LEASE OBLIGATIONS (Tables)

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Lease, Cost

Lease costs are presented below:

	(In Millions)
	Year Ended December 31,
	2020		2019
Operating leases	$	43	$	4
Finance leases:
Amortization of lease cost	15		6
Interest on lease liabilities	4		2
Short-term leases	13		6
Total	$	75	$	18

Other information related to leases was as follows:

	(In Millions)
	Year Ended December 31,
	2020			2019
Cash paid for amounts included in measurement of lease liabilities:
Operating leases within cash flows from operating activities	$	43		$	4
Finance leases within cash flows from operating activities	$	4		$	2
Finance leases within cash flows from financing activities	$	15		$	6
Right-of-use assets obtained in exchange for new finance lease liabilities1	$	44		$	29
Weighted-average remaining lease term - operating leases (in years)	8			10
Weighted-average remaining lease term - finance leases (in years)	5			6
Weighted-average discount rate - operating leases	8		%	8		%
Weighted-average discount rate - finance leases	4		%	5		%
1 Right-of-use assets obtained in the Acquisitions are not included in this figure.

Lessee, Operating and Finance Lease, Liability, Maturity

Future minimum lease payments under noncancellable finance and operating leases as of December 31, 2020 were as follows:

	(In Millions)
	Finance Leases		Operating Leases
2021	$	100	$	70
2022	95		53
2023	78		46
2024	23		38
2025	22		34
Thereafter	76		122
Total future minimum lease payments	394		363
Less: imputed interest	59		99
Total lease payments	335		264
Less: current portion of lease liabilities	91		53
Long-term lease liabilities	$	244	$	211