	$	26